Quanex Building Products Co. (NYSE:NX) Stock Holdings Increased by Systematic Financial Management LP

Systematic Financial Management LP boosted its holdings in shares of Quanex Building Products Co. (NYSE:NX - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,050,230 shares of the construction company's stock after purchasing an additional 28,228 shares during the period. Systematic Financial Management LP owned approximately 2.22% of Quanex Building Products worth $25,458,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Quanex Building Products by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 5,267,847 shares of the construction company's stock worth $127,693,000 after buying an additional 51,142 shares during the period. Ameriprise Financial Inc. increased its position in shares of Quanex Building Products by 29.2% in the fourth quarter. Ameriprise Financial Inc. now owns 1,988,029 shares of the construction company's stock worth $48,190,000 after acquiring an additional 449,646 shares in the last quarter. Principal Financial Group Inc. raised its holdings 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 valued at $47,424,000 after acquiring an additional 1,733,932 shares during the period. Deprince Race & Zollo Inc. lifted its position in shares of Quanex Building Products by 716.4% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,111,464 shares of the construction company's stock valued at $26,942,000 after acquiring an additional 975,324 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in 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 worth $25,533,000 after purchasing an additional 12,128 shares during the period. 97.48% of the stock is currently owned by institutional investors.

Quanex Building Products Trading Down 1.3%

NYSE NX traded down $0.23 on Thursday, hitting $17.36. 103,635 shares of the stock were exchanged, compared to its average volume of 493,562. The company's 50-day moving average price is $17.79 and its two-hundred day moving average price is $22.29. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.24 and a quick ratio of 1.23. Quanex Building Products Co. has a 52-week low of $15.30 and a 52-week high of $34.97. The company has a market capitalization of $819.55 million, a price-to-earnings ratio of 15.48, a P/E/G ratio of 0.68 and a beta of 1.01.

Quanex Building Products Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.84%. Quanex Building Products's dividend payout ratio 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.