LPL Financial LLC Buys New Position in Quanex Building Products Co. (NYSE:NX)

LPL Financial LLC bought a new position in shares of Quanex Building Products Co. (NYSE:NX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 26,054 shares of the construction company's stock, valued at approximately $632,000. LPL Financial LLC owned 0.06% of Quanex Building Products as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. KBC Group NV grew its stake in Quanex Building Products by 69.8% in the fourth 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. grew its stake in Quanex Building Products by 805.8% in the fourth quarter. Assetmark Inc. now owns 6,060 shares of the construction company's stock valued at $147,000 after purchasing an additional 5,391 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Quanex Building Products during the 4th quarter worth about $195,000. EMC Capital Management boosted its stake in shares of Quanex Building Products by 96.3% during the 4th quarter. EMC Capital Management now owns 9,448 shares of the construction company's stock worth $229,000 after acquiring an additional 4,634 shares in the last quarter. Finally, Choreo LLC bought a new stake in shares of Quanex Building Products during the 4th quarter worth about $318,000. 97.48% of the stock is owned by institutional investors and hedge funds.

Quanex Building Products Stock Up 1.5 %

Shares of NX traded up $0.25 during trading hours on Tuesday, hitting $16.62. 349,706 shares of the company were exchanged, compared to its average volume of 484,420. The company has a market cap of $784.61 million, a PE ratio of 14.84, a PEG ratio of 0.68 and a beta of 1.08. The firm's 50 day moving average is $18.38 and its 200-day moving average is $23.56. Quanex Building Products Co. has a 52 week low of $15.30 and a 52 week high of $35.92. 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 Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.32 annualized dividend and a dividend yield of 1.93%. Quanex Building Products's dividend payout ratio (DPR) is presently 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.