Quanex Building Products Co. (NYSE:NX) Holdings Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in Quanex Building Products Co. (NYSE:NX) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 700,618 shares of the construction company’s stock after purchasing an additional 31,348 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.48% of Quanex Building Products worth $16,983,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in shares of Quanex Building Products by 28.8% during the 3rd quarter. Principal Financial Group Inc. now owns 222,522 shares of the construction company’s stock worth $6,175,000 after acquiring an additional 49,716 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Quanex Building Products by 38.7% during the 3rd quarter. Victory Capital Management Inc. now owns 115,210 shares of the construction company’s stock worth $3,197,000 after purchasing an additional 32,158 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Quanex Building Products by 35.0% in the third quarter. Thrivent Financial for Lutherans now owns 37,107 shares of the construction company’s stock valued at $1,030,000 after acquiring an additional 9,619 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Quanex Building Products by 292.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,469 shares of the construction company’s stock worth $2,289,000 after buying an additional 61,444 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of Quanex Building Products in the 3rd quarter valued at approximately $1,385,000. Institutional investors and hedge funds own 97.48% of the company’s stock.

Quanex Building Products Price Performance

NYSE NX opened at $20.22 on Friday. The stock has a 50-day simple moving average of $21.26 and a 200 day simple moving average of $25.62. Quanex Building Products Co. has a twelve month low of $18.14 and a twelve month high of $39.31. The stock has a market capitalization of $954.33 million, a PE ratio of 18.05, a P/E/G 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.08 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.32 annualized dividend and a dividend yield of 1.58%. Quanex Building Products’s dividend payout ratio is 52.46%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Quanex Building Products from a “hold” rating to a “sell” rating in a report 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.