LPL Financial LLC Purchases Shares of 26,054 Quanex Building Products Co. (NYSE:NX)

LPL Financial LLC purchased a new stake in shares of Quanex Building Products Co. (NYSE:NX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 26,054 shares of the construction company's stock, valued at approximately $632,000. LPL Financial LLC owned approximately 0.06% of Quanex Building Products at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. KBC Group NV raised its holdings in Quanex Building Products by 69.8% in the 4th quarter. KBC Group NV now owns 2,843 shares of the construction company's stock valued at $69,000 after acquiring an additional 1,169 shares in the last quarter. Assetmark Inc. lifted its position in 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 buying an additional 5,391 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Quanex Building Products during the fourth quarter valued at approximately $195,000. EMC Capital Management boosted its position in Quanex Building Products by 96.3% in the 4th quarter. EMC Capital Management now owns 9,448 shares of the construction company's stock valued at $229,000 after buying an additional 4,634 shares during the last quarter. Finally, Choreo LLC acquired a new stake in Quanex Building Products in the fourth quarter worth about $318,000. 97.48% of the stock is owned by institutional investors and hedge funds.

Quanex Building Products Trading Down 0.8 %

Shares of NX traded down $0.14 on Friday, reaching $16.46. 294,441 shares of the company's stock were exchanged, compared to its average volume of 484,136. The business has a 50 day moving average price of $18.56 and a two-hundred day moving average price of $23.72. The stock has a market capitalization of $777.06 million, a P/E ratio of 14.70, a price-to-earnings-growth ratio of 0.68 and a beta of 1.08. Quanex Building Products Co. has a 12 month low of $15.30 and a 12 month high of $35.92. The company has a current ratio of 2.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73.

Quanex Building Products Dividend Announcement

The business 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. The ex-dividend date was Monday, March 17th. This represents a $0.32 dividend on an annualized basis and a yield of 1.94%. Quanex Building Products's dividend payout ratio is presently 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.