Quanex Building Products Corporation $NX Shares Acquired by Northern Trust Corp

Northern Trust Corp lifted its position in shares of Quanex Building Products Corporation (NYSE:NX) by 1.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 497,810 shares of the construction company’s stock after buying an additional 7,564 shares during the period. Northern Trust Corp owned approximately 1.05% of Quanex Building Products worth $9,254,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. SummerHaven Investment Management LLC boosted its position in Quanex Building Products by 2.4% during the 1st quarter. SummerHaven Investment Management LLC now owns 29,431 shares of the construction company’s stock worth $547,000 after purchasing an additional 685 shares during the period. Lazard Asset Management LLC boosted its position in Quanex Building Products by 3.5% in the 4th quarter. Lazard Asset Management LLC now owns 29,300 shares of the construction company’s stock valued at $710,000 after buying an additional 997 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Quanex Building Products by 6.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 16,051 shares of the construction company’s stock valued at $298,000 after buying an additional 997 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Quanex Building Products by 4.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 23,598 shares of the construction company’s stock valued at $572,000 after buying an additional 1,048 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Quanex Building Products by 106.5% in the 1st quarter. GAMMA Investing LLC now owns 2,618 shares of the construction company’s stock valued at $49,000 after buying an additional 1,350 shares during the last quarter. 97.48% of the stock is currently owned by institutional investors and hedge funds.

Quanex Building Products Stock Performance

Shares of Quanex Building Products stock opened at $18.19 on Friday. The firm has a market cap of $835.96 million, a PE ratio of -2.92, a price-to-earnings-growth ratio of 0.57 and a beta of 0.99. The firm’s 50-day simple moving average is $20.23 and its 200-day simple moving average is $18.97. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.26 and a current ratio of 2.41. Quanex Building Products Corporation has a 1 year low of $15.30 and a 1 year high of $32.23.

Quanex Building Products (NYSE:NX) last issued its earnings results on Thursday, September 4th. The construction company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.16). The company had revenue of $495.27 million during the quarter, compared to analyst estimates of $491.65 million. Quanex Building Products had a negative net margin of 15.45% and a positive return on equity of 9.75%. During the same quarter last year, the company posted $0.73 EPS. Quanex Building Products has set its FY 2025 guidance at EPS. Equities analysts forecast that Quanex Building Products Corporation will post 2.18 earnings per share for the current fiscal year.

Quanex Building Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a $0.08 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $0.32 annualized dividend and a dividend yield of 1.8%. Quanex Building Products’s dividend payout ratio (DPR) is 54.24%.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Quanex Building Products to a “hold” rating in a research report on Monday, August 11th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

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.