Quanex Building Products Co. (NYSE:NX) Short Interest Update

Quanex Building Products Co. (NYSE:NX - Get Free Report) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 2,350,000 shares, a drop of 19.0% from the March 15th total of 2,900,000 shares. Currently, 5.1% of the company's shares are short sold. Based on an average trading volume of 507,900 shares, the days-to-cover ratio is presently 4.6 days.

Institutional Investors Weigh In On Quanex Building Products

Large investors have recently made changes to their positions in the business. Sterling Capital Management LLC boosted its position in Quanex Building Products by 833.6% during 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. Public Employees Retirement System of Ohio grew its stake in shares of Quanex Building Products by 69.4% in the third quarter. Public Employees Retirement System of Ohio now owns 1,477 shares of the construction company's stock valued at $41,000 after buying an additional 605 shares in the last quarter. Federated Hermes Inc. purchased a new stake in shares of Quanex Building Products during the 4th quarter valued at about $44,000. GAMMA Investing LLC lifted its position in Quanex Building Products by 106.5% during the 1st quarter. GAMMA Investing LLC now owns 2,618 shares of the construction company's stock worth $49,000 after acquiring an additional 1,350 shares in the last quarter. Finally, KBC Group NV lifted its position in Quanex Building Products by 69.8% during 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 in the last quarter. Institutional investors and hedge funds own 97.48% of the company's stock.

Quanex Building Products Trading Down 0.8 %

NX stock traded down $0.14 during trading on Friday, reaching $16.46. 294,441 shares of the stock traded hands, compared to its average volume of 482,858. The firm has a market capitalization of $777.06 million, a PE ratio of 14.70, a P/E/G ratio of 0.68 and a beta of 1.08. 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 business's 50 day moving average price is $18.56 and its 200-day moving average price is $23.75. Quanex Building Products has a 52-week low of $15.30 and a 52-week high of $35.92.

Quanex Building Products Announces Dividend

The firm also recently declared 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 was Monday, March 17th. This represents a $0.32 dividend on an annualized basis and a yield of 1.94%. Quanex Building Products's dividend payout ratio (DPR) is 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.