SG Capital Management LLC Makes New $3.67 Million Investment in Quanex Building Products Co. (NYSE:NX)

SG Capital Management LLC acquired a new stake in Quanex Building Products Co. (NYSE:NX) in the 4th quarter, HoldingsChannel reports. The fund acquired 151,190 shares of the construction company’s stock, valued at approximately $3,665,000.

Other hedge funds also recently added to or reduced their stakes in the company. Sterling Capital Management LLC raised its holdings in Quanex Building Products by 833.6% in the fourth quarter. Sterling Capital Management LLC now owns 1,419 shares of the construction company’s stock valued at $34,000 after acquiring an additional 1,267 shares in the last quarter. Federated Hermes Inc. acquired a new stake in shares of Quanex Building Products in the 4th quarter valued at $44,000. KBC Group NV raised its holdings in shares of Quanex Building Products by 69.8% in the 4th 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. Assetmark Inc. lifted its position in shares of Quanex Building Products by 805.8% during the 4th quarter. Assetmark Inc. now owns 6,060 shares of the construction company’s stock worth $147,000 after purchasing an additional 5,391 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Quanex Building Products during the fourth quarter worth $195,000. 97.48% of the stock is currently owned by institutional investors and hedge funds.

Quanex Building Products Stock Performance

NYSE:NX opened at $18.43 on Friday. Quanex Building Products Co. has a 12 month low of $15.30 and a 12 month high of $34.97. 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 firm has a market capitalization of $870.06 million, a PE ratio of 16.46, a price-to-earnings-growth ratio of 0.68 and a beta of 1.01. The business’s fifty day moving average price is $17.85 and its 200 day moving average price is $22.59.

Quanex Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Monday, March 17th. 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.