Quanex Building Products Co. (NYSE:NX) Stake Boosted by New York State Teachers Retirement System

New York State Teachers Retirement System increased its stake in Quanex Building Products Co. (NYSE:NX) by 4.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,396 shares of the construction company’s stock after purchasing an additional 2,841 shares during the quarter. New York State Teachers Retirement System’s holdings in Quanex Building Products were worth $1,981,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. State of Alaska Department of Revenue increased its stake in Quanex Building Products by 38.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 26,964 shares of the construction company’s stock worth $748,000 after purchasing an additional 7,523 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Quanex Building Products by 36.5% in the 3rd 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. Allspring Global Investments Holdings LLC boosted its position in Quanex Building Products by 4.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,347,818 shares of the construction company’s stock worth $92,902,000 after acquiring an additional 147,444 shares during the period. nVerses Capital LLC boosted its position in Quanex Building Products by 55.0% during the 3rd quarter. nVerses Capital LLC now owns 3,100 shares of the construction company’s stock worth $86,000 after acquiring an additional 1,100 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new stake in Quanex Building Products during the 3rd quarter worth about $299,000. Hedge funds and other institutional investors own 97.48% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on NX shares. StockNews.com upgraded Quanex Building Products from a “hold” rating to a “buy” rating in a research report on Tuesday, October 8th. Benchmark restated a “buy” rating and set a $38.00 price objective on shares of Quanex Building Products in a research report on Wednesday, September 11th.

Quanex Building Products Trading Up 0.2 %

Shares of NYSE NX opened at $30.52 on Friday. Quanex Building Products Co. has a one year low of $24.85 and a one year high of $39.31. The firm has a market capitalization of $1.44 billion, a PE ratio of 13.56, a PEG ratio of 0.76 and a beta of 1.25. The company has a current ratio of 2.36, a quick ratio of 1.58 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average price of $28.36 and a two-hundred day moving average price of $29.74.

Quanex Building Products (NYSE:NX) last announced its quarterly earnings results on Thursday, September 5th. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.03. The business had revenue of $280.35 million during the quarter, compared to analyst estimates of $278.00 million. Quanex Building Products had a return on equity of 14.68% and a net margin of 6.88%. During the same period in the previous year, the company earned $0.97 EPS. As a group, analysts predict that Quanex Building Products Co. will post 2.15 earnings per share for the current fiscal year.

Quanex Building Products Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $0.08 per share. The ex-dividend date was Monday, September 16th. This represents a $0.32 annualized dividend and a dividend yield of 1.05%. Quanex Building Products’s dividend payout ratio is 14.22%.

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.