American Century Companies Inc. Increases Stake in Quanex Building Products Co. (NYSE:NX)

American Century Companies Inc. increased its position in shares of Quanex Building Products Co. (NYSE:NX) by 2.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 904,990 shares of the construction company’s stock after purchasing an additional 23,612 shares during the period. American Century Companies Inc. owned approximately 1.92% of Quanex Building Products worth $21,937,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in Quanex Building Products by 779.2% in the 4th quarter. Principal Financial Group Inc. now owns 1,956,454 shares of the construction company’s stock worth $47,424,000 after buying an additional 1,733,932 shares during the period. State Street Corp increased its position in shares of Quanex Building Products by 28.1% during the third quarter. State Street Corp now owns 1,604,668 shares of the construction company’s stock worth $44,530,000 after acquiring an additional 351,778 shares during the period. Pacer Advisors Inc. bought a new stake in shares of Quanex Building Products during the fourth quarter valued at approximately $25,380,000. Geode Capital Management LLC boosted its holdings in shares of Quanex Building Products by 37.9% in the third quarter. Geode Capital Management LLC now owns 1,040,987 shares of the construction company’s stock valued at $28,894,000 after purchasing an additional 286,128 shares during the period. Finally, Systematic Financial Management LP grew its stake in Quanex Building Products by 14.1% in the third 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 in the last quarter. 97.48% of the stock is currently owned by institutional investors.

Quanex Building Products Trading Down 3.0 %

NYSE:NX opened at $19.14 on Monday. The company has a current ratio of 2.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. The firm has a fifty day simple moving average of $20.85 and a 200-day simple moving average of $25.31. Quanex Building Products Co. has a 12 month low of $18.14 and a 12 month high of $38.98. The company has a market capitalization of $903.58 million, a P/E ratio of 17.09, a PEG ratio of 0.68 and a beta of 1.33.

Quanex Building Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Monday, March 17th. Quanex Building Products’s dividend payout ratio (DPR) is 52.46%.

Analyst Ratings Changes

Separately, StockNews.com lowered Quanex Building Products from a “hold” rating to a “sell” rating in a research note on Sunday, December 22nd.

Quanex Building Products Profile

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.