CastleKnight Management LP Purchases 16,500 Shares of Quanex Building Products Co. (NYSE:NX)

CastleKnight Management LP raised its position in Quanex Building Products Co. (NYSE:NX - Free Report) by 22.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 90,200 shares of the construction company's stock after buying an additional 16,500 shares during the period. CastleKnight Management LP owned 0.19% of Quanex Building Products worth $2,186,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of NX. Sterling Capital Management LLC raised its holdings in shares of Quanex Building Products by 833.6% in the 4th quarter. Sterling Capital Management LLC now owns 1,419 shares of the construction company's stock worth $34,000 after purchasing an additional 1,267 shares during the period. Federated Hermes Inc. bought a new position in shares of Quanex Building Products during the 4th quarter worth $44,000. KBC Group NV increased 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 worth $69,000 after acquiring an additional 1,169 shares during the last quarter. Assetmark Inc. raised its stake in Quanex Building Products by 805.8% in the 4th quarter. Assetmark Inc. now owns 6,060 shares of the construction company's stock valued at $147,000 after acquiring an additional 5,391 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in Quanex Building Products during the fourth quarter valued at about $195,000. Institutional investors own 97.48% of the company's stock.

Quanex Building Products Stock Performance

Shares of NX traded down $0.12 during trading hours on Friday, hitting $17.22. The company's stock had a trading volume of 269,234 shares, compared to its average volume of 491,382. The business has a 50 day simple moving average of $17.96 and a two-hundred day simple moving average of $22.85. Quanex Building Products Co. has a 52-week low of $15.30 and a 52-week high of $35.25. 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 company has a market cap of $812.94 million, a price-to-earnings ratio of 15.38, a PEG ratio of 0.68 and a beta of 1.01.

Quanex Building Products Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.32 annualized dividend and a yield of 1.86%. Quanex Building Products's payout ratio is presently 52.46%.

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.