SG Capital Management LLC Acquires New Holdings in Quanex Building Products Co. (NYSE:NX)

SG Capital Management LLC purchased a new stake in Quanex Building Products Co. (NYSE:NX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 151,190 shares of the construction company's stock, valued at approximately $3,665,000. SG Capital Management LLC owned about 0.32% of Quanex Building Products as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Sterling Capital Management LLC grew its position in shares of 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 in the last quarter. Federated Hermes Inc. acquired a new position in shares of Quanex Building Products during the 4th quarter worth approximately $44,000. KBC Group NV grew its position in shares of 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 purchasing an additional 1,169 shares in the last quarter. Assetmark Inc. grew its position in shares of Quanex Building Products by 805.8% during the 4th quarter. Assetmark Inc. now owns 6,060 shares of the construction company's stock worth $147,000 after purchasing an additional 5,391 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Quanex Building Products during the 4th quarter worth approximately $195,000. Institutional investors and hedge funds own 97.48% of the company's stock.

Quanex Building Products Price Performance

Shares of NYSE NX traded down $0.30 during trading hours on Monday, hitting $18.50. 264,364 shares of the stock were exchanged, compared to its average volume of 494,597. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 2.24. The company has a market cap of $873.37 million, a PE ratio of 16.52, a price-to-earnings-growth ratio of 0.68 and a beta of 1.01. The company's fifty day simple moving average is $17.85 and its two-hundred day simple moving average is $22.35. Quanex Building Products Co. has a 1-year low of $15.30 and a 1-year high of $34.97.

Quanex Building Products Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors 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 dividend yield of 1.73%. Quanex Building Products's dividend payout ratio is 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.