State of New Jersey Common Pension Fund D Increases Position in Quanex Building Products Co. (NYSE:NX)

State of New Jersey Common Pension Fund D increased its stake in shares of Quanex Building Products Co. (NYSE:NX) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 70,230 shares of the construction company’s stock after acquiring an additional 1,019 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Quanex Building Products were worth $1,702,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in NX. Louisiana State Employees Retirement System lifted its position in Quanex Building Products by 36.5% during the 3rd quarter. Louisiana State Employees Retirement System now owns 22,800 shares of the construction company’s stock worth $633,000 after acquiring an additional 6,100 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Quanex Building Products by 38.7% during the third quarter. State of Alaska Department of Revenue now owns 26,964 shares of the construction company’s stock worth $748,000 after purchasing an additional 7,523 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in shares of Quanex Building Products by 4.1% during the third quarter. New York State Teachers Retirement System now owns 71,396 shares of the construction company’s stock worth $1,981,000 after purchasing an additional 2,841 shares during the period. Farther Finance Advisors LLC increased its stake in 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 valued at $59,000 after buying an additional 2,090 shares during the period. Finally, Amalgamated Bank raised its position in Quanex Building Products by 34.4% during the 3rd quarter. Amalgamated Bank now owns 13,535 shares of the construction company’s stock worth $376,000 after buying an additional 3,468 shares during the last quarter. Institutional investors and hedge funds own 97.48% of the company’s stock.

Insider Buying and Selling at Quanex Building Products

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

Quanex Building Products Stock Performance

NYSE NX opened at $20.51 on Wednesday. The company has a current ratio of 2.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. The business’s 50 day moving average is $22.79 and its two-hundred day moving average is $26.55. The stock has a market capitalization of $968.02 million, a price-to-earnings ratio of 18.31, a PEG ratio of 0.68 and a beta of 1.28. Quanex Building Products Co. has a 12-month low of $19.57 and a 12-month high of $39.31.

Quanex Building Products (NYSE:NX) last released its quarterly earnings data on Thursday, December 12th. The construction company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate 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 earned $0.95 earnings per share. Research analysts expect that Quanex Building Products Co. will post 2.18 EPS for the current year.

Quanex Building Products Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.32 annualized dividend and a yield of 1.56%. Quanex Building Products’s payout ratio is currently 28.57%.

Analyst Ratings Changes

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

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.