Balyasny Asset Management L.P. Grows Stock Position in Quanex Building Products Co. (NYSE:NX)

Balyasny Asset Management L.P. grew its position in shares of Quanex Building Products Co. (NYSE:NX) by 442.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 891,457 shares of the construction company’s stock after purchasing an additional 727,125 shares during the period. Balyasny Asset Management L.P. owned approximately 1.89% of Quanex Building Products worth $21,609,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NX. Vanguard Group Inc. increased its holdings in Quanex Building Products by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 5,267,847 shares of the construction company’s stock worth $127,693,000 after purchasing an additional 51,142 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Quanex Building Products by 29.2% in the fourth quarter. Ameriprise Financial Inc. now owns 1,988,029 shares of the construction company’s stock worth $48,190,000 after buying an additional 449,646 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Quanex Building Products by 779.2% in the fourth quarter. Principal Financial Group Inc. now owns 1,956,454 shares of the construction company’s stock valued at $47,424,000 after acquiring an additional 1,733,932 shares in the last quarter. Geode Capital Management LLC boosted its stake in 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 valued at $25,533,000 after acquiring an additional 12,128 shares during the last quarter. Finally, Pacer Advisors Inc. acquired a new position in Quanex Building Products during the 4th quarter worth $25,380,000. 97.48% of the stock is owned by institutional investors and hedge funds.

Quanex Building Products Stock Performance

Shares of Quanex Building Products stock opened at $16.54 on Thursday. 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 Co. has a 1 year low of $15.30 and a 1 year high of $35.26. The firm’s 50-day simple moving average is $18.02 and its 200-day simple moving average is $23.07. The firm has a market cap of $780.84 million, a PE ratio of 14.77, a price-to-earnings-growth ratio of 0.68 and a beta of 1.01.

Quanex Building Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Monday, March 17th. Quanex Building Products’s dividend payout ratio is presently 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.