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

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

Several other institutional investors have also added to or reduced their stakes in the business. Bridgeway Capital Management LLC increased its position in shares of Quanex Building Products by 2.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 303,844 shares of the construction company's stock valued at $7,365,000 after buying an additional 8,646 shares during the period. Balyasny Asset Management L.P. boosted its holdings in shares of Quanex Building Products by 442.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 891,457 shares of the construction company's stock worth $21,609,000 after purchasing an additional 727,125 shares in the last quarter. Algert Global LLC bought a new position in shares of Quanex Building Products during the 4th quarter valued at about $213,000. Ameriprise Financial Inc. lifted its holdings in shares of Quanex Building Products by 29.2% in the 4th quarter. Ameriprise Financial Inc. now owns 1,988,029 shares of the construction company's stock worth $48,190,000 after acquiring an additional 449,646 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Quanex Building Products by 10.2% in the fourth quarter. Northern Trust Corp now owns 490,246 shares of the construction company's stock worth $11,884,000 after purchasing an additional 45,193 shares during the last quarter. 97.48% of the stock is owned by hedge funds and other institutional investors.

Quanex Building Products Stock Performance

NYSE:NX opened at $17.55 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 2.24. Quanex Building Products Co. has a fifty-two week low of $15.30 and a fifty-two week high of $35.92. The business has a 50 day moving average price of $18.13 and a 200-day moving average price of $23.16. The firm has a market cap of $828.28 million, a PE ratio of 15.67, a price-to-earnings-growth ratio of 0.68 and a beta of 1.01.

Quanex Building Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Monday, March 17th. Quanex Building Products's dividend payout ratio (DPR) is 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.

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