Algert Global LLC Buys New Shares in Quanex Building Products Co. (NYSE:NX)

Algert Global LLC purchased a new stake in Quanex Building Products Co. (NYSE:NX) in the fourth quarter, HoldingsChannel reports. The fund purchased 8,781 shares of the construction company’s stock, valued at approximately $213,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of NX. JPMorgan Chase & Co. raised its stake in shares of Quanex Building Products by 30.5% in the third quarter. JPMorgan Chase & Co. now owns 318,044 shares of the construction company’s stock valued at $8,826,000 after purchasing an additional 74,396 shares in the last quarter. Pacer Advisors Inc. bought a new stake in Quanex Building Products in the 4th quarter valued at $25,380,000. Barclays PLC raised its stake in shares of Quanex Building Products by 391.4% in the 3rd quarter. Barclays PLC now owns 83,794 shares of the construction company’s stock valued at $2,325,000 after buying an additional 66,742 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Quanex Building Products by 6.4% during the 3rd quarter. Franklin Resources Inc. now owns 19,203 shares of the construction company’s stock worth $562,000 after acquiring an additional 1,150 shares during the period. Finally, Hennessy Advisors Inc. lifted its holdings in shares of Quanex Building Products by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 272,618 shares of the construction company’s stock worth $6,608,000 after acquiring an additional 17,400 shares during the period. 97.48% of the stock is currently owned by institutional investors and hedge funds.

Quanex Building Products Stock Performance

NYSE NX opened at $18.85 on Wednesday. Quanex Building Products Co. has a twelve month low of $15.30 and a twelve month high of $35.25. The company has a quick ratio of 1.23, a current ratio of 2.24 and a debt-to-equity ratio of 0.73. The stock has a market cap of $889.89 million, a P/E ratio of 16.83, a PEG ratio of 0.68 and a beta of 1.01. The company’s 50-day simple moving average is $17.93 and its 200 day simple moving average is $22.70.

Quanex Building Products Announces Dividend

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