Janus Henderson Group PLC Sells 140,688 Shares of Quanex Building Products Co. (NYSE:NX)

Janus Henderson Group PLC cut its holdings in Quanex Building Products Co. (NYSE:NX) by 60.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 91,740 shares of the construction company’s stock after selling 140,688 shares during the quarter. Janus Henderson Group PLC owned approximately 0.19% of Quanex Building Products worth $2,224,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of NX. Sterling Capital Management LLC raised its holdings in Quanex Building Products by 833.6% in the fourth quarter. Sterling Capital Management LLC now owns 1,419 shares of the construction company’s stock worth $34,000 after purchasing an additional 1,267 shares during the period. Federated Hermes Inc. bought a new stake in shares of Quanex Building Products in the fourth quarter worth $44,000. KBC Group NV boosted its stake in shares of Quanex Building Products by 69.8% during the 4th quarter. KBC Group NV now owns 2,843 shares of the construction company’s stock worth $69,000 after buying an additional 1,169 shares during the last quarter. Assetmark Inc. grew its stake in Quanex Building Products by 805.8% in the fourth quarter. Assetmark Inc. now owns 6,060 shares of the construction company’s stock valued at $147,000 after purchasing an additional 5,391 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Quanex Building Products during the fourth quarter worth $195,000. 97.48% of the stock is owned by institutional investors.

Quanex Building Products Price Performance

NYSE:NX opened at $18.37 on Wednesday. The stock’s 50 day moving average price is $17.83 and its two-hundred day moving average price is $22.32. Quanex Building Products Co. has a 12-month low of $15.30 and a 12-month high of $34.97. The firm has a market capitalization of $867.23 million, a price-to-earnings ratio of 16.40, a P/E/G ratio of 0.68 and a beta of 1.01. The company has a quick ratio of 1.23, a current ratio of 2.24 and a debt-to-equity ratio of 0.73.

Quanex Building Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Monday, March 17th. Quanex Building Products’s dividend payout ratio is currently 52.46%.

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.