Quanex Building Products Co. (NYSE:NX) Stock Position Lifted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Quanex Building Products Co. (NYSE:NX) by 12.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,573 shares of the construction company’s stock after acquiring an additional 7,805 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.15% of Quanex Building Products worth $1,686,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC raised its stake in shares of Quanex Building Products by 391.4% during the third quarter. Barclays PLC now owns 83,794 shares of the construction company’s stock valued at $2,325,000 after purchasing an additional 66,742 shares in the last quarter. Vanguard Group Inc. increased its stake 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 valued at $127,693,000 after buying an additional 51,142 shares during the period. Deutsche Bank AG raised its position in shares of Quanex Building Products by 54.4% during the 4th quarter. Deutsche Bank AG now owns 35,859 shares of the construction company’s stock worth $869,000 after buying an additional 12,628 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Quanex Building Products in the 4th quarter worth approximately $195,000. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Quanex Building Products by 4.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 23,598 shares of the construction company’s stock worth $572,000 after acquiring an additional 1,048 shares during the period. 97.48% of the stock is owned by institutional investors and hedge funds.

Quanex Building Products Price Performance

NYSE NX opened at $18.98 on Monday. 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 $896.03 million, a PE ratio of 16.95, a P/E/G ratio of 0.68 and a beta of 1.01. The company’s 50 day simple moving average is $17.25 and its 200 day simple moving average is $21.09. 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 (NYSE:NX) last announced its quarterly earnings data on Thursday, June 5th. The construction company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.12. The company had revenue of $452.48 million for the quarter, compared to analysts’ expectations of $440.05 million. Quanex Building Products had a net margin of 2.59% and a return on equity of 11.79%. As a group, equities research analysts forecast that Quanex Building Products Co. will post 2.18 EPS for the current fiscal year.

Quanex Building Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Monday, June 16th. Quanex Building Products’s payout ratio is presently 54.24%.

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.