California Public Employees Retirement System Has $918,000 Position in Quanex Building Products Corporation (NX)

California Public Employees Retirement System continued to hold its position in shares of Quanex Building Products Corporation (NYSE:NX) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,400 shares of the construction company’s stock at the end of the second quarter. California Public Employees Retirement System owned approximately 0.13% of Quanex Building Products Corporation worth $918,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NX. Parametric Portfolio Associates LLC increased its stake in Quanex Building Products Corporation by 7.5% in the first quarter. Parametric Portfolio Associates LLC now owns 61,042 shares of the construction company’s stock valued at $1,236,000 after purchasing an additional 4,279 shares in the last quarter. Victory Capital Management Inc. increased its stake 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 purchasing an additional 12,501 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Quanex Building Products Corporation by 9.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 272,261 shares of the construction company’s stock valued at $5,759,000 after purchasing an additional 22,637 shares in the last quarter. Prudential Financial Inc. increased its stake in 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 valued at $1,186,000 after purchasing an additional 340 shares in the last quarter. Finally, Royce & Associates LP increased its stake in Quanex Building Products Corporation by 7.9% in the second quarter. Royce & Associates LP now owns 797,834 shares of the construction company’s stock valued at $16,874,000 after purchasing an additional 58,248 shares in the last quarter. Institutional investors and hedge funds own 99.27% of the company’s stock.

Several equities research analysts have weighed in on NX shares. Zacks Investment Research raised shares of Quanex Building Products Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Sidoti assumed coverage on shares of Quanex Building Products Corporation in a research report on Monday, August 7th. They set a “buy” rating for the company. Wedbush raised shares of Quanex Building Products Corporation from a “neutral” rating to an “outperform” rating and decreased their target price for the stock from $25.00 to $24.00 in a research report on Friday, September 8th. KeyCorp reissued a “hold” rating on shares of Quanex Building Products Corporation in a research report on Friday, September 22nd. Finally, BidaskClub downgraded shares of Quanex Building Products Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. One research 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. Quanex Building Products Corporation currently has an average rating of “Hold” and a consensus price target of $24.00.

In related news, VP Brent L. Korb sold 17,500 shares of the company’s 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 directly owns 94,679 shares in the company, valued at approximately $2,002,460.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.32% of the company’s stock.

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Quanex Building Products Corporation (NYSE NX) opened at $20.75 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.79 and a quick ratio of 0.93. The firm has a market cap of $737.09, a PE ratio of 25.18 and a beta of 0.70. Quanex Building Products Corporation has a 52 week low of $17.45 and a 52 week high of $23.60.

Quanex Building Products Corporation (NYSE:NX) last released its earnings results on Wednesday, September 6th. The construction company reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.01). The company 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 revenue was down 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 earnings per share. equities research analysts anticipate that Quanex Building Products Corporation will post 0.85 EPS for the current year.

Quanex Building Products Corporation Profile

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

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