Aster Capital Management DIFC Ltd Boosts Stock Position in Quanex Building Products Co. (NYSE:NX)

Aster Capital Management DIFC Ltd raised its position in Quanex Building Products Co. (NYSE:NX) by 6,056.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,670 shares of the construction company’s stock after purchasing an additional 17,383 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Quanex Building Products were worth $428,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Quanex Building Products by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 5,267,847 shares of the construction company’s stock valued at $127,693,000 after buying an additional 51,142 shares during the last quarter. Principal Financial Group Inc. grew its stake in Quanex Building Products by 779.2% in the 4th quarter. Principal Financial Group Inc. now owns 1,956,454 shares of the construction company’s stock worth $47,424,000 after acquiring an additional 1,733,932 shares during the period. State Street Corp raised its holdings in Quanex Building Products by 28.1% in the 3rd quarter. State Street Corp now owns 1,604,668 shares of the construction company’s stock valued at $44,530,000 after acquiring an additional 351,778 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Quanex Building Products by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 1,053,115 shares of the construction company’s stock worth $25,533,000 after purchasing an additional 12,128 shares during the period. Finally, Pacer Advisors Inc. acquired a new stake in shares of Quanex Building Products during the fourth quarter worth $25,380,000. 97.48% of the stock is owned by institutional investors and hedge funds.

Quanex Building Products Price Performance

NX opened at $17.60 on Monday. Quanex Building Products Co. has a 1 year low of $15.53 and a 1 year high of $38.98. The company’s 50 day simple moving average is $20.30 and its 200 day simple moving average is $24.97. The stock has a market capitalization of $830.88 million, a PE ratio of 15.71, 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 quick ratio of 1.23 and a current ratio of 2.24.

Quanex Building Products Announces Dividend

The business 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. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.32 annualized dividend and a dividend yield of 1.82%. Quanex Building Products’s dividend payout ratio is presently 52.46%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Quanex Building Products from a “hold” rating to a “sell” rating in a research note on Sunday, December 22nd.

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.