Balyasny Asset Management L.P. Purchases 727,125 Shares of Quanex Building Products Co. (NYSE:NX)

Balyasny Asset Management L.P. increased its stake in shares of Quanex Building Products Co. (NYSE:NX - Free Report) by 442.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 891,457 shares of the construction company's stock after buying an additional 727,125 shares during the period. Balyasny Asset Management L.P. owned 1.89% of Quanex Building Products worth $21,609,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sterling Capital Management LLC lifted its holdings in shares of Quanex Building Products by 833.6% during the fourth quarter. Sterling Capital Management LLC now owns 1,419 shares of the construction company's stock worth $34,000 after buying an additional 1,267 shares in the last quarter. Federated Hermes Inc. acquired a new stake in Quanex Building Products in the 4th quarter worth about $44,000. KBC Group NV boosted its holdings in 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 during the period. Assetmark Inc. grew 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 in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Quanex Building Products during the fourth quarter worth approximately $195,000. Institutional investors and hedge funds own 97.48% of the company's stock.

Quanex Building Products Price Performance

Shares of NX stock traded down $0.12 during trading on Friday, hitting $17.22. The company had a trading volume of 269,234 shares, compared to its average volume of 489,821. The firm has a market capitalization of $812.94 million, a P/E ratio of 15.38, a price-to-earnings-growth ratio of 0.68 and a beta of 1.01. Quanex Building Products Co. has a one year low of $15.30 and a one year high of $35.26. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 2.24. The stock's 50-day moving average price is $17.96 and its 200 day moving average price is $22.85.

Quanex Building Products Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was 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.