Texas Permanent School Fund Purchases 460 Shares of Quanex Building Products Co. (NYSE:NX)

Texas Permanent School Fund boosted its stake in Quanex Building Products Co. (NYSE:NXGet Rating) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,131 shares of the construction company’s stock after acquiring an additional 460 shares during the quarter. Texas Permanent School Fund owned 0.07% of Quanex Building Products worth $549,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Jackson Creek Investment Advisors LLC bought a new stake in Quanex Building Products in the 2nd quarter valued at $985,000. Nisa Investment Advisors LLC lifted its position in Quanex Building Products by 2.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 27,690 shares of the construction company’s stock valued at $630,000 after acquiring an additional 720 shares in the last quarter. SG Americas Securities LLC bought a new stake in Quanex Building Products in the 2nd quarter valued at $272,000. Russell Investments Group Ltd. lifted its position in Quanex Building Products by 13.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 153,943 shares of the construction company’s stock valued at $3,500,000 after acquiring an additional 17,708 shares in the last quarter. Finally, Arizona State Retirement System bought a new stake in Quanex Building Products in the 2nd quarter valued at $206,000. 97.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Quanex Building Products from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 10th.

Quanex Building Products Trading Down 1.8 %

Shares of NYSE:NX opened at $23.75 on Tuesday. The company’s 50-day moving average price is $20.81 and its two-hundred day moving average price is $21.90. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.93 and a quick ratio of 1.06. Quanex Building Products Co. has a one year low of $18.00 and a one year high of $25.94. The stock has a market capitalization of $786.81 million, a PE ratio of 9.35 and a beta of 1.39.

Quanex Building Products (NYSE:NXGet Rating) last issued its quarterly earnings results on Thursday, September 1st. The construction company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.62 by $0.17. Quanex Building Products had a net margin of 7.01% and a return on equity of 19.60%. The firm had revenue of $324.04 million for the quarter, compared to analysts’ expectations of $301.10 million. During the same period in the previous year, the firm posted $0.42 EPS. On average, equities analysts forecast that Quanex Building Products Co. will post 2.49 EPS for the current fiscal year.

Quanex Building Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, September 15th. This represents a $0.32 annualized dividend and a dividend yield of 1.35%. Quanex Building Products’s dividend payout ratio is presently 12.60%.

Quanex Building Products Profile

(Get Rating)

Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry in the United States, Europe, Canada, Asia, and internationally. The company operates through three segments: North American Fenestration, European Fenestration, and North American Cabinet Components.

Further Reading

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

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