Royce & Associates LP Has $13.65 Million Position in Quanex Building Products Co. (NYSE:NX)

Royce & Associates LP boosted its holdings in Quanex Building Products Co. (NYSE:NX) by 6.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 563,017 shares of the construction company’s stock after buying an additional 34,531 shares during the period. Royce & Associates LP owned approximately 1.19% of Quanex Building Products worth $13,648,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Quarry LP raised its holdings in Quanex Building Products by 150.8% in the third quarter. Quarry LP now owns 1,126 shares of the construction company’s stock worth $31,000 after purchasing an additional 677 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Quanex Building Products in the third quarter worth $37,000. Public Employees Retirement System of Ohio increased its position in shares of Quanex Building Products by 69.4% during the third quarter. Public Employees Retirement System of Ohio now owns 1,477 shares of the construction company’s stock worth $41,000 after acquiring an additional 605 shares in the last quarter. KBC Group NV increased its position in shares of Quanex Building Products by 69.8% during the fourth quarter. KBC Group NV now owns 2,843 shares of the construction company’s stock worth $69,000 after acquiring an additional 1,169 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new stake in shares of Quanex Building Products during the third quarter worth $75,000. 97.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Activity at Quanex Building Products

In other Quanex Building Products news, CEO George Laverne Wilson bought 4,328 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average price of $23.03 per share, with a total value of $99,673.84. Following the completion of the transaction, the chief executive officer now owns 287,644 shares in the company, valued at approximately $6,624,441.32. This trade represents a 1.53 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.15% of the stock is owned by insiders.

Quanex Building Products Stock Up 0.6 %

Shares of NX stock opened at $19.86 on Tuesday. The firm has a fifty day moving average of $21.42 and a 200-day moving average of $25.75. The company has a quick ratio of 1.23, a current ratio of 2.24 and a debt-to-equity ratio of 0.73. Quanex Building Products Co. has a 12-month low of $18.14 and a 12-month high of $39.31. The company has a market capitalization of $937.38 million, a price-to-earnings ratio of 17.73, a P/E/G ratio of 0.68 and a beta of 1.33.

Quanex Building Products Announces Dividend

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

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.