Public Sector Pension Investment Board Has $2.78 Million Stock Holdings in Quanex Building Products Co. (NYSE:NX)

Public Sector Pension Investment Board lifted its stake in Quanex Building Products Co. (NYSE:NX - Free Report) by 37.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,280 shares of the construction company's stock after purchasing an additional 27,425 shares during the period. Public Sector Pension Investment Board owned 0.21% of Quanex Building Products worth $2,783,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Artemis Investment Management LLP acquired a new stake in Quanex Building Products during the 3rd quarter worth $15,343,000. Hennessy Advisors Inc. acquired a new stake in Quanex Building Products during the 2nd quarter worth $6,263,000. Pacer Advisors Inc. grew its holdings in Quanex Building Products by 14.6% during the 2nd quarter. Pacer Advisors Inc. now owns 1,295,125 shares of the construction company's stock worth $35,810,000 after acquiring an additional 165,121 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Quanex Building Products by 4.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,347,818 shares of the construction company's stock worth $92,902,000 after acquiring an additional 147,444 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Quanex Building Products by 26.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 669,270 shares of the construction company's stock worth $18,572,000 after acquiring an additional 139,208 shares during the period. Institutional investors and hedge funds own 97.48% of the company's stock.

Quanex Building Products Stock Up 1.3 %

NX traded up $0.37 during trading on Wednesday, hitting $29.40. The company had a trading volume of 215,540 shares, compared to its average volume of 351,373. The company has a market capitalization of $1.39 billion, a PE ratio of 12.90, a PEG ratio of 0.94 and a beta of 1.24. Quanex Building Products Co. has a one year low of $24.85 and a one year high of $39.31. The firm's 50-day moving average price is $29.33 and its 200 day moving average price is $29.18. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.09.

Quanex Building Products (NYSE:NX - Get Free Report) last posted its quarterly earnings data on Thursday, September 5th. The construction company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.70 by $0.03. The business had revenue of $280.35 million for the quarter, compared to analysts' expectations of $278.00 million. Quanex Building Products had a net margin of 6.88% and a return on equity of 14.68%. During the same period in the previous year, the firm posted $0.97 EPS. As a group, equities analysts expect that Quanex Building Products Co. will post 2.1 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. StockNews.com cut shares of Quanex Building Products from a "buy" rating to a "hold" rating in a research report on Thursday, November 28th. Benchmark reissued a "buy" rating and set a $38.00 price target on shares of Quanex Building Products in a research report on Wednesday, September 11th.

Quanex Building Products 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.