Texas Permanent School Fund Corp Lowers Holdings in Quanex Building Products Co. (NYSE:NX)

Texas Permanent School Fund Corp lowered its position in shares of Quanex Building Products Co. (NYSE:NX) by 14.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,777 shares of the construction company’s stock after selling 4,195 shares during the period. Texas Permanent School Fund Corp owned about 0.07% of Quanex Building Products worth $685,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its position in Quanex Building Products by 2.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 15,564 shares of the construction company’s stock valued at $598,000 after acquiring an additional 304 shares in the last quarter. SummerHaven Investment Management LLC lifted its stake in shares of Quanex Building Products by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 28,452 shares of the construction company’s stock worth $787,000 after purchasing an additional 474 shares during the last quarter. Oliver Luxxe Assets LLC boosted its position in Quanex Building Products by 1.5% during the first quarter. Oliver Luxxe Assets LLC now owns 43,900 shares of the construction company’s stock valued at $1,687,000 after purchasing an additional 660 shares in the last quarter. TD Asset Management Inc grew its stake in Quanex Building Products by 3.4% in the second quarter. TD Asset Management Inc now owns 24,200 shares of the construction company’s stock valued at $669,000 after purchasing an additional 800 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC raised its holdings in Quanex Building Products by 1.7% in the second quarter. Linden Thomas Advisory Services LLC now owns 61,539 shares of the construction company’s stock worth $1,702,000 after purchasing an additional 1,000 shares in the last quarter. 97.48% of the stock is currently owned by institutional investors.

Quanex Building Products Trading Down 0.8 %

Quanex Building Products stock opened at $28.20 on Friday. Quanex Building Products Co. has a one year low of $24.85 and a one year high of $39.31. The stock has a market cap of $933.79 million, a PE ratio of 11.56, a price-to-earnings-growth ratio of 0.92 and a beta of 1.27. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.58 and a current ratio of 2.36. The stock has a 50-day moving average of $28.79 and a two-hundred day moving average of $31.56.

Quanex Building Products (NYSE:NX) last released its earnings results on Thursday, September 5th. The construction company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. Quanex Building Products had a net margin of 6.88% and a return on equity of 14.68%. The company had revenue of $280.35 million during the quarter, compared to analysts’ expectations of $278.00 million. During the same period last year, the business earned $0.97 EPS. On average, research analysts anticipate that Quanex Building Products Co. will post 2.15 EPS for the current fiscal year.

Quanex Building Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Monday, September 16th. Quanex Building Products’s payout ratio is 13.11%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on NX shares. StockNews.com cut shares of Quanex Building Products from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th. Benchmark restated a “buy” rating and issued a $38.00 target price on shares of Quanex Building Products in a research note on Wednesday, September 11th.

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.