Louisiana State Employees Retirement System Buys Shares of 16,500 Quanex Building Products Co. (NYSE:NX)

Louisiana State Employees Retirement System purchased a new position in shares of Quanex Building Products Co. (NYSE:NX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 16,500 shares of the construction company’s stock, valued at approximately $504,000.

Other hedge funds have also recently modified their holdings of the company. Strs Ohio purchased a new stake in Quanex Building Products in the 3rd quarter worth approximately $59,000. DekaBank Deutsche Girozentrale bought a new position in shares of Quanex Building Products in the third quarter worth approximately $67,000. Quantbot Technologies LP purchased a new stake in shares of Quanex Building Products in the third quarter worth $83,000. Acadian Asset Management LLC bought a new stake in shares of Quanex Building Products during the 3rd quarter valued at $112,000. Finally, Rafferty Asset Management LLC purchased a new position in shares of Quanex Building Products during the 3rd quarter valued at $224,000. Institutional investors own 97.48% of the company’s stock.

Analyst Ratings Changes

Separately, Benchmark reiterated a “buy” rating and issued a $38.00 price target on shares of Quanex Building Products in a research note on Tuesday, April 23rd.

Quanex Building Products Stock Up 0.0 %

Shares of NX opened at $33.82 on Tuesday. Quanex Building Products Co. has a 12-month low of $18.92 and a 12-month high of $39.31. The company has a current ratio of 2.27, a quick ratio of 1.31 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $1.12 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 1.01 and a beta of 1.35. The business’s 50 day moving average is $35.69 and its 200 day moving average is $32.30.

Quanex Building Products (NYSE:NX) last released its earnings results on Thursday, March 7th. The construction company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.12 by $0.06. Quanex Building Products had a net margin of 7.84% and a return on equity of 17.11%. The firm had revenue of $239.16 million for the quarter, compared to the consensus estimate of $232.90 million. Research analysts expect that Quanex Building Products Co. will post 2.4 earnings per share for the current fiscal year.

Quanex Building Products Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.95%. Quanex Building Products’s payout ratio is 12.17%.

Insider Transactions at Quanex Building Products

In related news, SVP Paul Cornett sold 3,064 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $37.72, for a total transaction of $115,574.08. Following the completion of the transaction, the senior vice president now directly owns 43,902 shares of the company’s stock, valued at $1,655,983.44. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.15% of the company’s stock.

Quanex Building Products Company Profile

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