State of New Jersey Common Pension Fund D Sells 9,118 Shares of Quanex Building Products Co. (NYSE:NX)

State of New Jersey Common Pension Fund D decreased its holdings in shares of Quanex Building Products Co. (NYSE:NX) by 9.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,278 shares of the construction company’s stock after selling 9,118 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Quanex Building Products were worth $2,546,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Ritholtz Wealth Management lifted its position in shares of Quanex Building Products by 2.0% in the 4th 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. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Quanex Building Products by 4.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,126 shares of the construction company’s stock worth $462,000 after buying an additional 641 shares during the period. New York State Common Retirement Fund boosted its position in Quanex Building Products by 13.3% during the 4th quarter. New York State Common Retirement Fund now owns 14,387 shares of the construction company’s stock valued at $440,000 after acquiring an additional 1,694 shares in the last quarter. TD Asset Management Inc grew its holdings in shares of Quanex Building Products by 9.2% during the 3rd quarter. TD Asset Management Inc now owns 23,700 shares of the construction company’s stock worth $668,000 after acquiring an additional 2,000 shares during the period. Finally, Strs Ohio bought a new position in shares of Quanex Building Products in the 3rd quarter worth approximately $59,000. Hedge funds and other institutional investors own 97.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark reaffirmed a “buy” rating and issued a $38.00 price target on shares of Quanex Building Products in a research note on Tuesday, April 23rd.

Quanex Building Products Trading Down 0.4 %

Shares of NYSE NX opened at $33.09 on Thursday. Quanex Building Products Co. has a 1 year low of $18.92 and a 1 year high of $39.31. 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 firm has a 50-day moving average of $35.70 and a 200 day moving average of $32.34. The stock has a market cap of $1.10 billion, a P/E ratio of 12.58, a price-to-earnings-growth ratio of 0.99 and a beta of 1.38.

Quanex Building Products (NYSE:NX) last announced its earnings results on Thursday, March 7th. The construction company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. Quanex Building Products had a net margin of 7.84% and a return on equity of 17.11%. The business had revenue of $239.16 million during the quarter, compared to the consensus estimate of $232.90 million. As a group, sell-side analysts expect that Quanex Building Products Co. will post 2.4 EPS for the current fiscal year.

Quanex Building Products Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Thursday, March 14th. Quanex Building Products’s dividend payout ratio (DPR) is 12.17%.

Insiders Place Their Bets

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

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.