Quanex Building Products Co. (NYSE:NX) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. lifted its position in shares of Quanex Building Products Co. (NYSE:NX) by 29.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,988,029 shares of the construction company’s stock after purchasing an additional 449,646 shares during the quarter. Ameriprise Financial Inc.’s holdings in Quanex Building Products were worth $48,190,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in NX. Sterling Capital Management LLC lifted its holdings in Quanex Building Products by 833.6% in the 4th quarter. Sterling Capital Management LLC now owns 1,419 shares of the construction company’s stock valued at $34,000 after purchasing an additional 1,267 shares in the last quarter. Federated Hermes Inc. acquired a new position in Quanex Building Products in the 4th quarter valued at about $44,000. KBC Group NV grew its position in Quanex Building Products by 69.8% in the 4th quarter. KBC Group NV now owns 2,843 shares of the construction company’s stock valued at $69,000 after acquiring an additional 1,169 shares in the last quarter. Assetmark Inc. grew its position in Quanex Building Products by 805.8% in the 4th quarter. Assetmark Inc. now owns 6,060 shares of the construction company’s stock valued at $147,000 after acquiring an additional 5,391 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Quanex Building Products in the 4th quarter valued at about $195,000. Institutional investors and hedge funds own 97.48% of the company’s stock.

Quanex Building Products Stock Performance

Shares of NX opened at $17.22 on Monday. The stock has a 50-day simple moving average of $17.96 and a 200-day simple moving average of $22.80. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 2.24. The stock has a market capitalization of $812.94 million, a PE ratio of 15.38, a PEG ratio of 0.68 and a beta of 1.01. Quanex Building Products Co. has a 1 year low of $15.30 and a 1 year high of $35.25.

Quanex Building Products Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a dividend of $0.08 per share. The ex-dividend date was Monday, March 17th. This represents a $0.32 annualized dividend and a yield of 1.86%. Quanex Building Products’s dividend payout ratio is currently 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.