Public Employees Retirement Association of Colorado continued to hold its position in shares of Quanex Building Products Corporation (NYSE:NX) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,873 shares of the construction company’s stock at the end of the first quarter. Public Employees Retirement Association of Colorado’s holdings in Quanex Building Products Corporation were worth $240,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in NX. Dimensional Fund Advisors LP increased its position in shares of Quanex Building Products Corporation by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,589,887 shares of the construction company’s stock valued at $52,575,000 after buying an additional 110,604 shares during the period. Silvercrest Asset Management Group LLC increased its stake in Quanex Building Products Corporation by 1.3% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 2,411,267 shares of the construction company’s stock worth $48,949,000 after buying an additional 30,602 shares during the last quarter. State Street Corp increased its stake in Quanex Building Products Corporation by 8.2% in the fourth quarter. State Street Corp now owns 739,835 shares of the construction company’s stock worth $15,020,000 after buying an additional 56,039 shares during the last quarter. Royce & Associates LP increased its stake in Quanex Building Products Corporation by 1.6% in the fourth quarter. Royce & Associates LP now owns 739,086 shares of the construction company’s stock worth $15,003,000 after buying an additional 11,500 shares during the last quarter. Finally, Norges Bank bought a new stake in Quanex Building Products Corporation during the fourth quarter worth $9,480,000. Institutional investors own 98.84% of the company’s stock.

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

Shares of Quanex Building Products Corporation (NX) opened at 21.30 on Friday. The firm’s 50-day moving average is $20.36 and its 200-day moving average is $20.10. Quanex Building Products Corporation has a 12 month low of $15.41 and a 12 month high of $21.90. The company’s market cap is $727.54 million.

Quanex Building Products Corporation (NYSE:NX) last released its quarterly earnings data on Tuesday, May 30th. The construction company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. Quanex Building Products Corporation had a negative net margin of 0.09% and a positive return on equity of 7.70%. The firm had revenue of $209.10 million for the quarter, compared to analysts’ expectations of $205.27 million. During the same quarter in the previous year, the company earned $0.11 earnings per share. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. On average, equities research analysts predict that Quanex Building Products Corporation will post $0.78 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Tuesday, June 13th. Quanex Building Products Corporation’s payout ratio is -533.16%.

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A number of research firms recently weighed in on NX. Zacks Investment Research upgraded Quanex Building Products Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, February 21st. Wedbush decreased their price objective on Quanex Building Products Corporation from $24.00 to $23.00 and set an “outperform” rating for the company in a report on Wednesday, March 8th.

In other Quanex Building Products Corporation news, SVP Kevin P. Delaney sold 9,971 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $21.53, for a total value of $214,675.63. Following the transaction, the senior vice president now owns 113,442 shares in the company, valued at $2,442,406.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.32% of the stock is currently owned by insiders.

About Quanex Building Products Corporation

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