ExodusPoint Capital Management LP Boosts Stake in Quanex Building Products Co. (NYSE:NX)

ExodusPoint Capital Management LP increased its stake in shares of Quanex Building Products Co. (NYSE:NX - Free Report) by 301.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 140,986 shares of the construction company's stock after purchasing an additional 105,907 shares during the period. ExodusPoint Capital Management LP owned 0.30% of Quanex Building Products worth $3,418,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC lifted its position in shares of Quanex Building Products by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 1,053,115 shares of the construction company's stock valued at $25,533,000 after acquiring an additional 12,128 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Quanex Building Products by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 5,267,847 shares of the construction company's stock valued at $127,693,000 after purchasing an additional 51,142 shares in the last quarter. LPL Financial LLC acquired a new stake in Quanex Building Products during the 4th quarter worth $632,000. Fox Run Management L.L.C. purchased a new stake in shares of Quanex Building Products during the fourth quarter worth $562,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Quanex Building Products in the fourth quarter valued at about $195,000. 97.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Quanex Building Products from a "hold" rating to a "sell" rating in a research report on Sunday, December 22nd.

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Quanex Building Products Trading Up 0.2 %

Quanex Building Products stock traded up $0.03 during trading on Friday, reaching $17.46. 310,853 shares of the company were exchanged, compared to its average volume of 476,244. The stock's 50 day simple moving average is $19.71 and its two-hundred day simple moving average is $24.50. The company has a market capitalization of $824.17 million, a P/E ratio of 15.59, a PEG ratio of 0.68 and a beta of 1.08. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.24 and a quick ratio of 1.23. 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 company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.08 per share. The ex-dividend date was Monday, March 17th. This represents a $0.32 annualized dividend and a dividend yield of 1.83%. Quanex Building Products's payout ratio is 52.46%.

About Quanex Building Products

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.