Quanex Building Products Corporation $NX Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its holdings in shares of Quanex Building Products Corporation (NYSE:NX) by 25.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,060 shares of the construction company’s stock after acquiring an additional 4,009 shares during the period. Nisa Investment Advisors LLC’s holdings in Quanex Building Products were worth $379,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Janney Montgomery Scott LLC boosted its stake in shares of Quanex Building Products by 3.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 22,136 shares of the construction company’s stock worth $418,000 after purchasing an additional 698 shares during the last quarter. CWM LLC boosted its stake in shares of Quanex Building Products by 104.5% during the 2nd quarter. CWM LLC now owns 1,468 shares of the construction company’s stock worth $28,000 after purchasing an additional 750 shares during the last quarter. SummerHaven Investment Management LLC boosted its position in shares of Quanex Building Products by 3.0% in the second quarter. SummerHaven Investment Management LLC now owns 30,324 shares of the construction company’s stock worth $573,000 after acquiring an additional 893 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Quanex Building Products by 106.5% in the first quarter. GAMMA Investing LLC now owns 2,618 shares of the construction company’s stock worth $49,000 after acquiring an additional 1,350 shares during the last quarter. Finally, Algert Global LLC boosted its position in shares of Quanex Building Products by 15.8% in the first quarter. Algert Global LLC now owns 10,170 shares of the construction company’s stock worth $189,000 after acquiring an additional 1,389 shares during the last quarter. 97.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NX has been the topic of several research reports. Weiss Ratings restated a “sell (d)” rating on shares of Quanex Building Products in a report on Wednesday, October 8th. Zacks Research lowered shares of Quanex Building Products from a “hold” rating to a “strong sell” rating in a report on Thursday, September 11th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, Quanex Building Products currently has an average rating of “Sell”.

Quanex Building Products Stock Down 0.5%

Shares of NYSE:NX opened at $14.18 on Monday. 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 company has a fifty day simple moving average of $15.83 and a 200 day simple moving average of $17.73. The firm has a market cap of $650.40 million, a PE ratio of -2.28, a price-to-earnings-growth ratio of 0.52 and a beta of 0.98. Quanex Building Products Corporation has a 12-month low of $13.11 and a 12-month high of $32.23.

Quanex Building Products (NYSE:NX) last issued its quarterly 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 the consensus estimate 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 last year, the firm posted $0.73 EPS. Quanex Building Products has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Quanex Building Products Corporation will post 2.18 EPS for the current fiscal year.

Quanex Building Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, September 16th. Quanex Building Products’s payout ratio is currently -5.14%.

Insider Buying and Selling

In other Quanex Building Products news, Director Bradley E. Hughes acquired 6,500 shares of the firm’s stock in a transaction on 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 completion of the acquisition, the director directly owned 6,500 shares in the company, valued at $99,255. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.15% of the stock is currently owned by corporate insiders.

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.