Renaissance Technologies LLC Sells 25,466 Shares of Quanex Building Products Co. (NYSE:NX)

Renaissance Technologies LLC decreased its holdings in shares of Quanex Building Products Co. (NYSE:NX - Free Report) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,231,341 shares of the construction company's stock after selling 25,466 shares during the quarter. Renaissance Technologies LLC owned 2.61% of Quanex Building Products worth $29,848,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Quarry LP boosted its holdings in Quanex Building Products by 150.8% during the 3rd quarter. Quarry LP now owns 1,126 shares of the construction company's stock valued at $31,000 after acquiring an additional 677 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Quanex Building Products by 69.4% in the third quarter. Public Employees Retirement System of Ohio now owns 1,477 shares of the construction company's stock worth $41,000 after buying an additional 605 shares during the period. Federated Hermes Inc. bought a new stake in Quanex Building Products during the 4th quarter valued at $44,000. KBC Group NV boosted its position in Quanex Building Products by 69.8% during the 4th quarter. KBC Group NV now owns 2,843 shares of the construction company's stock valued at $69,000 after buying an additional 1,169 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in Quanex Building Products during the 3rd quarter valued at $132,000. 97.48% of the stock is currently owned by institutional investors.

Quanex Building Products Stock Up 1.9 %

Quanex Building Products stock traded up $0.31 on Thursday, hitting $16.13. 91,477 shares of the stock traded hands, compared to its average volume of 476,377. Quanex Building Products Co. has a 1 year low of $15.53 and a 1 year high of $35.92. The firm has a market cap of $761.29 million, a P/E ratio of 14.40, a price-to-earnings-growth ratio of 0.68 and a beta of 1.08. The business's fifty day simple moving average is $19.42 and its 200 day simple moving average is $24.29. The company has a current ratio of 2.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73.

Quanex Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.08 per share. The ex-dividend date was Monday, March 17th. This represents a $0.32 annualized dividend and a dividend yield of 1.98%. Quanex Building Products's payout ratio is 52.46%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Quanex Building Products from a "hold" rating to a "sell" rating in a research note on Sunday, December 22nd.

Quanex Building Products Company 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.