Public Sector Pension investment Board Has $376,000 Holdings in Quanex Building Products Corporation (NX)

Public Sector Pension investment Board lessened its position in shares of Quanex Building Products Corporation (NYSE:NX) by 28.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,762 shares of the construction company’s stock after selling 7,000 shares during the period. Public Sector Pension investment Board owned about 0.05% of Quanex Building Products Corporation worth $376,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NX. State of Alaska Department of Revenue grew its holdings in Quanex Building Products Corporation by 77.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,746 shares of the construction company’s stock worth $142,000 after acquiring an additional 2,946 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in Quanex Building Products Corporation by 5.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,938 shares of the construction company’s stock worth $161,000 after acquiring an additional 403 shares in the last quarter. Mason Street Advisors LLC grew its holdings in Quanex Building Products Corporation by 7.6% during the 1st quarter. Mason Street Advisors LLC now owns 8,045 shares of the construction company’s stock worth $163,000 after acquiring an additional 568 shares in the last quarter. SG Americas Securities LLC acquired a new position in Quanex Building Products Corporation during the 2nd quarter worth approximately $314,000. Finally, Arizona State Retirement System grew its holdings in Quanex Building Products Corporation by 1.7% during the 1st quarter. Arizona State Retirement System now owns 17,936 shares of the construction company’s stock worth $363,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 99.75% of the company’s stock.

Several research firms have commented on NX. BidaskClub cut shares of Quanex Building Products Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Zacks Investment Research upgraded shares of Quanex Building Products Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Sidoti began coverage on shares of Quanex Building Products Corporation in a report on Monday, August 7th. They set a “buy” rating for the company. TheStreet upgraded shares of Quanex Building Products Corporation from a “c” rating to a “b-” rating in a report on Wednesday, September 6th. Finally, Wedbush reiterated an “outperform” rating and set a $25.00 price target on shares of Quanex Building Products Corporation in a report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $24.00.

In other news, VP Brent L. Korb sold 17,500 shares of Quanex Building Products Corporation stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $21.15, for a total transaction of $370,125.00. Following the sale, the vice president now owns 94,679 shares in the company, valued at $2,002,460.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.32% of the company’s stock.

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Quanex Building Products Corporation (NYSE:NX) last posted its quarterly earnings data on Wednesday, September 6th. The construction company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The firm had revenue of $229.40 million for 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 company’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.27 EPS.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 18th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Friday, September 15th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.70%. Quanex Building Products Corporation’s dividend payout ratio is currently 42.11%.

Quanex Building Products Corporation Profile

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

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