Quanex Building Products Co. (NYSE:NX) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. increased its position in shares of Quanex Building Products Co. (NYSE:NX) by 2.7% during the 4th quarter, HoldingsChannel reports. The fund owned 904,990 shares of the construction company’s stock after acquiring an additional 23,612 shares during the quarter. American Century Companies Inc.’s holdings in Quanex Building Products were worth $21,937,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. raised its position in shares of Quanex Building Products by 779.2% during the 4th quarter. Principal Financial Group Inc. now owns 1,956,454 shares of the construction company’s stock valued at $47,424,000 after buying an additional 1,733,932 shares during the period. State Street Corp raised its position in Quanex Building Products by 28.1% in the third quarter. State Street Corp now owns 1,604,668 shares of the construction company’s stock valued at $44,530,000 after purchasing an additional 351,778 shares during the period. Pacer Advisors Inc. acquired a new position in shares of Quanex Building Products in the 4th quarter valued at $25,380,000. Geode Capital Management LLC grew its holdings in shares of Quanex Building Products by 37.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,040,987 shares of the construction company’s stock worth $28,894,000 after purchasing an additional 286,128 shares during the period. Finally, Systematic Financial Management LP increased its position in shares of Quanex Building Products by 14.1% during the 3rd quarter. Systematic Financial Management LP now owns 1,022,002 shares of the construction company’s stock worth $28,361,000 after purchasing an additional 126,290 shares during the last quarter. Hedge funds and other institutional investors own 97.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Quanex Building Products from a “hold” rating to a “sell” rating in a research report on Sunday, December 22nd.

Quanex Building Products Stock Down 3.0 %

Quanex Building Products stock opened at $19.14 on Monday. The company has a market capitalization of $903.58 million, a PE ratio of 17.09, a price-to-earnings-growth ratio of 0.68 and a beta of 1.33. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 2.24. Quanex Building Products Co. has a fifty-two week low of $18.14 and a fifty-two week high of $38.98. The firm has a 50 day moving average price of $20.85 and a 200 day moving average price of $25.31.

Quanex Building Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.67%. Quanex Building Products’s payout ratio is presently 52.46%.

About Quanex Building Products

Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry in the United States, rest of Europe, Canada, Asia, the United Kingdom, and internationally. The company operates through three segments: North American Fenestration, European Fenestration, and North American Cabinet Components.