Vanguard Group (NX) discloses 8.98% beneficial stake in Quanex common stock
Rhea-AI Filing Summary
The Vanguard Group filed an amended Schedule 13G/A reporting its passive ownership in Quanex Building Products Corp. Vanguard reports beneficial ownership of 4,103,242 shares of Quanex common stock, representing 8.98% of the outstanding class.
Vanguard reports no sole voting or dispositive power over these shares, with shared voting power over 422,848 shares and shared dispositive power over 4,103,242 shares. The firm states the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of Quanex.
Vanguard also notes an internal realignment effective January 12, 2026, after which certain subsidiaries or business divisions that are deemed to have beneficial ownership may report on a disaggregated basis while pursuing the same investment strategies previously used by The Vanguard Group, Inc.
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