California State Teachers Retirement System decreased its position in shares of Quanex Building Products Corporation (NYSE:NX) by 9.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,891 shares of the construction company’s stock after selling 6,500 shares during the quarter. California State Teachers Retirement System owned 0.18% of Quanex Building Products Corporation worth $1,288,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings 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 worth $100,089,000 after purchasing an additional 40,778 shares during the period. Vanguard Group Inc. lifted its holdings in Quanex Building Products Corporation by 3.4% in the second quarter. Vanguard Group Inc. now owns 3,131,357 shares of the construction company’s stock valued at $66,228,000 after acquiring an additional 104,038 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Quanex Building Products Corporation by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,859,309 shares of the construction company’s stock valued at $60,474,000 after acquiring an additional 111,005 shares during the period. Cooke & Bieler LP lifted its holdings in Quanex Building Products Corporation by 2.8% in the second quarter. Cooke & Bieler LP now owns 2,181,942 shares of the construction company’s stock valued at $46,148,000 after acquiring an additional 58,578 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in Quanex Building Products Corporation by 0.6% in 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 acquiring an additional 12,501 shares during the period. 99.62% of the stock is owned by hedge funds and other institutional investors.

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A number of brokerages have issued reports on NX. KeyCorp reissued a “hold” rating on shares of Quanex Building Products Corporation in a report on Friday, October 27th. BidaskClub downgraded Quanex Building Products Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Zacks Investment Research raised Quanex Building Products Corporation from a “strong sell” rating to a “hold” rating in a report on Thursday, November 9th. Sidoti began coverage on Quanex Building Products Corporation in a report on Monday, August 7th. They issued a “buy” rating for the company. Finally, TheStreet raised Quanex Building Products Corporation from a “c” rating to a “b-” rating in a report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $24.00.

Quanex Building Products Corporation (NYSE NX) opened at $21.10 on Thursday. Quanex Building Products Corporation has a twelve month low of $17.45 and a twelve month high of $23.60. The stock has a market capitalization of $735.37, a P/E ratio of 25.12 and a beta of 0.70. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.79 and a quick ratio of 0.93.

Quanex Building Products Corporation (NYSE:NX) last posted its quarterly earnings data on Wednesday, September 6th. The construction company reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.01). The business had revenue of $229.40 million during the quarter, compared to analysts’ expectations of $235.45 million. Quanex Building Products Corporation had a net margin of 1.52% and a return on equity of 7.87%. The firm’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 earnings per share. equities research analysts predict 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 that occurred on Monday, September 25th. The stock was sold at an average price of $21.15, for a total value of $370,125.00. Following the completion of the sale, the vice president now directly owns 94,679 shares in the company, valued at $2,002,460.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.32% of the stock is owned by insiders.

Quanex Building Products Corporation Company Profile

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

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