Quanex Building Products Co. (NYSE:NX) Shares Purchased by Systematic Financial Management LP

Systematic Financial Management LP boosted its holdings in Quanex Building Products Co. (NYSE:NX) by 2.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,050,230 shares of the construction company’s stock after buying an additional 28,228 shares during the period. Systematic Financial Management LP’s holdings in Quanex Building Products were worth $25,458,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NX. Sterling Capital Management LLC grew its stake in Quanex Building Products by 833.6% during the 4th quarter. Sterling Capital Management LLC now owns 1,419 shares of the construction company’s stock valued at $34,000 after purchasing an additional 1,267 shares in the last quarter. Federated Hermes Inc. bought a new stake in shares of Quanex Building Products in the 4th quarter worth $44,000. KBC Group NV raised its position in shares of Quanex Building Products by 69.8% during the fourth quarter. KBC Group NV now owns 2,843 shares of the construction company’s stock worth $69,000 after purchasing an additional 1,169 shares during the period. Assetmark Inc. raised its position in shares of Quanex Building Products by 805.8% during the fourth quarter. Assetmark Inc. now owns 6,060 shares of the construction company’s stock worth $147,000 after purchasing an additional 5,391 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Quanex Building Products during the fourth quarter valued at $195,000. 97.48% of the stock is currently owned by hedge funds and other institutional investors.

Quanex Building Products Stock Performance

Shares of NX stock opened at $18.82 on Friday. The stock’s fifty day simple moving average is $17.85 and its 200-day simple moving average is $22.51. The company has a current ratio of 2.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. Quanex Building Products Co. has a 1-year low of $15.30 and a 1-year high of $34.97. The company has a market capitalization of $888.47 million, a price-to-earnings ratio of 16.80, a P/E/G ratio of 0.68 and a beta of 1.01.

Quanex Building Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.08 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.70%. Quanex Building Products’s dividend payout ratio 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.