Creative Planning Has $917,000 Holdings in Quanex Building Products Corporation $NX

Creative Planning lessened its stake in shares of Quanex Building Products Corporation (NYSE:NX) by 20.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,521 shares of the construction company’s stock after selling 12,428 shares during the quarter. Creative Planning owned about 0.11% of Quanex Building Products worth $917,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of NX. Northern Trust Corp grew its position in shares of Quanex Building Products by 1.5% in the first quarter. Northern Trust Corp now owns 497,810 shares of the construction company’s stock valued at $9,254,000 after purchasing an additional 7,564 shares during the last quarter. Vestcor Inc increased its position in shares of Quanex Building Products by 46.7% during the first quarter. Vestcor Inc now owns 28,400 shares of the construction company’s stock valued at $528,000 after purchasing an additional 9,040 shares during the period. Nisa Investment Advisors LLC increased its holdings in Quanex Building Products by 25.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 20,060 shares of the construction company’s stock valued at $379,000 after buying an additional 4,009 shares during the period. GAMMA Investing LLC raised its position in Quanex Building Products by 62.0% in the second quarter. GAMMA Investing LLC now owns 4,242 shares of the construction company’s stock worth $80,000 after purchasing an additional 1,624 shares in the last quarter. Finally, Bastion Asset Management Inc. raised its holdings in shares of Quanex Building Products by 161.3% in the 2nd quarter. Bastion Asset Management Inc. now owns 314,601 shares of the construction company’s stock worth $6,093,000 after buying an additional 194,205 shares in the last quarter. 97.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Quanex Building Products

In related news, Director Bradley E. Hughes bought 6,500 shares of the business’s stock in a transaction dated Thursday, September 11th. The stock was bought at an average price of $15.27 per share, for a total transaction of $99,255.00. Following the purchase, the director owned 6,500 shares in the company, valued at $99,255. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.15% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on NX. Weiss Ratings reissued a “sell (d)” rating on shares of Quanex Building Products in a report on Wednesday, October 8th. Zacks Research upgraded Quanex Building Products from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Quanex Building Products Price Performance

Shares of NX opened at $13.12 on Tuesday. The company has a market cap of $601.68 million, a price-to-earnings ratio of -2.11, a PEG ratio of 0.52 and a beta of 0.99. The company’s fifty day simple moving average is $13.71 and its 200 day simple moving average is $17.10. Quanex Building Products Corporation has a 1-year low of $11.04 and a 1-year high of $29.83. The company has a current ratio of 2.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.97.

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 the consensus estimate of $0.85 by ($0.16). Quanex Building Products had a negative net margin of 15.45% and a positive return on equity of 10.48%. The firm had revenue of $495.27 million during the quarter, compared to analyst estimates of $491.65 million. During the same quarter last year, the business posted $0.73 earnings per share. Quanex Building Products has set its FY 2025 guidance at EPS. On average, research analysts forecast that Quanex Building Products Corporation will post 2.18 earnings per share for the current fiscal year.

Quanex Building Products Company 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.