Trading Report: Today: Quanex Building Products Corp. (NX) Stake Held by New York State Teachers Retirement System

Today: Quanex Building Products Corp. (NX) Stake Held by New York State Teachers Retirement System

New York State Teachers Retirement System held its stake in shares of Quanex Building Products Corp. (NYSE:NX) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 102,335 shares of the company’s stock at the end of the second quarter. New York State Teachers Retirement System’s holdings in Quanex Building Products Corp. were worth $1,902,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Silvercrest Asset Management Group LLC raised its stake in Quanex Building Products Corp. by 142.1% in the first quarter. Silvercrest Asset Management Group LLC now owns 1,642,678 shares of the company’s stock worth $28,516,000 after buying an additional 964,118 shares in the last quarter. Renaissance Technologies LLC raised its stake in Quanex Building Products Corp. by 29.7% in the first quarter. Renaissance Technologies LLC now owns 1,273,000 shares of the company’s stock worth $22,099,000 after buying an additional 291,300 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Quanex Building Products Corp. by 1.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 866,256 shares of the company’s stock worth $15,038,000 after buying an additional 8,262 shares in the last quarter. Royce & Associates LP raised its stake in Quanex Building Products Corp. by 1.3% in the first quarter. Royce & Associates LP now owns 856,586 shares of the company’s stock worth $14,870,000 after buying an additional 11,400 shares in the last quarter. Finally, Kennedy Capital Management Inc. raised its stake in Quanex Building Products Corp. by 7.6% in the first quarter. Kennedy Capital Management Inc. now owns 319,083 shares of the company’s stock worth $5,539,000 after buying an additional 22,639 shares in the last quarter. Hedge funds and other institutional investors own 94.55% of the company’s stock.

Quanex Building Products Corp. (NYSE:NX) traded up 0.90% during mid-day trading on Friday, hitting $16.90. 120,935 shares of the stock were exchanged. Quanex Building Products Corp. has a 52-week low of $15.33 and a 52-week high of $21.66. The stock has a market cap of $573.77 million, a price-to-earnings ratio of 225.33 and a beta of 1.15. The stock has a 50 day moving average of $17.80 and a 200-day moving average of $18.84.

Quanex Building Products Corp. (NYSE:NX) last posted its earnings results on Tuesday, September 6th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. Quanex Building Products Corp. had a net margin of 0.30% and a return on equity of 6.25%. The firm earned $248.10 million during the quarter. During the same period last year, the business posted $0.28 earnings per share. The company’s revenue for the quarter was up 37.7% compared to the same quarter last year. Equities analysts predict that Quanex Building Products Corp. will post $0.76 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Wednesday, September 14th. Quanex Building Products Corp.’s dividend payout ratio (DPR) is presently 228.60%.

A number of research analysts have issued reports on the stock. Wedbush reissued an “outperform” rating and set a $23.00 price objective on shares of Quanex Building Products Corp. in a research report on Monday, October 10th. TheStreet downgraded shares of Quanex Building Products Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 6th. Finally, Imperial Capital reissued an “outperform” rating and set a $25.00 price objective on shares of Quanex Building Products Corp. in a research report on Wednesday, August 31st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $22.63.

Quanex Building Products Corp. Company Profile

Quanex Building Products Corporation manufactures components primarily for the window and door (fenestration) industry, including insulating glass spacers, extruded vinyl profiles, window and door screens, and precision-formed metal and wood products for original equipment manufacturers (OEMs). The Company’s segments include Engineered Products, International Extrusion, and Corporate & Other.

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