Dimensional Fund Advisors LP Sells 55,513 Shares of Quanex Building Products Co. (NYSE:NX)

Dimensional Fund Advisors LP lowered its stake in Quanex Building Products Co. (NYSE:NX - Free Report) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,627,508 shares of the construction company's stock after selling 55,513 shares during the period. Dimensional Fund Advisors LP owned 5.57% of Quanex Building Products worth $63,691,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of NX. Sterling Capital Management LLC lifted its holdings in Quanex Building Products by 833.6% in the fourth quarter. Sterling Capital Management LLC now owns 1,419 shares of the construction company's stock valued at $34,000 after buying an additional 1,267 shares during the period. Federated Hermes Inc. bought a new stake in Quanex Building Products during the fourth quarter worth $44,000. KBC Group NV lifted its position in shares of Quanex Building Products by 69.8% during the fourth quarter. KBC Group NV now owns 2,843 shares of the construction company's stock valued at $69,000 after purchasing an additional 1,169 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Quanex Building Products by 805.8% in the 4th quarter. Assetmark Inc. now owns 6,060 shares of the construction company's stock worth $147,000 after buying an additional 5,391 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Quanex Building Products in the 4th quarter valued at $195,000. Institutional investors own 97.48% of the company's stock.

Quanex Building Products Stock Performance

Quanex Building Products stock traded down $0.22 during trading on Wednesday, hitting $16.54. The stock had a trading volume of 343,609 shares, compared to its average volume of 488,577. The company has a quick ratio of 1.23, a current ratio of 2.24 and a debt-to-equity ratio of 0.73. The stock has a market cap of $780.84 million, a price-to-earnings ratio of 14.77, a price-to-earnings-growth 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 $35.26. The stock's 50 day moving average is $18.02 and its two-hundred day moving average is $23.07.

Quanex Building Products Announces Dividend

The company also recently disclosed 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 of this dividend was Monday, March 17th. This represents a $0.32 annualized dividend and a yield of 1.93%. Quanex Building Products's dividend payout ratio is currently 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.