Quanex Building Products Co. (NYSE:NX - Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $15.85 and last traded at $16.46, with a volume of 365453 shares trading hands. The stock had previously closed at $16.63.
Quanex Building Products Price Performance
The business has a 50-day simple moving average of $18.18 and a two-hundred day simple moving average of $23.30. The company has a quick ratio of 1.23, a current ratio of 2.24 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $861.56 million, a price-to-earnings ratio of 16.29, a P/E/G ratio of 0.68 and a beta of 1.01.
Quanex Building Products Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a dividend of $0.08 per share. The ex-dividend date was Monday, March 17th. This represents a $0.32 annualized dividend and a yield of 1.75%. Quanex Building Products's dividend payout ratio is currently 52.46%.
Institutional Investors Weigh In On Quanex Building Products
Several hedge funds and other institutional investors have recently bought and sold shares of NX. Principal Financial Group Inc. lifted its stake in Quanex Building Products by 779.2% during the fourth quarter. Principal Financial Group Inc. now owns 1,956,454 shares of the construction company's stock valued at $47,424,000 after purchasing an additional 1,733,932 shares during the last quarter. Pacer Advisors Inc. bought a new position in shares of Quanex Building Products in the fourth quarter valued at $25,380,000. Deprince Race & Zollo Inc. lifted its position in shares of Quanex Building Products by 716.4% during the 4th quarter. Deprince Race & Zollo Inc. now owns 1,111,464 shares of the construction company's stock valued at $26,942,000 after acquiring an additional 975,324 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of Quanex Building Products by 442.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 891,457 shares of the construction company's stock worth $21,609,000 after acquiring an additional 727,125 shares in the last quarter. Finally, Ameriprise Financial Inc. grew 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. 97.48% of the stock is currently owned by institutional investors.
About Quanex Building Products
(
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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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