Russell Investments Group Ltd. Buys 104,056 Shares of Quanex Building Products Co. (NYSE:NX)

Russell Investments Group Ltd. lifted its position in Quanex Building Products Co. (NYSE:NX - Free Report) by 60.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 276,088 shares of the construction company's stock after purchasing an additional 104,056 shares during the quarter. Russell Investments Group Ltd. owned 0.58% of Quanex Building Products worth $6,692,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in shares of 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 valued at $47,424,000 after buying an additional 1,733,932 shares in the last quarter. Pacer Advisors Inc. bought a new position in Quanex Building Products during the fourth quarter worth about $25,380,000. State Street Corp boosted its holdings in Quanex Building Products by 28.1% during the third quarter. State Street Corp now owns 1,604,668 shares of the construction company's stock valued at $44,530,000 after purchasing an additional 351,778 shares in the last quarter. Impax Asset Management Group plc acquired a new position in shares of Quanex Building Products in the 4th quarter worth approximately $8,187,000. Finally, Geode Capital Management LLC lifted its position in shares of Quanex Building Products by 37.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,040,987 shares of the construction company's stock worth $28,894,000 after buying an additional 286,128 shares during the period. 97.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut Quanex Building Products from a "hold" rating to a "sell" rating in a report on Sunday, December 22nd.

Quanex Building Products Trading Up 2.2 %

NX traded up $0.34 during trading on Friday, reaching $16.16. 342,620 shares of the company's stock were exchanged, compared to its average volume of 480,049. The company's fifty day moving average price is $19.19 and its 200-day moving average price is $24.13. The firm has a market capitalization of $763.04 million, a PE ratio of 14.43, a P/E/G ratio of 0.68 and a beta of 1.08. Quanex Building Products Co. has a fifty-two week low of $15.53 and a fifty-two week high of $35.92. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 2.24.

Quanex Building Products Dividend Announcement

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

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.