Quanex Building Products (NYSE:NX) Reaches New 52-Week Low – Should You Sell?

Quanex Building Products Corporation (NYSE:NX) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $14.18 and last traded at $14.23, with a volume of 142018 shares changing hands. The stock had previously closed at $14.55.

Wall Street Analysts Forecast Growth

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

Quanex Building Products Stock Down 5.8%

The company has a quick ratio of 1.18, a current ratio of 2.20 and a debt-to-equity ratio of 0.97. The stock has a 50-day simple moving average of $19.16 and a 200-day simple moving average of $18.62. The firm has a market capitalization of $628.56 million, a PE ratio of -2.20, a P/E/G ratio of 0.50 and a beta of 0.99.

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

Quanex Building Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.32 dividend on an annualized basis and a yield of 2.3%. Quanex Building Products’s dividend payout ratio is presently -5.14%.

Insider Activity

In other news, Director Bradley E. Hughes bought 6,500 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was purchased at an average price of $15.27 per share, with a total value of $99,255.00. Following the transaction, the director owned 6,500 shares of the company’s stock, valued at approximately $99,255. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.15% of the company’s stock.

Hedge Funds Weigh In On Quanex Building Products

A number of institutional investors have recently bought and sold shares of NX. CWM LLC grew its position in Quanex Building Products by 104.5% in the second quarter. CWM LLC now owns 1,468 shares of the construction company’s stock worth $28,000 after acquiring an additional 750 shares in the last quarter. Allworth Financial LP increased its position in shares of Quanex Building Products by 17,191.7% in the 2nd quarter. Allworth Financial LP now owns 2,075 shares of the construction company’s stock valued at $39,000 after acquiring an additional 2,063 shares during the period. GAMMA Investing LLC increased its position in shares of 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 acquiring an additional 1,350 shares during the period. Signaturefd LLC increased its position in shares of Quanex Building Products by 25,254.5% in the 1st quarter. Signaturefd LLC now owns 2,789 shares of the construction company’s stock valued at $52,000 after acquiring an additional 2,778 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in shares of Quanex Building Products by 210.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,138 shares of the construction company’s stock valued at $97,000 after acquiring an additional 3,484 shares during the period. 97.48% of the stock is owned by institutional investors.

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.