Quanex Building Products Co. (NYSE:NX) Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board grew its holdings in Quanex Building Products Co. (NYSE:NX) by 37.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 100,280 shares of the construction company’s stock after purchasing an additional 27,425 shares during the period. Public Sector Pension Investment Board’s holdings in Quanex Building Products were worth $2,783,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. GAMMA Investing LLC lifted its position in Quanex Building Products by 65.4% in the third quarter. GAMMA Investing LLC now owns 994 shares of the construction company’s stock valued at $28,000 after buying an additional 393 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of Quanex Building Products in the 2nd quarter valued at approximately $46,000. nVerses Capital LLC raised its stake in shares of Quanex Building Products by 900.0% in the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the construction company’s stock valued at $55,000 after acquiring an additional 1,800 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Quanex Building Products by 10,450.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,110 shares of the construction company’s stock worth $59,000 after acquiring an additional 2,090 shares during the last quarter. Finally, Quest Partners LLC boosted its position in shares of Quanex Building Products by 9,011.1% during the 2nd quarter. Quest Partners LLC now owns 3,280 shares of the construction company’s stock worth $91,000 after purchasing an additional 3,244 shares during the period. 97.48% of the stock is currently owned by hedge funds and other institutional investors.

Quanex Building Products Trading Down 1.9 %

NYSE NX opened at $29.03 on Wednesday. Quanex Building Products Co. has a one year low of $24.85 and a one year high of $39.31. The firm has a 50 day simple moving average of $29.30 and a 200-day simple moving average of $29.21. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 0.94 and a beta of 1.24. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.58 and a current ratio of 2.36.

Quanex Building Products (NYSE:NX) last posted its quarterly earnings results on Thursday, September 5th. The construction company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.70 by $0.03. Quanex Building Products had a net margin of 6.88% and a return on equity of 14.68%. The business had revenue of $280.35 million during the quarter, compared to the consensus estimate of $278.00 million. During the same quarter in the previous year, the firm posted $0.97 earnings per share. Equities research analysts anticipate that Quanex Building Products Co. will post 2.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. StockNews.com lowered Quanex Building Products from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Benchmark reissued a “buy” rating and set a $38.00 target price on shares of Quanex Building Products in a research note on Wednesday, September 11th.

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.