Falcon Point Capital LLC increased its position in Quanex Building Products Corporation (NYSE:NX) by 0.5% during the second quarter, Holdings Channel reports. The institutional investor owned 58,289 shares of the construction company’s stock after buying an additional 294 shares during the period. Falcon Point Capital LLC’s holdings in Quanex Building Products Corporation were worth $1,233,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. boosted its stake in Quanex Building Products Corporation by 9.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 272,261 shares of the construction company’s stock worth $5,759,000 after buying an additional 22,637 shares in the last quarter. TD Asset Management Inc. boosted its stake in Quanex Building Products Corporation by 9.6% in the second quarter. TD Asset Management Inc. now owns 42,717 shares of the construction company’s stock worth $903,000 after buying an additional 3,747 shares in the last quarter. Anchor Capital Advisors LLC boosted its stake in Quanex Building Products Corporation by 0.5% in the second quarter. Anchor Capital Advisors LLC now owns 131,083 shares of the construction company’s stock worth $2,772,000 after buying an additional 639 shares in the last quarter. Texas Permanent School Fund boosted its stake in Quanex Building Products Corporation by 1.0% in the second quarter. Texas Permanent School Fund now owns 25,148 shares of the construction company’s stock worth $532,000 after buying an additional 238 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Quanex Building Products Corporation by 83.4% in the second quarter. Russell Investments Group Ltd. now owns 129,606 shares of the construction company’s stock worth $2,741,000 after buying an additional 58,948 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors.

Shares of Quanex Building Products Corporation (NYSE NX) opened at 19.90 on Friday. The company’s market capitalization is $679.72 million. Quanex Building Products Corporation has a 12-month low of $15.41 and a 12-month high of $22.65. The firm’s 50-day moving average price is $21.20 and its 200-day moving average price is $20.29.

Quanex Building Products Corporation (NYSE:NX) last issued its quarterly earnings data on Tuesday, May 30th. The construction company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. The business had revenue of $209.10 million during the quarter, compared to the consensus estimate of $205.27 million. Quanex Building Products Corporation had a negative net margin of 0.09% and a positive return on equity of 7.70%. The company’s revenue was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.11 earnings per share. On average, analysts expect that Quanex Building Products Corporation will post $0.79 EPS for the current fiscal year.

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A number of equities research analysts have commented on the company. BidaskClub cut Quanex Building Products Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Sidoti assumed coverage on Quanex Building Products Corporation in a report on Monday, August 7th. They set a “buy” rating on the stock. Wedbush reissued an “outperform” rating and set a $25.00 price target on shares of Quanex Building Products Corporation in a report on Wednesday, July 19th. Finally, Zacks Investment Research raised Quanex Building Products Corporation from a “sell” rating to a “hold” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $23.75.

In related news, SVP Kevin P. Delaney sold 21,275 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $21.16, for a total transaction of $450,179.00. Following the completion of the transaction, the senior vice president now owns 103,963 shares in the company, valued at approximately $2,199,857.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Kevin P. Delaney sold 59,700 shares of the company’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $21.35, for a total transaction of $1,274,595.00. Following the transaction, the senior vice president now owns 133,471 shares of the company’s stock, valued at approximately $2,849,605.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,809 shares of company stock valued at $2,230,713. Insiders own 5.32% of the company’s stock.

Quanex Building Products Corporation Company Profile

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

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