Arizona State Retirement System Boosts Position in Quanex Building Products Corporation (NX)

Arizona State Retirement System increased its stake in shares of Quanex Building Products Corporation (NYSE:NX) by 1.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,936 shares of the construction company’s stock after buying an additional 300 shares during the period. Arizona State Retirement System owned approximately 0.05% of Quanex Building Products Corporation worth $363,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of NX. Guggenheim Capital LLC bought a new stake in shares of Quanex Building Products Corporation during the fourth quarter valued at about $1,641,000. TD Asset Management Inc. boosted its stake in shares of Quanex Building Products Corporation by 5.6% in the first quarter. TD Asset Management Inc. now owns 38,970 shares of the construction company’s stock valued at $789,000 after buying an additional 2,070 shares during the last quarter. Cooke & Bieler LP boosted its stake in shares of Quanex Building Products Corporation by 2.1% in the first quarter. Cooke & Bieler LP now owns 2,123,364 shares of the construction company’s stock valued at $42,998,000 after buying an additional 43,640 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Quanex Building Products Corporation by 1.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 77,945 shares of the construction company’s stock valued at $1,583,000 after buying an additional 860 shares during the period. Finally, Norges Bank acquired a new position in shares of Quanex Building Products Corporation during the fourth quarter valued at approximately $9,480,000. Institutional investors own 98.82% of the company’s stock.

Shares of Quanex Building Products Corporation (NYSE:NX) traded up 2.74% during trading on Friday, hitting $22.50. The stock had a trading volume of 320,729 shares. Quanex Building Products Corporation has a 12-month low of $15.40 and a 12-month high of $22.65. The company’s market cap is $768.53 million. The stock’s 50 day moving average is $21.25 and its 200-day moving average is $20.24.

Quanex Building Products Corporation (NYSE:NX) last announced its quarterly earnings data on Tuesday, May 30th. The construction company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.06. The business had revenue of $209.10 million during the quarter, compared to the consensus estimate of $205.27 million. Quanex Building Products Corporation had a positive return on equity of 7.70% and a negative net margin of 0.09%. The business’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 earnings per share. Analysts forecast that Quanex Building Products Corporation will post $0.78 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Tuesday, June 13th. Quanex Building Products Corporation’s dividend payout ratio is currently -533.16%.

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Separately, Wedbush reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Quanex Building Products Corporation in a research note on Wednesday, July 19th.

In other Quanex Building Products Corporation news, SVP Kevin P. Delaney sold 21,275 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $21.16, for a total transaction of $450,179.00. Following the completion of the sale, the senior vice president now owns 103,963 shares of the company’s stock, valued at $2,199,857.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Kevin P. Delaney sold 9,971 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $21.53, for a total value of $214,675.63. Following the sale, the senior vice president now directly owns 113,442 shares of the company’s stock, valued at approximately $2,442,406.26. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,809 shares of company stock valued at $2,230,713. Company insiders own 5.32% of the company’s stock.

Quanex Building Products Corporation Company Profile

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

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