Ameriprise Financial Inc. Acquires 449,646 Shares of Quanex Building Products Co. (NYSE:NX)

Ameriprise Financial Inc. raised its position in Quanex Building Products Co. (NYSE:NX - Free Report) by 29.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,988,029 shares of the construction company's stock after purchasing 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.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Quanex Building Products by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 5,267,847 shares of the construction company's stock valued at $127,693,000 after buying an additional 51,142 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Quanex Building Products by 779.2% during the fourth quarter. Principal Financial Group Inc. now owns 1,956,454 shares of the construction company's stock worth $47,424,000 after acquiring an additional 1,733,932 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Quanex Building Products by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 1,053,115 shares of the construction company's stock valued at $25,533,000 after acquiring an additional 12,128 shares during the period. Pacer Advisors Inc. purchased a new stake in Quanex Building Products in the 4th quarter valued at $25,380,000. Finally, American Century Companies Inc. raised its holdings in shares of Quanex Building Products by 2.7% in the fourth quarter. American Century Companies Inc. now owns 904,990 shares of the construction company's stock valued at $21,937,000 after buying an additional 23,612 shares during the last quarter. 97.48% of the stock is owned by institutional investors and hedge funds.

Quanex Building Products Stock Performance

Shares of NX stock traded down $0.40 during midday trading on Wednesday, hitting $18.39. The company had a trading volume of 342,195 shares, compared to its average volume of 491,584. The stock has a market cap of $868.17 million, a price-to-earnings ratio of 16.42, a PEG ratio of 0.68 and a beta of 1.01. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.24 and a quick ratio of 1.23. The company's 50 day simple moving average is $17.93 and its 200 day simple moving average is $22.70. Quanex Building Products Co. has a 52-week low of $15.30 and a 52-week high of $35.25.

Quanex Building Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Monday, March 17th. Quanex Building Products's dividend payout ratio (DPR) is 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.