Quanex Building Products Corporation (NYSE:NX) Position Maintained by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC continued to hold its position in Quanex Building Products Corporation (NYSE:NX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,900 shares of the construction company’s stock at the end of the second quarter. Nisa Investment Advisors LLC owned 0.10% of Quanex Building Products Corporation worth $696,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TD Asset Management Inc. raised 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 worth $789,000 after buying an additional 2,070 shares during the period. Arizona State Retirement System raised its stake in shares of Quanex Building Products Corporation by 1.7% in the first quarter. Arizona State Retirement System now owns 17,936 shares of the construction company’s stock worth $363,000 after buying an additional 300 shares during the period. Cooke & Bieler LP raised 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 worth $42,998,000 after buying an additional 43,640 shares during the period. Prudential Financial Inc. raised its stake in shares of Quanex Building Products Corporation by 0.6% in the first quarter. Prudential Financial Inc. now owns 58,566 shares of the construction company’s stock worth $1,186,000 after buying an additional 340 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of Quanex Building Products Corporation during the first quarter worth $4,360,000. Hedge funds and other institutional investors own 99.45% of the company’s stock.

Quanex Building Products Corporation (NX) opened at 19.25 on Friday. The company’s market cap is $657.52 million. The company has a 50-day moving average price of $21.02 and a 200 day moving average price of $20.26. Quanex Building Products Corporation has a 12-month low of $15.40 and a 12-month high of $22.65.

Quanex Building Products Corporation (NYSE:NX) last issued its earnings results on Tuesday, May 30th. The construction company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. Quanex Building Products Corporation had a positive return on equity of 7.70% and a negative net margin of 0.09%. The business had revenue of $209.10 million during the quarter, compared to analysts’ expectations of $205.27 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The business’s revenue for the quarter was down 8.9% compared to the same quarter last year. On average, analysts forecast that Quanex Building Products Corporation will post $0.79 EPS for the current fiscal year.

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A number of brokerages have recently weighed in on NX. BidaskClub lowered Quanex Building Products Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Sidoti began coverage on Quanex Building Products Corporation in a research note on Monday, August 7th. They issued a “buy” rating for the company. Wedbush restated an “outperform” rating and issued a $25.00 target price on shares of Quanex Building Products Corporation in a research note on Wednesday, July 19th. Finally, Zacks Investment Research upgraded Quanex Building Products Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $23.75.

In other Quanex Building Products Corporation news, SVP Kevin P. Delaney sold 21,275 shares of the company’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $21.16, for a total value of $450,179.00. Following the completion of the transaction, the senior vice president now owns 103,963 shares of the company’s stock, valued at approximately $2,199,857.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Kevin P. Delaney sold 13,642 shares of the company’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $21.01, for a total value of $286,618.42. Following the completion of the transaction, the senior vice president now directly owns 111,991 shares of the company’s stock, valued at approximately $2,352,930.91. 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. 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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