UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
QUANEX BUILDING PRODUCTS CORP.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
747619104
(CUSIP Number)
December 31, 2011
(Date of Event which Requires Filing of Statement)
Check the appropriate box to designate the Rule pursuant
to which this Schedule is filed:
[x] Rule 13d - 1(b)
Rule 13d - 1(c)
Rule 13d - 1(d)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing
information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this page shall
not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or
otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however,
see the Notes.)
(Continued on following page(s)
Page 1 of 5 Pages
CUSIP NO. 747619104 13G Page 2 of 5 Pages
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above
Person
T. ROWE PRICE ASSOCIATES, INC.
52-0556948
2 Check the Appropriate Box if a Member of a Group*
(a) ____
NOT APPLICABLE (b) ____
3 SEC Use Only
______________________________
4 Citizenship or Place of
Organization
MARYLAND
Number of 5 Sole Voting Power
**
Shares 663,750
Beneficially 6 Shared Voting Power
**
Owned By Each -0-
Reporting 7 Sole Dispositive Power
**
Person 3,626,090
With 8 Shared Dispositive Power
-0-
9 Aggregate Amount Beneficially
Owned by Each Reporting Person
3,626,090
10 Check Box if the Aggregate
Amount in Row (9) Excludes Certain Shares*
NOT APPLICABLE
11 Percent of Class Represented by Amount in Row 9
9.8
12 Type of Reporting Person*
IA
*SEE INSTRUCTION BEFORE FILLING OUT!
**Any shares reported in Items 5 and 6 are also
reported in Item 7.
SCHEDULE 13G
PAGE 3 OF 5
Item 1(a) Name of Issuer:
Reference is made to page 1 of this Schedule
13G
Item 1(b) Address of Issuer's Principal Executive Offices:
1900 WEST LOOP SOUTH, STE
1500, HOUSTON,
TX
77027
Item 2(a) Name of Person(s) Filing:
(1) T. Rowe Price Associates,
Inc. ("Price Associates")
(2) _______________________________________
_____ Attached as Exhibit
A is a copy of an agreement between the Persons Filing (as specified hereinabove) that this Schedule 13G is being filed on behalf
of each of them.
Item 2(b) Address of Principal Business Office:
100 E. Pratt Street, Baltimore, Maryland
21202
Item 2(c) Citizenship or Place of Organization:
(1) Maryland
(2) ________
Item 2(d) Title of Class of Securities:
Reference is made to page 1 of this Schedule
13G
Item 2(e) CUSIP Number: 747619104
Item 3 The person filing this Schedule 13G is an:
X Investment Adviser registered
under Section 203 of the Investment Advisers Act of 1940
_____ Investment Company registered
under Section 8 of the Investment Company Act of 1940
Item 4 Reference is made to
Items 5-11 on page 2 of this Schedule 13G.
SCHEDULE 13G
PAGE 4 OF 5
Item 5 Ownership of Five Percent or Less of a Class.
X Not Applicable.
This statement is being filed
to report the fact that, as of the date of this report, the reporting person(s) has (have) ceased to be the beneficial owner of
more than five percent of the class of securities.
Item 6 Ownership of More than
Five Percent on Behalf of Another Person
(1) Price Associates does not
serve as custodian of the assets of any of its clients; accordingly, in each instance only the client or the client's custodian
or trustee bank has the right to receive dividends paid with respect to, and proceeds from the sale of, such securities.
The ultimate power to direct the receipt of dividends
paid with respect to, and the proceeds from the sale of, such securities, is vested in the individual and institutional clients
which Price Associates serves as investment adviser. Any and all discretionary authority which has been delegated to Price Associates
may be revoked in whole or in part at any time.
Except as may be indicated if this is a joint filing
with one of the registered investment companies sponsored by Price Associates which it also serves as investment adviser ("T.
Rowe Price Funds"), not more than 5% of the class of such securities is owned by any one client subject to the investment
advice of Price Associates.
(2) With respect to securities
owned by any one of the T. Rowe Price Funds, only State Street Bank and Trust Company, as custodian for each of such Funds, has
the right to receive dividends paid with respect to, and proceeds from the sale of, such securities. No other person is known to
have such right, except that the shareholders of each such Fund participate proportionately in any dividends and distributions
so paid.
Item 7 Identification and
Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
Not Applicable.
Item 8 Identification and
Classification of Members of the Group.
Not Applicable.
SCHEDULE 13G
PAGE 5 OF 5
Item 9 Notice of Dissolution of Group.
Not Applicable.
Item 10 Certification.
By signing below I (we) certify that, to the best of
my (our) knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired
for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having such purpose or effect. T. Rowe Price Associates,
Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Associates is
the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.
Signature.
After reasonable inquiry and to the best of my (our)
knowledge and belief, I (we) certify that the information set forth in this statement is true, complete and correct.
Dated: February 14, 2012
T. ROWE PRICE ASSOCIATES, INC.
By: /s/ David Oestreicher
David Oestreicher, Vice President
Note: This Schedule 13G, including
all exhibits, must be filed with the Securities and Exchange Commission, and a copy hereof must be sent to the issuer by registered
or certified mail not later than February 14th following the calendar year covered by the statement or within the time specified
in Rule 13d-1(b)(2), if applicable.
12/31/2011
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