Quanex Building Products Corporation $NX Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its position in shares of Quanex Building Products Corporation (NYSE:NX) by 2.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 137,175 shares of the construction company’s stock after selling 2,915 shares during the quarter. Rhumbline Advisers owned about 0.29% of Quanex Building Products worth $2,550,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NX. Segall Bryant & Hamill LLC raised its stake in Quanex Building Products by 31.1% during the first quarter. Segall Bryant & Hamill LLC now owns 1,367,758 shares of the construction company’s stock valued at $25,427,000 after buying an additional 324,548 shares in the last quarter. Nuveen LLC acquired a new stake in Quanex Building Products during the first quarter valued at approximately $3,413,000. Systematic Financial Management LP raised its stake in Quanex Building Products by 14.5% during the first quarter. Systematic Financial Management LP now owns 1,202,505 shares of the construction company’s stock valued at $22,355,000 after buying an additional 152,275 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Quanex Building Products by 6.1% during the first quarter. Ameriprise Financial Inc. now owns 2,109,352 shares of the construction company’s stock valued at $39,212,000 after buying an additional 121,323 shares in the last quarter. Finally, Bastion Asset Management Inc. acquired a new stake in Quanex Building Products during the first quarter valued at approximately $2,460,000. Institutional investors and hedge funds own 97.48% of the company’s stock.

Insider Buying and Selling

In other Quanex Building Products news, Director Bradley E. Hughes bought 6,500 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were purchased at an average cost of $15.27 per share, for a total transaction of $99,255.00. Following the transaction, the director directly owned 6,500 shares in the company, valued at $99,255. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.15% of the stock is currently owned by corporate insiders.

Quanex Building Products Stock Up 1.3%

Shares of Quanex Building Products stock opened at $15.23 on Wednesday. The company has a current ratio of 2.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.97. The business’s 50 day simple moving average is $19.54 and its 200-day simple moving average is $18.72. The stock has a market capitalization of $698.75 million, a price-to-earnings ratio of -2.45, a PEG ratio of 0.54 and a beta of 0.99. Quanex Building Products Corporation has a twelve month low of $14.39 and a twelve month high of $32.23.

Quanex Building Products (NYSE:NX) last announced its quarterly earnings results on Thursday, September 4th. The construction company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.16). The company had revenue of $495.27 million for the quarter, compared to analyst estimates of $491.65 million. Quanex Building Products had a positive return on equity of 10.48% and a negative net margin of 15.45%.During the same quarter in the previous year, the company posted $0.73 earnings per share. Quanex Building Products has set its FY 2025 guidance at EPS. Equities research analysts forecast that Quanex Building Products Corporation will post 2.18 earnings per share for the current year.

Quanex Building Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.1%. The ex-dividend date is Tuesday, September 16th. Quanex Building Products’s dividend payout ratio (DPR) is currently -5.14%.

Wall Street Analyst Weigh In

Separately, Zacks Research cut Quanex Building Products from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 11th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

About Quanex Building Products

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.