Nationwide Fund Advisors trimmed its stake in shares of Quanex Building Products Corporation (NYSE:NX) by 5.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,960 shares of the construction company’s stock after selling 1,710 shares during the quarter. Nationwide Fund Advisors owned approximately 0.08% of Quanex Building Products Corporation worth $591,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Texas Permanent School Fund increased its position in Quanex Building Products Corporation by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 25,148 shares of the construction company’s stock worth $532,000 after purchasing an additional 238 shares in the last quarter. Falcon Point Capital LLC increased its position in Quanex Building Products Corporation by 0.5% during the 2nd quarter. Falcon Point Capital LLC now owns 58,289 shares of the construction company’s stock worth $1,233,000 after purchasing an additional 294 shares in the last quarter. Arizona State Retirement System increased its position in Quanex Building Products Corporation by 1.7% during the 1st quarter. Arizona State Retirement System now owns 17,936 shares of the construction company’s stock worth $363,000 after purchasing an additional 300 shares in the last quarter. Prudential Financial Inc. increased its position in Quanex Building Products Corporation by 0.6% during the 1st quarter. Prudential Financial Inc. now owns 58,566 shares of the construction company’s stock worth $1,186,000 after purchasing an additional 340 shares in the last quarter. Finally, Anchor Capital Advisors LLC increased its position in Quanex Building Products Corporation by 0.5% during the 2nd quarter. Anchor Capital Advisors LLC now owns 131,083 shares of the construction company’s stock worth $2,772,000 after purchasing an additional 639 shares in the last quarter. Institutional investors and hedge funds own 99.87% of the company’s stock.

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A number of equities analysts recently issued reports on the stock. KeyCorp reiterated a “hold” rating on shares of Quanex Building Products Corporation in a research report on Friday, October 27th. Zacks Investment Research cut shares of Quanex Building Products Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. TheStreet upgraded shares of Quanex Building Products Corporation from a “c” rating to a “b-” rating in a research report on Wednesday, September 6th. Wedbush upgraded shares of Quanex Building Products Corporation from a “neutral” rating to an “outperform” rating and lowered their price objective for the stock from $25.00 to $24.00 in a research report on Friday, September 8th. Finally, BidaskClub cut shares of Quanex Building Products Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. Quanex Building Products Corporation has a consensus rating of “Hold” and an average price target of $24.00.

Quanex Building Products Corporation (NYSE:NX) last posted its quarterly earnings results on Wednesday, September 6th. The construction company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). The business had revenue of $229.40 million for the quarter, compared to analysts’ expectations of $235.45 million. Quanex Building Products Corporation had a return on equity of 7.87% and a net margin of 1.52%. The company’s revenue was down 7.5% compared to the same quarter last year. During the same period last year, the business posted $0.27 earnings per share.

In other Quanex Building Products Corporation news, VP Brent L. Korb sold 17,500 shares of Quanex Building Products Corporation stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $21.15, for a total transaction of $370,125.00. Following the transaction, the vice president now directly owns 94,679 shares of the company’s stock, valued at $2,002,460.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company 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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