Quanex Building Products Co. (NYSE:NX) Stock Holdings Decreased by California State Teachers Retirement System

California State Teachers Retirement System reduced its position in Quanex Building Products Co. (NYSE:NX) by 9.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,982 shares of the construction company’s stock after selling 4,403 shares during the period. California State Teachers Retirement System owned about 0.08% of Quanex Building Products worth $969,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Quanex Building Products by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 5,267,847 shares of the construction company’s stock worth $127,693,000 after acquiring an additional 51,142 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Quanex Building Products by 29.2% during the fourth quarter. Ameriprise Financial Inc. now owns 1,988,029 shares of the construction company’s stock worth $48,190,000 after purchasing an additional 449,646 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Quanex Building Products by 779.2% during the fourth quarter. Principal Financial Group Inc. now owns 1,956,454 shares of the construction company’s stock worth $47,424,000 after purchasing an additional 1,733,932 shares during the period. Deprince Race & Zollo Inc. boosted its holdings in shares of Quanex Building Products by 716.4% during the fourth quarter. Deprince Race & Zollo Inc. now owns 1,111,464 shares of the construction company’s stock worth $26,942,000 after purchasing an additional 975,324 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Quanex Building Products by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 1,053,115 shares of the construction company’s stock worth $25,533,000 after purchasing an additional 12,128 shares during the period. 97.48% of the stock is owned by hedge funds and other institutional investors.

Quanex Building Products Stock Performance

NX stock opened at $20.24 on Wednesday. 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 stock has a market cap of $955.27 million, a P/E ratio of 18.07, a P/E/G ratio of 0.68 and a beta of 1.01. The firm has a 50 day simple moving average of $17.33 and a 200 day simple moving average of $21.00. Quanex Building Products Co. has a 52 week low of $15.30 and a 52 week high of $34.97.

Quanex Building Products (NYSE:NX) last posted its quarterly earnings results on Thursday, June 5th. The construction company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.48 by $0.12. The business had revenue of $452.48 million during the quarter, compared to analysts’ expectations of $440.05 million. Quanex Building Products had a net margin of 2.59% and a return on equity of 11.79%. Research analysts anticipate that Quanex Building Products Co. will post 2.18 earnings per share for the current fiscal year.

Quanex Building Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Monday, June 16th. Quanex Building Products’s dividend payout ratio is currently 54.24%.

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.