New York State Common Retirement Fund Has $806,000 Stake in Quanex Building Products Corporation (NX)

New York State Common Retirement Fund grew its stake in shares of Quanex Building Products Corporation (NYSE:NX) by 10.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,100 shares of the construction company’s stock after buying an additional 3,699 shares during the period. New York State Common Retirement Fund owned 0.11% of Quanex Building Products Corporation worth $806,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Quanex Building Products Corporation by 0.9% during the second quarter. BlackRock Inc. now owns 4,732,378 shares of the construction company’s stock valued at $100,089,000 after buying an additional 40,778 shares during the period. Vanguard Group Inc. increased its position in shares of Quanex Building Products Corporation by 4.0% during the first quarter. Vanguard Group Inc. now owns 3,027,319 shares of the construction company’s stock valued at $61,304,000 after buying an additional 115,239 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Quanex Building Products Corporation by 6.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,748,304 shares of the construction company’s stock valued at $55,653,000 after buying an additional 158,417 shares during the period. Cooke & Bieler LP increased its position in shares of Quanex Building Products Corporation by 2.8% during the second quarter. Cooke & Bieler LP now owns 2,181,942 shares of the construction company’s stock valued at $46,148,000 after buying an additional 58,578 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of Quanex Building Products Corporation by 0.6% during the second quarter. Victory Capital Management Inc. now owns 1,968,908 shares of the construction company’s stock valued at $41,642,000 after buying an additional 12,501 shares during the period. Hedge funds and other institutional investors own 99.74% of the company’s stock.

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Quanex Building Products Corporation (NX) opened at $21.85 on Tuesday. Quanex Building Products Corporation has a twelve month low of $15.45 and a twelve month high of $23.60. The company has a current ratio of 1.79, a quick ratio of 0.93 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $740.54, a PE ratio of 25.29 and a beta of 0.70.

Quanex Building Products Corporation (NYSE:NX) last issued its quarterly earnings data on Wednesday, September 6th. The construction company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.01). Quanex Building Products Corporation had a return on equity of 7.87% and a net margin of 1.52%. The business had revenue of $229.40 million for the quarter, compared to analysts’ expectations of $235.45 million. During the same period in the previous year, the firm posted $0.27 EPS. The firm’s revenue for the quarter was down 7.5% compared to the same quarter last year. research analysts forecast that Quanex Building Products Corporation will post 0.85 EPS for the current fiscal year.

In other news, VP Brent L. Korb sold 17,500 shares of the business’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $21.15, for a total transaction of $370,125.00. Following the completion of the transaction, the vice president now owns 94,679 shares of the company’s stock, valued at $2,002,460.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.32% of the stock is currently owned by insiders.

NX has been the topic of several analyst reports. Wedbush reiterated an “outperform” rating and set a $25.00 price target on shares of Quanex Building Products Corporation in a research report on Wednesday, July 19th. BidaskClub cut Quanex Building Products Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Sidoti initiated coverage on Quanex Building Products Corporation in a research report on Monday, August 7th. They set a “buy” rating on the stock. Zacks Investment Research upgraded Quanex Building Products Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, TheStreet upgraded Quanex Building Products Corporation from a “c” rating to a “b-” rating in a research report on Wednesday, September 6th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $24.00.

Quanex Building Products Corporation Profile

Institutional Ownership by Quarter for Quanex Building Products Corporation (NYSE:NX)

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