Quanex Building Products Co. (NYSE:NX) Holdings Raised by New York State Common Retirement Fund

New York State Common Retirement Fund increased its stake in Quanex Building Products Co. (NYSE:NX) by 16.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,178 shares of the construction company’s stock after purchasing an additional 1,900 shares during the quarter. New York State Common Retirement Fund’s holdings in Quanex Building Products were worth $319,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quarry LP lifted its holdings in shares of Quanex Building Products by 150.8% in the third quarter. Quarry LP now owns 1,126 shares of the construction company’s stock valued at $31,000 after purchasing an additional 677 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Quanex Building Products during the third quarter valued at $37,000. Public Employees Retirement System of Ohio lifted its stake in Quanex Building Products by 69.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,477 shares of the construction company’s stock worth $41,000 after acquiring an additional 605 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Quanex Building Products by 10,450.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,110 shares of the construction company’s stock worth $59,000 after acquiring an additional 2,090 shares during the period. Finally, Point72 DIFC Ltd purchased a new position in Quanex Building Products during the 3rd quarter valued at about $75,000. Institutional investors and hedge funds own 97.48% of the company’s stock.

Insiders Place Their Bets

In related news, CEO George Laverne Wilson purchased 4,328 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was bought at an average price of $23.03 per share, for a total transaction of $99,673.84. Following the purchase, the chief executive officer now owns 287,644 shares in the company, valued at $6,624,441.32. The trade was a 1.53 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.15% of the company’s stock.

Quanex Building Products Trading Down 1.2 %

Quanex Building Products stock opened at $18.66 on Wednesday. Quanex Building Products Co. has a 12 month low of $18.14 and a 12 month 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 market cap of $881.01 million, a P/E ratio of 16.66, a P/E/G ratio of 0.68 and a beta of 1.28. The company’s fifty day simple moving average is $22.26 and its 200-day simple moving average is $26.28.

Quanex Building Products (NYSE:NX) last issued its earnings results on Thursday, December 12th. The construction company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.08. Quanex Building Products had a return on equity of 11.79% and a net margin of 2.59%. During the same period in the prior year, the company earned $0.95 EPS. As a group, sell-side analysts forecast that Quanex Building Products Co. will post 2.18 EPS for the current fiscal year.

Quanex Building Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Monday, March 17th. Quanex Building Products’s dividend payout ratio (DPR) is presently 28.57%.

Wall Street Analyst Weigh In

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

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.