23,196 Shares in Quanex Building Products Co. (NYSE:NX) Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new stake in Quanex Building Products Co. (NYSE:NX) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 23,196 shares of the construction company’s stock, valued at approximately $562,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its stake in Quanex Building Products by 35.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 37,107 shares of the construction company’s stock valued at $1,030,000 after purchasing an additional 9,619 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Quanex Building Products by 292.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,469 shares of the construction company’s stock valued at $2,289,000 after buying an additional 61,444 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Quanex Building Products in the third quarter valued at approximately $1,385,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Quanex Building Products by 26.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 669,270 shares of the construction company’s stock worth $18,572,000 after acquiring an additional 139,208 shares during the period. Finally, Loomis Sayles & Co. L P increased its holdings in shares of Quanex Building Products by 5.6% during the 3rd quarter. Loomis Sayles & Co. L P now owns 365,517 shares of the construction company’s stock worth $10,143,000 after acquiring an additional 19,361 shares during the last quarter. Institutional investors own 97.48% of the company’s stock.

Analysts Set New Price Targets

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

Quanex Building Products Stock Up 3.3 %

Quanex Building Products stock opened at $20.34 on Tuesday. The company’s 50-day moving average price is $21.18 and its two-hundred day moving average price is $25.53. 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 $960.33 million, a P/E ratio of 18.16, a P/E/G ratio of 0.68 and a beta of 1.33. Quanex Building Products Co. has a twelve month low of $18.14 and a twelve month high of $39.31.

Quanex Building Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, March 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.57%. Quanex Building Products’s dividend payout ratio (DPR) 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.