New York State Teachers Retirement System Decreases Holdings in Quanex Building Products Co. (NYSE:NX)

New York State Teachers Retirement System lowered its position in Quanex Building Products Co. (NYSE:NX) by 6.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,988 shares of the construction company’s stock after selling 4,408 shares during the quarter. New York State Teachers Retirement System owned approximately 0.14% of Quanex Building Products worth $1,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Victory Capital Management Inc. boosted its holdings in Quanex Building Products by 38.7% during the 3rd quarter. Victory Capital Management Inc. now owns 115,210 shares of the construction company’s stock valued at $3,197,000 after acquiring an additional 32,158 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Quanex Building Products by 30.5% during the third 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. increased its stake in shares of Quanex Building Products by 28.8% in the third quarter. Principal Financial Group Inc. now owns 222,522 shares of the construction company’s stock worth $6,175,000 after buying an additional 49,716 shares during the period. Geode Capital Management LLC raised its holdings in Quanex Building Products by 37.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,040,987 shares of the construction company’s stock valued at $28,894,000 after buying an additional 286,128 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position 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 during the period. 97.48% of the stock is currently owned by institutional investors.

Quanex Building Products Stock Down 1.9 %

Shares of NX stock opened at $20.34 on Friday. The company has a 50 day simple moving average of $23.05 and a two-hundred day simple moving average of $26.65. The stock has a market cap of $960.20 million, a P/E ratio of 18.16, a P/E/G ratio of 0.68 and a beta of 1.28. Quanex Building Products Co. has a 12 month low of $19.57 and a 12 month high of $39.31. The company has a current ratio of 2.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73.

Quanex Building Products (NYSE:NX) last announced its quarterly earnings data on Thursday, December 12th. The construction company reported $0.61 EPS for the quarter, beating 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 prior year, the business posted $0.95 EPS. On average, research analysts expect that Quanex Building Products Co. will post 2.18 earnings per share for the current year.

Quanex Building Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $0.08 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.32 annualized dividend and a dividend yield of 1.57%. Quanex Building Products’s payout ratio is currently 28.57%.

Analysts Set New Price Targets

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

Insider Activity at Quanex Building Products

In other news, CEO George Laverne Wilson bought 4,328 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average price of $23.03 per share, for a total transaction of $99,673.84. Following the completion of the transaction, the chief executive officer now directly owns 287,644 shares in the company, valued at approximately $6,624,441.32. This represents a 1.53 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.15% of the stock is currently owned by corporate insiders.

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.