Allspring Global Investments Updates Quanex Building Products Stake

TL;DR

**Allspring Global Investments just updated their Quanex Building Products stake, showing continued institutional interest.**

AI Summary

Allspring Global Investments Holdings, LLC filed an amended SC 13G/A on January 12, 2024, indicating their ownership of Quanex Building Products CORP (NYSE: NX) as of December 31, 2023. This filing, Amendment No. 3, updates their previous disclosures regarding their stake in the company. This matters to investors because it provides transparency into significant institutional ownership, which can influence stock stability and investor confidence.

Why It Matters

This filing shows that a major institutional investor, Allspring Global Investments, continues to hold a significant position in Quanex Building Products, signaling their ongoing interest and confidence in the company.

Risk Assessment

Risk Level: low — This is a routine update on institutional ownership and does not inherently signal a significant risk or opportunity, but rather transparency.

Analyst Insight

Investors should note the continued institutional ownership by Allspring Global Investments, which can be a positive signal for stability, but should also review the full filing for specific changes in ownership percentage or intent, which are not detailed in this excerpt.

Key Players & Entities

• Allspring Global Investments Holdings, LLC (company) — the reporting person filing the SC 13G/A
• Quanex Building Products CORP (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 12, 2024 (date) — the filing date of the SC 13G/A
• 747619104 (number) — the CUSIP number for Quanex Building Products securities

FAQ

Filing Documents

• Quanex_20231231.htm (SC 13G/A) — 27KB
• 0001890906-24-000067.txt ( ) — 29KB

Ownership

Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: (i) AGIH: 3,563,601 (ii) AGI: 3,560,620 (ii) AFM: 2,488,365 (b) Percent of class: (i) AGIH: 10.80% (ii) AGI: 10.79% (ii) AFM: 8.74% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote (1) AGIH: 3,331,271 (2) AGI: 845,887 (3) AFM: 2,485,384 (ii) Shared power to vote or to direct the vote (1) AGIH: 0 (2) AGI: 0 (3) AFM: 0 (iii) Sole power to dispose or to direct the disposition of (1) AGIH: 3,563,601 (2) AGI: 3,560,620 (3) AFM: 2,981 (iv) Shared power to dispose or to direct the disposition of (1) AGIH: 0 (2) AGI: 0 (3) AFM: 0

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following[ ].

Ownership of More than Five Percent on Behalf of Another Person

Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. Not Applicable Item 8. Identification and Classification of Members of the Group Not applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group Not applicable.

Certification

Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. January 9, 2024 Date /s/ Amy Stueve Signature Amy Stueve, Designated Signer Name/Title Exhibit A EXPLANATORY NOTE Exhibit B JOINT FILING AGREEMENT The undersigned hereby agree as follows: (i) Each of them is individually eligible to use the Schedule 13G to which this Exhibit is attached, and such Schedule 13G is filed on behalf of each of them; and (ii) each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate. Date: January 9, 2024 Allspring Global Investments Holdings, LLC By: /s/ Amy Stueve Amy Stueve, Designated Signer Allspring Global Investments, LLC By: /s/ Amy Stueve Amy Stueve, Vice President Allspring Funds Management, LLC By: /s/ Amy Stueve Amy Stueve, Designated Signer Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)

View Full Filing

View this SC 13G/A filing on SEC EDGAR