Teachers Retirement System of The State of Kentucky continued to hold its position in shares of Quanex Building Products Corporation (NYSE:NX) during the first quarter, Holdings Channel reports. The institutional investor owned 12,025 shares of the construction company’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in Quanex Building Products Corporation were worth $244,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BNP Paribas Arbitrage SA raised its position in shares of Quanex Building Products Corporation by 5.3% in the first quarter. BNP Paribas Arbitrage SA now owns 7,938 shares of the construction company’s stock valued at $161,000 after buying an additional 403 shares in the last quarter. Mason Street Advisors LLC raised its position in shares of Quanex Building Products Corporation by 7.6% in the first quarter. Mason Street Advisors LLC now owns 8,045 shares of the construction company’s stock valued at $163,000 after buying an additional 568 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of Quanex Building Products Corporation during the first quarter valued at about $217,000. Louisiana State Employees Retirement System raised its position in shares of Quanex Building Products Corporation by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 14,000 shares of the construction company’s stock valued at $284,000 after buying an additional 200 shares in the last quarter. Finally, Arizona State Retirement System raised its position in shares of Quanex Building Products Corporation by 1.7% in the first quarter. Arizona State Retirement System now owns 17,936 shares of the construction company’s stock valued at $363,000 after buying an additional 300 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors.

Quanex Building Products Corporation (NYSE NX) traded down 0.50% during mid-day trading on Friday, reaching $20.00. The company’s stock had a trading volume of 38,145 shares. The stock’s 50 day moving average is $21.24 and its 200 day moving average is $20.29. The firm’s market cap is $683.14 million. Quanex Building Products Corporation has a one year low of $15.41 and a one year high of $22.65.

Quanex Building Products Corporation (NYSE:NX) last posted its earnings results on Tuesday, May 30th. The construction company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.06. Quanex Building Products Corporation had a positive return on equity of 7.70% and a negative net margin of 0.09%. The business 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 firm earned $0.11 earnings per share. The business’s revenue was down 8.9% compared to the same quarter last year. On average, analysts anticipate that Quanex Building Products Corporation will post $0.79 EPS for the current year.

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Several research analysts recently issued reports on NX shares. Sidoti started coverage on Quanex Building Products Corporation in a research report on Monday. They set a “buy” rating on the stock. Zacks Investment Research upgraded Quanex Building Products Corporation from a “sell” rating to a “hold” rating in a research note on Thursday. Wedbush reiterated an “outperform” rating and set a $25.00 price target on shares of Quanex Building Products Corporation in a research note on Wednesday, July 19th. Finally, BidaskClub downgraded Quanex Building Products Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Quanex Building Products Corporation has an average rating of “Hold” and a consensus price target of $23.75.

In other news, SVP Kevin P. Delaney sold 13,642 shares of Quanex Building Products Corporation stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $21.01, for a total transaction of $286,618.42. Following the sale, the senior vice president now owns 111,991 shares in the company, valued at $2,352,930.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kevin P. Delaney sold 21,275 shares of Quanex Building Products Corporation stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $21.16, for a total value of $450,179.00. Following the sale, the senior vice president now owns 103,963 shares in the company, valued at approximately $2,199,857.08. The disclosure for this sale can be found here. Insiders have sold 104,809 shares of company stock worth $2,230,713 in the last quarter. Insiders own 5.32% of the company’s stock.

Quanex Building Products Corporation Company Profile

Want to see what other hedge funds are holding NX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quanex Building Products Corporation (NYSE:NX).

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

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