State of New Jersey Common Pension Fund D Raises Position in Quanex Building Products Co. (NYSE:NX)

State of New Jersey Common Pension Fund D raised its position in Quanex Building Products Co. (NYSE:NX) by 1.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 70,230 shares of the construction company’s stock after buying an additional 1,019 shares during the period. State of New Jersey Common Pension Fund D owned about 0.15% of Quanex Building Products worth $1,702,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Louisiana State Employees Retirement System increased its position in shares of Quanex Building Products by 36.5% during the third quarter. Louisiana State Employees Retirement System now owns 22,800 shares of the construction company’s stock worth $633,000 after purchasing an additional 6,100 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Quanex Building Products by 38.7% during the third quarter. State of Alaska Department of Revenue now owns 26,964 shares of the construction company’s stock worth $748,000 after buying an additional 7,523 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Quanex Building Products by 4.1% in the third quarter. New York State Teachers Retirement System now owns 71,396 shares of the construction company’s stock valued at $1,981,000 after buying an additional 2,841 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Quanex Building Products by 10,450.0% in the third quarter. Farther Finance Advisors LLC now owns 2,110 shares of the construction company’s stock worth $59,000 after buying an additional 2,090 shares in the last quarter. Finally, Amalgamated Bank boosted its position in Quanex Building Products by 34.4% during the third quarter. Amalgamated Bank now owns 13,535 shares of the construction company’s stock worth $376,000 after acquiring an additional 3,468 shares during the last quarter. 97.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Quanex Building Products

In related news, CEO George Laverne Wilson acquired 4,328 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were acquired at an average price of $23.03 per share, with a total value of $99,673.84. Following the completion of the transaction, the chief executive officer now owns 287,644 shares of the company’s stock, valued at $6,624,441.32. The trade was a 1.53 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.15% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Quanex Building Products from a “hold” rating to a “sell” rating in a research note on Sunday, December 22nd.

Quanex Building Products Stock Up 0.8 %

Shares of NX opened at $20.51 on Wednesday. Quanex Building Products Co. has a 52-week low of $19.57 and a 52-week high of $39.31. The company has a quick ratio of 1.23, a current ratio of 2.24 and a debt-to-equity ratio of 0.73. The stock has a fifty day simple moving average of $22.79 and a two-hundred day simple moving average of $26.55. The company has a market capitalization of $968.02 million, a PE ratio of 18.31, a price-to-earnings-growth ratio of 0.68 and a beta of 1.28.

Quanex Building Products (NYSE:NX) last released its quarterly earnings data on Thursday, December 12th. The construction company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.08. Quanex Building Products had a net margin of 2.59% and a return on equity of 11.79%. During the same quarter in the previous year, the company earned $0.95 earnings per share. As a group, equities analysts forecast that Quanex Building Products Co. will post 2.18 EPS for the current year.

Quanex Building Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Monday, December 16th. Quanex Building Products’s dividend payout ratio (DPR) is 28.57%.

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.