Charles Schwab Investment Management Inc. Has $16.98 Million Stock Position in Quanex Building Products Co. (NYSE:NX)

Charles Schwab Investment Management Inc. grew its stake in Quanex Building Products Co. (NYSE:NX) by 4.7% during the 4th quarter, HoldingsChannel reports. The firm owned 700,618 shares of the construction company’s stock after acquiring an additional 31,348 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Quanex Building Products were worth $16,983,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Illinois Municipal Retirement Fund increased its position in shares of Quanex Building Products by 5.3% during the 4th quarter. Illinois Municipal Retirement Fund now owns 25,572 shares of the construction company’s stock worth $620,000 after purchasing an additional 1,279 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Quanex Building Products by 11.9% during the fourth quarter. Bank of New York Mellon Corp now owns 437,848 shares of the construction company’s stock worth $10,613,000 after buying an additional 46,635 shares in the last quarter. Impax Asset Management Group plc bought a new position in shares of Quanex Building Products in the fourth quarter valued at approximately $8,187,000. New York State Common Retirement Fund boosted its holdings in shares of Quanex Building Products by 16.8% in the 4th quarter. New York State Common Retirement Fund now owns 13,178 shares of the construction company’s stock worth $319,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Quanex Building Products by 779.2% during the 4th 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. 97.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Quanex Building Products Stock Up 0.3 %

Shares of NYSE:NX opened at $20.22 on Friday. Quanex Building Products Co. has a 12 month low of $18.14 and a 12 month high of $39.31. The company’s 50-day moving average price is $21.26 and its two-hundred day moving average price is $25.62. The firm has a market cap of $954.33 million, a P/E ratio of 18.05, a P/E/G ratio of 0.68 and a beta of 1.33. The company has a quick ratio of 1.23, a current ratio of 2.24 and a debt-to-equity ratio of 0.73.

Quanex Building Products Announces Dividend

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 $0.08 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.32 annualized dividend and a dividend yield of 1.58%. Quanex Building Products’s dividend payout ratio (DPR) is currently 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.