New York State Teachers Retirement System Sells 488 Shares of Quanex Building Products Co. (NYSE:NX)

New York State Teachers Retirement System trimmed its holdings in Quanex Building Products Co. (NYSE:NX) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,909 shares of the construction company’s stock after selling 488 shares during the quarter. New York State Teachers Retirement System’s holdings in Quanex Building Products were worth $2,076,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of NX. Koss Olinger Consulting LLC lifted its position in Quanex Building Products by 10.6% in the third quarter. Koss Olinger Consulting LLC now owns 11,447 shares of the construction company’s stock worth $322,000 after purchasing an additional 1,097 shares during the period. Oliver Luxxe Assets LLC bought a new position in Quanex Building Products in the third quarter worth $782,000. Ritholtz Wealth Management lifted its position in Quanex Building Products by 2.0% in the fourth quarter. Ritholtz Wealth Management now owns 18,946 shares of the construction company’s stock worth $579,000 after purchasing an additional 373 shares during the period. Invesco Ltd. lifted its position in Quanex Building Products by 3.1% in the third quarter. Invesco Ltd. now owns 327,436 shares of the construction company’s stock worth $9,224,000 after purchasing an additional 9,875 shares during the period. Finally, Advisors Preferred LLC bought a new position in Quanex Building Products in the third quarter worth $1,376,000. 97.48% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Quanex Building Products news, SVP Paul Cornett sold 3,064 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $37.72, for a total transaction of $115,574.08. Following the completion of the transaction, the senior vice president now directly owns 43,902 shares in the company, valued at $1,655,983.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.15% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Benchmark raised their target price on Quanex Building Products from $33.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th.

Quanex Building Products Stock Up 0.0 %

Shares of NX stock opened at $35.46 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.27 and a quick ratio of 1.31. The stock has a fifty day moving average price of $35.50 and a 200 day moving average price of $31.91. Quanex Building Products Co. has a one year low of $18.71 and a one year high of $39.31. The stock has a market cap of $1.17 billion, a P/E ratio of 13.48, a price-to-earnings-growth ratio of 1.07 and a beta of 1.35.

Quanex Building Products (NYSE:NX) last released its quarterly earnings data on Thursday, March 7th. The construction company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.06. Quanex Building Products had a return on equity of 17.11% and a net margin of 7.84%. The firm had revenue of $239.16 million during the quarter, compared to analyst estimates of $232.90 million. Analysts predict that Quanex Building Products Co. will post 2.4 earnings per share for the current year.

Quanex Building Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.32 annualized dividend and a yield of 0.90%. Quanex Building Products’s dividend payout ratio is currently 12.17%.

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.