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

Ameriprise Financial Inc. grew its stake in shares of Quanex Building Products Co. (NYSE:NX) by 29.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,988,029 shares of the construction company’s stock after acquiring an additional 449,646 shares during the quarter. Ameriprise Financial Inc. owned about 4.21% of Quanex Building Products worth $48,190,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Principal Financial Group Inc. increased its holdings 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. Pacer Advisors Inc. acquired a new position in Quanex Building Products in the 4th quarter worth approximately $25,380,000. Impax Asset Management Group plc acquired a new position in Quanex Building Products in the 4th quarter worth approximately $8,187,000. ExodusPoint Capital Management LP increased its holdings in Quanex Building Products by 301.9% in the 4th quarter. ExodusPoint Capital Management LP now owns 140,986 shares of the construction company’s stock worth $3,418,000 after buying an additional 105,907 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in Quanex Building Products by 60.5% in the 4th quarter. Russell Investments Group Ltd. now owns 276,088 shares of the construction company’s stock worth $6,692,000 after buying an additional 104,056 shares during the period. Institutional investors and hedge funds own 97.48% of the company’s stock.

Quanex Building Products Price Performance

Shares of NYSE:NX opened at $17.22 on Monday. Quanex Building Products Co. has a twelve month low of $15.30 and a twelve month high of $35.25. The company’s 50 day moving average is $17.96 and its 200 day moving average is $22.80. 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 company has a market cap of $812.94 million, a PE ratio of 15.38, a price-to-earnings-growth ratio of 0.68 and a beta of 1.01.

Quanex Building Products Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.32 annualized dividend and a yield of 1.86%. Quanex Building Products’s dividend payout ratio (DPR) is presently 52.46%.

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.