Fox Run Management L.L.C. Takes Position in Quanex Building Products Co. (NYSE:NX)

Fox Run Management L.L.C. purchased a new position in Quanex Building Products Co. (NYSE:NX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,196 shares of the construction company’s stock, valued at approximately $562,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NX. Quarry LP increased its holdings in Quanex Building Products by 150.8% in the 3rd quarter. Quarry LP now owns 1,126 shares of the construction company’s stock valued at $31,000 after buying an additional 677 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Quanex Building Products during the 3rd quarter worth approximately $37,000. Public Employees Retirement System of Ohio increased its stake in 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 acquiring an additional 605 shares during the last quarter. KBC Group NV raised its position in Quanex Building Products by 69.8% during the fourth quarter. KBC Group NV now owns 2,843 shares of the construction company’s stock valued at $69,000 after purchasing an additional 1,169 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new stake in Quanex Building Products during the third quarter worth $75,000. Institutional investors and hedge funds own 97.48% of the company’s stock.

Quanex Building Products Trading Up 3.3 %

NX opened at $20.34 on Tuesday. The company’s 50 day moving average is $21.18 and its 200-day moving average is $25.53. The company has a market cap of $960.33 million, a P/E ratio of 18.16, a PEG ratio of 0.68 and a beta of 1.33. Quanex Building Products Co. has a 1-year low of $18.14 and a 1-year high of $39.31. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.32 annualized dividend and a dividend yield of 1.57%. Quanex Building Products’s dividend payout ratio (DPR) is presently 52.46%.

Analyst Ratings Changes

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

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.