Maryland State Retirement & Pension System Sells 2,184 Shares of Quanex Building Products Corporation $NX

Maryland State Retirement & Pension System lowered its stake in Quanex Building Products Corporation (NYSE:NX) by 13.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,773 shares of the construction company’s stock after selling 2,184 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Quanex Building Products were worth $256,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in NX. LPL Financial LLC bought a new position in Quanex Building Products in the 4th quarter worth about $632,000. Wells Fargo & Company MN boosted its stake in Quanex Building Products by 53.8% in the 4th quarter. Wells Fargo & Company MN now owns 41,635 shares of the construction company’s stock worth $1,009,000 after purchasing an additional 14,572 shares during the period. Sterling Capital Management LLC boosted its stake in Quanex Building Products by 833.6% in the 4th quarter. Sterling Capital Management LLC now owns 1,419 shares of the construction company’s stock worth $34,000 after purchasing an additional 1,267 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in Quanex Building Products by 1.3% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 45,277 shares of the construction company’s stock worth $1,097,000 after purchasing an additional 562 shares during the period. Finally, MetLife Investment Management LLC boosted its position in shares of Quanex Building Products by 5.1% during the 4th quarter. MetLife Investment Management LLC now owns 27,074 shares of the construction company’s stock valued at $656,000 after acquiring an additional 1,317 shares during the last quarter. Institutional investors own 97.48% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Quanex Building Products to a “hold” rating in a research report on Monday, August 11th.

Quanex Building Products Stock Performance

Shares of NX opened at $21.11 on Tuesday. The company has a market cap of $970.33 million, a PE ratio of 35.78, a price-to-earnings-growth ratio of 0.57 and a beta of 1.04. The company has a current ratio of 2.41, a quick ratio of 1.26 and a debt-to-equity ratio of 0.75. The stock has a 50-day moving average price of $19.65 and a 200-day moving average price of $18.99. Quanex Building Products Corporation has a 12-month low of $15.30 and a 12-month high of $32.23.

Quanex Building Products (NYSE:NX) last issued its quarterly earnings results on Thursday, June 5th. The construction company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.12. The firm had revenue of $452.48 million during the quarter, compared to the consensus estimate of $440.05 million. Quanex Building Products had a return on equity of 10.02% and a net margin of 1.05%. As a group, equities analysts forecast that Quanex Building Products Corporation will post 2.18 earnings per share for the current fiscal year.

Quanex Building Products Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, June 16th. Quanex Building Products’s dividend payout ratio (DPR) is currently 54.24%.

About Quanex Building Products

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.