Louisiana State Employees Retirement System lowered its position in Quanex Building Products Co. (NYSE:NX) by 14.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,211 shares of the construction company’s stock after selling 2,289 shares during the period. Louisiana State Employees Retirement System’s holdings in Quanex Building Products were worth $180,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of NX. Wells Fargo & Company MN raised its position in shares of Quanex Building Products by 30.1% during the 3rd quarter. Wells Fargo & Company MN now owns 1,580,902 shares of the construction company’s stock worth $28,773,000 after purchasing an additional 365,947 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Quanex Building Products during the 3rd quarter worth about $4,754,000. WINTON GROUP Ltd acquired a new position in shares of Quanex Building Products during the 3rd quarter worth about $4,749,000. BlackRock Inc. raised its position in shares of Quanex Building Products by 2.9% during the 3rd quarter. BlackRock Inc. now owns 5,468,740 shares of the construction company’s stock worth $99,531,000 after purchasing an additional 153,889 shares during the last quarter. Finally, Panagora Asset Management Inc. acquired a new position in shares of Quanex Building Products during the 3rd quarter worth about $1,960,000. Institutional investors and hedge funds own 98.82% of the company’s stock.

In other news, Director Joseph D. Rupp purchased 30,000 shares of the company’s stock in a transaction dated Thursday, December 27th. The stock was acquired at an average price of $12.99 per share, with a total value of $389,700.00. Following the purchase, the director now directly owns 25,421 shares in the company, valued at approximately $330,218.79. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 5.59% of the stock is currently owned by corporate insiders.

Shares of NYSE NX opened at $16.30 on Friday. Quanex Building Products Co. has a 12-month low of $10.70 and a 12-month high of $20.30. The stock has a market cap of $546.07 million, a P/E ratio of 25.08 and a beta of 1.04. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.85 and a quick ratio of 1.18.

Quanex Building Products (NYSE:NX) last announced its quarterly earnings data on Monday, December 10th. The construction company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.21). Quanex Building Products had a net margin of 2.96% and a return on equity of 5.40%. The business had revenue of $244.00 million for the quarter, compared to analysts’ expectations of $246.16 million. During the same period in the prior year, the company posted $0.37 EPS. The firm’s revenue was up 4.7% on a year-over-year basis. As a group, equities analysts forecast that Quanex Building Products Co. will post 0.67 earnings per share for the current year.

Several brokerages recently issued reports on NX. TheStreet cut shares of Quanex Building Products from a “b-” rating to a “c+” rating in a research note on Wednesday, October 24th. Sidoti dropped their price objective on shares of Quanex Building Products to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, December 11th. CJS Securities raised shares of Quanex Building Products from a “market perform” rating to an “outperform” rating in a research note on Wednesday, December 12th. Finally, Zacks Investment Research cut shares of Quanex Building Products from a “hold” rating to a “sell” rating in a research note on Saturday, December 22nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $17.50.

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Quanex Building Products Company Profile

Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry worldwide. It operates through three segments: North American Engineered Components, European Engineered Components, and North American Cabinet Components. The company offers flexible insulating glass spacers, extruded vinyl profiles, window and door screens, and precision-formed metal and wood products, as well as cabinet doors and other components for original equipment manufacturers (OEMs) in the kitchen and bathroom cabinet industry.

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

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