Aster Capital Management DIFC Ltd Increases Holdings in Quanex Building Products Co. (NYSE:NX)

Aster Capital Management DIFC Ltd boosted its holdings in Quanex Building Products Co. (NYSE:NX - Free Report) by 6,056.8% during the 4th quarter, according to 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 acquiring an additional 17,383 shares during the quarter. Aster Capital Management DIFC Ltd's holdings in Quanex Building Products were worth $428,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of Quanex Building Products by 30.5% during the third quarter. JPMorgan Chase & Co. now owns 318,044 shares of the construction company's stock valued at $8,826,000 after buying an additional 74,396 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Quanex Building Products by 28.8% during the 3rd quarter. Principal Financial Group Inc. now owns 222,522 shares of the construction company's stock valued at $6,175,000 after acquiring an additional 49,716 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Quanex Building Products by 37.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,040,987 shares of the construction company's stock valued at $28,894,000 after acquiring an additional 286,128 shares during the last quarter. Pacer Advisors Inc. bought a new stake in shares of Quanex Building Products in the fourth quarter worth approximately $25,380,000. Finally, Janus Henderson Group PLC raised its holdings in shares of Quanex Building Products by 318.9% during the third quarter. Janus Henderson Group PLC now owns 232,428 shares of the construction company's stock valued at $6,447,000 after purchasing an additional 176,949 shares during the last quarter. 97.48% of the stock is currently owned by hedge funds and other institutional investors.

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Quanex Building Products Stock Performance

NX stock traded up $0.03 during trading on Friday, reaching $17.46. The stock had a trading volume of 310,853 shares, compared to its average volume of 476,244. The firm has a market cap of $824.17 million, a PE ratio of 15.59, a PEG ratio of 0.68 and a beta of 1.08. The company has a current ratio of 2.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. The stock's 50 day moving average is $19.71 and its two-hundred day moving average is $24.50. Quanex Building Products Co. has a 52 week low of $15.53 and a 52 week high of $36.48.

Quanex Building Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Monday, March 17th. Quanex Building Products's payout ratio is 52.46%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Quanex Building Products from a "hold" rating to a "sell" rating in a research report 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.