Lazard Asset Management LLC Increases Stock Holdings in Quanex Building Products Co. (NYSE:NX)

Lazard Asset Management LLC lifted its stake in Quanex Building Products Co. (NYSE:NX) by 3.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,300 shares of the construction company’s stock after buying an additional 997 shares during the quarter. Lazard Asset Management LLC owned about 0.06% of Quanex Building Products worth $710,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of NX. Principal Financial Group Inc. raised its position in shares of Quanex Building Products by 779.2% during the fourth quarter. Principal Financial Group Inc. now owns 1,956,454 shares of the construction company’s stock valued at $47,424,000 after buying an additional 1,733,932 shares during the last quarter. Pacer Advisors Inc. purchased a new position in shares of Quanex Building Products in the 4th quarter worth approximately $25,380,000. Deprince Race & Zollo Inc. raised its stake in shares of Quanex Building Products by 716.4% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,111,464 shares of the construction company’s stock valued at $26,942,000 after acquiring an additional 975,324 shares during the period. Balyasny Asset Management L.P. grew its stake in shares of Quanex Building Products by 442.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 891,457 shares of the construction company’s stock valued at $21,609,000 after buying an additional 727,125 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Quanex Building Products by 29.2% in the 4th quarter. Ameriprise Financial Inc. now owns 1,988,029 shares of the construction company’s stock worth $48,190,000 after buying an additional 449,646 shares during the period. Hedge funds and other institutional investors own 97.48% of the company’s stock.

Quanex Building Products Price Performance

Shares of NX stock opened at $18.37 on Wednesday. The company has a current ratio of 2.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. The stock has a fifty day simple moving average of $17.83 and a two-hundred day simple moving average of $22.32. Quanex Building Products Co. has a twelve month low of $15.30 and a twelve month high of $34.97. The stock has a market capitalization of $867.23 million, a price-to-earnings ratio of 16.40, a P/E/G ratio of 0.68 and a beta of 1.01.

Quanex Building Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Monday, March 17th. Quanex Building Products’s 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.