Royce & Associates LP Purchases 34,531 Shares of Quanex Building Products Co. (NYSE:NX)

Royce & Associates LP grew its position in Quanex Building Products Co. (NYSE:NX) by 6.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 563,017 shares of the construction company’s stock after buying an additional 34,531 shares during the period. Royce & Associates LP’s holdings in Quanex Building Products were worth $13,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of NX. Quarry LP lifted its stake in shares of Quanex Building Products by 150.8% during the 3rd quarter. Quarry LP now owns 1,126 shares of the construction company’s stock worth $31,000 after buying an additional 677 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Quanex Building Products during the 3rd quarter worth about $37,000. Public Employees Retirement System of Ohio lifted its stake in shares of Quanex Building Products by 69.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,477 shares of the construction company’s stock worth $41,000 after buying an additional 605 shares during the last quarter. KBC Group NV lifted its stake in shares of Quanex Building Products by 69.8% during the 4th quarter. KBC Group NV now owns 2,843 shares of the construction company’s stock worth $69,000 after buying an additional 1,169 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in shares of Quanex Building Products during the 3rd quarter worth about $75,000. Institutional investors own 97.48% of the company’s stock.

Quanex Building Products Price Performance

Shares of Quanex Building Products stock opened at $19.86 on Tuesday. Quanex Building Products Co. has a twelve month low of $18.14 and a twelve month high of $39.31. 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 company has a 50-day simple moving average of $21.42 and a two-hundred day simple moving average of $25.75. The stock has a market capitalization of $937.38 million, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 0.68 and a beta of 1.33.

Quanex Building Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.61%. The ex-dividend date is Monday, March 17th. Quanex Building Products’s dividend payout ratio (DPR) is 52.46%.

Insiders Place Their Bets

In other news, CEO George Laverne Wilson bought 4,328 shares of the firm’s stock in a transaction on Thursday, December 19th. The shares were purchased at an average cost of $23.03 per share, with a total value of $99,673.84. Following the acquisition, the chief executive officer now directly owns 287,644 shares in the company, valued at $6,624,441.32. This represents a 1.53 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.15% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Quanex Building Products from a “hold” rating to a “sell” rating in a research note on Sunday, December 22nd.

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.