Quanex Building Products Co. (NYSE:NX) Stock Holdings Increased by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its stake in Quanex Building Products Co. (NYSE:NX - Free Report) by 318.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 232,428 shares of the construction company's stock after buying an additional 176,949 shares during the period. Janus Henderson Group PLC owned 0.49% of Quanex Building Products worth $6,447,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NX. Price T Rowe Associates Inc. MD grew its position in Quanex Building Products by 14.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,440 shares of the construction company's stock valued at $363,000 after buying an additional 1,171 shares in the last quarter. NorthCrest Asset Manangement LLC bought a new position in Quanex Building Products in the 2nd quarter valued at about $270,000. Summit Global Investments boosted its position in shares of Quanex Building Products by 17.5% during the 2nd quarter. Summit Global Investments now owns 26,567 shares of the construction company's stock valued at $735,000 after purchasing an additional 3,953 shares in the last quarter. Hennessy Advisors Inc. bought a new position in shares of Quanex Building Products during the 2nd quarter valued at about $6,263,000. Finally, SummerHaven Investment Management LLC boosted its position in shares of Quanex Building Products by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 28,452 shares of the construction company's stock valued at $787,000 after purchasing an additional 474 shares in the last quarter. Institutional investors own 97.48% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on NX. StockNews.com upgraded shares of Quanex Building Products from a "hold" rating to a "buy" rating in a research report on Friday. Benchmark restated a "buy" rating and set a $38.00 price objective on shares of Quanex Building Products in a research report on Wednesday, September 11th.

Quanex Building Products Price Performance

Shares of NYSE:NX traded down $0.55 during trading hours on Tuesday, hitting $28.87. 251,972 shares of the company's stock traded hands, compared to its average volume of 351,043. Quanex Building Products Co. has a 52 week low of $24.85 and a 52 week high of $39.31. The company's fifty day simple moving average is $29.51 and its two-hundred day simple moving average is $29.06. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 12.83, a price-to-earnings-growth ratio of 0.92 and a beta of 1.25. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.58 and a current ratio of 2.36.

Quanex Building Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Monday, December 16th. Quanex Building Products's payout ratio is 14.22%.

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.