Arizona State Retirement System Sells 1,229 Shares of Quanex Building Products Co. (NYSE:NX)

Arizona State Retirement System decreased its position in shares of Quanex Building Products Co. (NYSE:NX) by 9.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 12,343 shares of the construction company’s stock after selling 1,229 shares during the quarter. Arizona State Retirement System’s holdings in Quanex Building Products were worth $299,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its stake in Quanex Building Products by 38.7% in the 3rd quarter. Victory Capital Management Inc. now owns 115,210 shares of the construction company’s stock valued at $3,197,000 after buying an additional 32,158 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Quanex Building Products by 30.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 318,044 shares of the construction company’s stock valued at $8,826,000 after purchasing an additional 74,396 shares during the period. Principal Financial Group Inc. lifted its holdings in Quanex Building Products by 28.8% during the 3rd quarter. Principal Financial Group Inc. now owns 222,522 shares of the construction company’s stock worth $6,175,000 after purchasing an additional 49,716 shares in the last quarter. Geode Capital Management LLC boosted its stake in Quanex Building Products by 37.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,040,987 shares of the construction company’s stock worth $28,894,000 after purchasing an additional 286,128 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Quanex Building Products by 292.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,469 shares of the construction company’s stock valued at $2,289,000 after buying an additional 61,444 shares in the last quarter. Hedge funds and other institutional investors own 97.48% of the company’s stock.

Insider Transactions at Quanex Building Products

In other news, CEO George Laverne Wilson acquired 4,328 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was purchased at an average cost of $23.03 per share, for a total transaction of $99,673.84. Following the acquisition, the chief executive officer now owns 287,644 shares of the company’s stock, valued at $6,624,441.32. This trade represents a 1.53 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.15% of the company’s stock.

Quanex Building Products Trading Up 3.0 %

Shares of NX stock opened at $19.71 on Friday. Quanex Building Products Co. has a 52-week low of $18.14 and a 52-week high of $39.31. The business’s fifty day moving average is $21.49 and its 200 day moving average is $25.81. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 2.24. The company has a market capitalization of $930.25 million, a PE ratio of 17.59, a price-to-earnings-growth ratio of 0.68 and a beta of 1.33.

Quanex Building Products (NYSE:NX) last issued its quarterly earnings results on Thursday, December 12th. The construction company reported $0.61 earnings per share (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 quarter in the prior year, the firm posted $0.95 earnings per share. On average, equities research analysts anticipate that Quanex Building Products Co. will post 2.18 EPS for the current fiscal year.

Quanex Building Products Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.32 dividend on an annualized basis and a yield of 1.62%. Quanex Building Products’s dividend payout ratio is presently 52.46%.

Analyst Upgrades and Downgrades

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.

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.