New York State Teachers Retirement System Decreases Stake in Quanex Building Products Co. (NYSE:NX)

New York State Teachers Retirement System trimmed its position in shares of Quanex Building Products Co. (NYSE:NX) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 66,988 shares of the construction company’s stock after selling 4,408 shares during the quarter. New York State Teachers Retirement System’s holdings in Quanex Building Products were worth $1,624,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. State Street Corp lifted its position in shares of Quanex Building Products by 28.1% in the third quarter. State Street Corp now owns 1,604,668 shares of the construction company’s stock valued at $44,530,000 after acquiring an additional 351,778 shares in the last quarter. Segall Bryant & Hamill LLC lifted its position in shares of Quanex Building Products by 0.5% in the third quarter. Segall Bryant & Hamill LLC now owns 1,202,258 shares of the construction company’s stock valued at $33,363,000 after acquiring an additional 6,566 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Quanex Building Products in the fourth quarter valued at $25,380,000. Geode Capital Management LLC lifted its position in shares of Quanex Building Products by 37.9% in the third quarter. Geode Capital Management LLC now owns 1,040,987 shares of the construction company’s stock valued at $28,894,000 after acquiring an additional 286,128 shares in the last quarter. Finally, Systematic Financial Management LP lifted its position in Quanex Building Products by 14.1% during the third quarter. Systematic Financial Management LP now owns 1,022,002 shares of the construction company’s stock worth $28,361,000 after buying an additional 126,290 shares during the period. Institutional investors and hedge funds own 97.48% of the company’s stock.

Quanex Building Products Stock Down 1.9 %

Shares of Quanex Building Products stock opened at $20.34 on Friday. The business’s fifty day moving average price is $23.05 and its two-hundred day moving average price is $26.65. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.24 and a quick ratio of 1.23. The company has a market capitalization of $960.20 million, a P/E ratio of 18.16, a PEG ratio of 0.68 and a beta of 1.28. Quanex Building Products Co. has a 1-year low of $19.57 and a 1-year high of $39.31.

Quanex Building Products (NYSE:NX) last issued its earnings results on Thursday, December 12th. The construction company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.08. Quanex Building Products had a return on equity of 11.79% and a net margin of 2.59%. During the same period in the previous year, the business posted $0.95 EPS. As a group, research analysts forecast that Quanex Building Products Co. will post 2.18 EPS for the current year.

Quanex Building Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.57%. Quanex Building Products’s payout ratio is presently 28.57%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Quanex Building Products from a “hold” rating to a “sell” rating in a report on Sunday, December 22nd.

Insider Transactions at Quanex Building Products

In other Quanex Building Products news, CEO George Laverne Wilson bought 4,328 shares of Quanex Building Products stock in a transaction dated Thursday, December 19th. The shares were acquired at an average cost of $23.03 per share, with a total value of $99,673.84. Following the acquisition, the chief executive officer now directly owns 287,644 shares of the company’s stock, valued at $6,624,441.32. The trade was a 1.53 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.15% of the stock is currently owned by corporate insiders.

Quanex Building Products Company 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.