Illinois Municipal Retirement Fund Raises Stock Holdings in Quanex Building Products Co. (NYSE:NX)

Illinois Municipal Retirement Fund boosted its holdings in Quanex Building Products Co. (NYSE:NX) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,572 shares of the construction company’s stock after buying an additional 1,279 shares during the quarter. Illinois Municipal Retirement Fund owned 0.05% of Quanex Building Products worth $620,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Public Employees Retirement System of Ohio raised its position in Quanex Building Products by 69.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,477 shares of the construction company’s stock worth $41,000 after buying an additional 605 shares during the last quarter. Quarry LP grew its stake in shares of Quanex Building Products by 150.8% during the 3rd quarter. Quarry LP now owns 1,126 shares of the construction company’s stock valued at $31,000 after purchasing an additional 677 shares during the period. State of New Jersey Common Pension Fund D grew its stake in shares of Quanex Building Products by 1.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 70,230 shares of the construction company’s stock valued at $1,702,000 after purchasing an additional 1,019 shares during the period. Franklin Resources Inc. grew its stake in shares of Quanex Building Products by 6.4% during the 3rd quarter. Franklin Resources Inc. now owns 19,203 shares of the construction company’s stock valued at $562,000 after purchasing an additional 1,150 shares during the period. Finally, KBC Group NV grew its stake in shares of Quanex Building Products by 69.8% during the 4th quarter. KBC Group NV now owns 2,843 shares of the construction company’s stock valued at $69,000 after purchasing an additional 1,169 shares during the period. Hedge funds and other institutional investors own 97.48% of the company’s stock.

Insider Activity at Quanex Building Products

In other Quanex Building Products news, CEO George Laverne Wilson purchased 4,328 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was acquired at an average cost of $23.03 per share, for a total transaction of $99,673.84. Following the purchase, the chief executive officer now directly owns 287,644 shares of the company’s stock, valued at $6,624,441.32. This trade represents a 1.53 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.15% of the stock is currently owned by corporate insiders.

Quanex Building Products Trading Down 2.1 %

Quanex Building Products stock opened at $18.88 on Tuesday. The business has a 50-day simple moving average of $22.39 and a two-hundred day simple moving average of $26.34. The company has a market cap of $891.31 million, a P/E ratio of 16.86, a P/E/G ratio of 0.68 and a beta of 1.28. The company has a quick ratio of 1.23, a current ratio of 2.24 and a debt-to-equity ratio of 0.73. Quanex Building Products Co. has a 52-week low of $18.77 and a 52-week high of $39.31.

Quanex Building Products (NYSE:NX) last announced its quarterly earnings data on Thursday, December 12th. The construction company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.08. Quanex Building Products had a return on equity of 11.79% and a net margin of 2.59%. During the same quarter in the prior year, the firm posted $0.95 earnings per share. Analysts predict that Quanex Building Products Co. will post 2.18 EPS for the current year.

Quanex Building Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, March 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.69%. Quanex Building Products’s dividend payout ratio (DPR) is presently 28.57%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Quanex Building Products from a “hold” rating to a “sell” rating in a research note on Sunday, December 22nd.

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.