GAMMA Investing LLC Grows Stake in Quanex Building Products Corporation $NX

GAMMA Investing LLC increased its holdings in Quanex Building Products Corporation (NYSE:NX) by 62.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,242 shares of the construction company’s stock after buying an additional 1,624 shares during the period. GAMMA Investing LLC’s holdings in Quanex Building Products were worth $80,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NX. Signaturefd LLC raised its stake in Quanex Building Products by 25,254.5% in the first quarter. Signaturefd LLC now owns 2,789 shares of the construction company’s stock valued at $52,000 after purchasing an additional 2,778 shares in the last quarter. Algert Global LLC increased its holdings in shares of Quanex Building Products by 15.8% in the 1st quarter. Algert Global LLC now owns 10,170 shares of the construction company’s stock worth $189,000 after buying an additional 1,389 shares during the last quarter. Johnson Investment Counsel Inc. bought a new position in shares of Quanex Building Products in the 1st quarter worth $190,000. Nisa Investment Advisors LLC lifted its holdings in shares of Quanex Building Products by 6.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 16,051 shares of the construction company’s stock worth $298,000 after acquiring an additional 997 shares during the last quarter. Finally, Thompson Davis & CO. Inc. purchased a new position in Quanex Building Products in the first quarter worth $310,000. 97.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Quanex Building Products

In other Quanex Building Products news, Director Bradley E. Hughes bought 6,500 shares of Quanex Building Products stock in a transaction dated Thursday, September 11th. The shares were purchased at an average cost of $15.27 per share, with a total value of $99,255.00. Following the transaction, the director directly owned 6,500 shares of the company’s stock, valued at $99,255. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.15% of the stock is owned by corporate insiders.

Quanex Building Products Stock Performance

Quanex Building Products stock opened at $14.73 on Friday. 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 firm has a market cap of $675.58 million, a P/E ratio of -2.37, a P/E/G ratio of 0.52 and a beta of 0.98. Quanex Building Products Corporation has a 1-year low of $13.22 and a 1-year high of $32.23. The firm has a 50-day moving average of $18.26 and a 200-day moving average of $18.28.

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

Quanex Building Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Tuesday, September 16th. Quanex Building Products’s dividend payout ratio (DPR) is presently -5.14%.

Analysts Set New Price Targets

Separately, Zacks Research lowered 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 data from MarketBeat.com, Quanex Building Products 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.