Aster Capital Management DIFC Ltd Grows Stock Holdings in Quanex Building Products Co. (NYSE:NX)

Aster Capital Management DIFC Ltd grew its holdings in Quanex Building Products Co. (NYSE:NX) by 6,056.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 17,670 shares of the construction company’s stock after purchasing an additional 17,383 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in Quanex Building Products were worth $428,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in NX. Quarry LP raised its position in Quanex Building Products by 150.8% in the third quarter. Quarry LP now owns 1,126 shares of the construction company’s stock valued at $31,000 after purchasing an additional 677 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Quanex Building Products by 69.4% in the third quarter. Public Employees Retirement System of Ohio now owns 1,477 shares of the construction company’s stock valued at $41,000 after buying an additional 605 shares in the last quarter. KBC Group NV raised its holdings 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 valued at $69,000 after buying an additional 1,169 shares during the period. Point72 DIFC Ltd acquired a new position in Quanex Building Products during the 3rd quarter worth approximately $75,000. Finally, Point72 Asset Management L.P. purchased a new position in Quanex Building Products in the 3rd quarter worth approximately $132,000. Institutional investors and hedge funds own 97.48% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Quanex Building Products Stock Performance

NYSE:NX opened at $17.60 on Monday. The firm has a 50-day moving average of $20.30 and a two-hundred day moving average of $24.97. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.24 and a quick ratio of 1.23. The stock has a market cap of $830.88 million, a P/E ratio of 15.71, a PEG ratio of 0.68 and a beta of 1.08. Quanex Building Products Co. has a 1-year low of $15.53 and a 1-year high of $38.98.

Quanex Building Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.32 dividend on an annualized basis and a yield of 1.82%. Quanex Building Products’s dividend payout ratio (DPR) is presently 52.46%.

About Quanex Building Products

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.