Deutsche Bank AG Increases Holdings in Quanex Building Products Co. (NYSE:NX)

Deutsche Bank AG increased its holdings in Quanex Building Products Co. (NYSE:NX) by 54.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,859 shares of the construction company’s stock after buying an additional 12,628 shares during the period. Deutsche Bank AG owned 0.08% of Quanex Building Products worth $869,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in NX. Sterling Capital Management LLC grew its holdings in Quanex Building Products by 833.6% during the 4th quarter. Sterling Capital Management LLC now owns 1,419 shares of the construction company’s stock valued at $34,000 after buying an additional 1,267 shares in the last quarter. Federated Hermes Inc. bought a new stake in Quanex Building Products in the 4th quarter worth approximately $44,000. KBC Group NV increased its stake 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 worth $69,000 after purchasing an additional 1,169 shares during the period. Assetmark Inc. increased its stake in Quanex Building Products by 805.8% in the 4th quarter. Assetmark Inc. now owns 6,060 shares of the construction company’s stock worth $147,000 after purchasing an additional 5,391 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Quanex Building Products during the fourth quarter valued at approximately $195,000. Hedge funds and other institutional investors own 97.48% of the company’s stock.

Quanex Building Products Price Performance

Shares of NX stock opened at $17.39 on Tuesday. The stock has a market cap of $821.11 million, a price-to-earnings ratio of 15.53, a PEG ratio of 0.68 and a beta of 1.01. The business’s fifty day moving average is $17.64 and its 200 day moving average is $21.91. Quanex Building Products Co. has a twelve month low of $15.30 and a twelve month high of $34.97. 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 company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.32 annualized dividend and a yield of 1.84%. Quanex Building Products’s payout ratio is 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.