12,540 Shares in Quanex Building Products Corporation $NX Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new stake in shares of Quanex Building Products Corporation (NYSE:NX) during the second quarter, HoldingsChannel reports. The fund purchased 12,540 shares of the construction company’s stock, valued at approximately $237,000.

A number of other institutional investors and hedge funds have also made changes to their positions in NX. GSA Capital Partners LLP raised its position in shares of Quanex Building Products by 195.4% during the 1st quarter. GSA Capital Partners LLP now owns 55,313 shares of the construction company’s stock valued at $1,028,000 after buying an additional 36,586 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Quanex Building Products by 6.6% in the first 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 in the last quarter. Northern Trust Corp increased its stake in Quanex Building Products by 1.5% during the first quarter. Northern Trust Corp now owns 497,810 shares of the construction company’s stock worth $9,254,000 after acquiring an additional 7,564 shares during the last quarter. Vestcor Inc raised its position in 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. Finally, GAMMA Investing LLC raised its position in Quanex Building Products by 62.0% during the second quarter. GAMMA Investing LLC now owns 4,242 shares of the construction company’s stock valued at $80,000 after purchasing an additional 1,624 shares during the period. 97.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NX shares. Weiss Ratings reiterated 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 research report on Monday. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

Insider Buying and Selling

In related news, Director Bradley E. Hughes acquired 6,500 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the director directly owned 6,500 shares of the company’s stock, valued at $99,255. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.15% of the stock is owned by corporate insiders.

Quanex Building Products Stock Down 1.1%

Shares of NYSE:NX opened at $13.03 on Friday. The firm has a market capitalization of $597.78 million, a PE ratio of -2.09, a price-to-earnings-growth ratio of 0.52 and a beta of 0.99. The business has a 50 day simple moving average of $14.38 and a two-hundred day simple moving average of $17.53. Quanex Building Products Corporation has a 1 year low of $12.84 and a 1 year high of $32.23. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.20 and a quick ratio of 1.18.

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 business had revenue of $495.27 million for 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 period in the prior year, the business posted $0.73 earnings per share. Quanex Building Products has set its FY 2025 guidance at EPS. On average, equities analysts predict that Quanex Building Products Corporation will post 2.18 EPS for the current year.

Quanex Building Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a $0.08 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.5%. Quanex Building Products’s dividend payout ratio is presently -5.14%.

Quanex Building Products 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.