Quanex Building Products (NYSE:NX – Get Free Report) issued its quarterly earnings results on Thursday. The construction company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.13, Zacks reports. Quanex Building Products had a negative net margin of 13.85% and a positive return on equity of 11.11%.
Quanex Building Products Price Performance
Shares of NYSE NX traded down $0.09 during midday trading on Thursday, hitting $18.84. The company had a trading volume of 452,284 shares, compared to its average volume of 448,995. The company has a quick ratio of 1.23, a current ratio of 2.28 and a debt-to-equity ratio of 0.93. Quanex Building Products has a twelve month low of $11.04 and a twelve month high of $22.98. The business has a 50-day simple moving average of $18.97 and a two-hundred day simple moving average of $18.76. The firm has a market capitalization of $865.32 million, a price-to-earnings ratio of -3.35, a price-to-earnings-growth ratio of 0.80 and a beta of 0.94.
Quanex Building Products Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, September 15th. Quanex Building Products’s dividend payout ratio (DPR) is currently -5.68%.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on NX
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. lifted its position in shares of Quanex Building Products by 42.6% during the 4th quarter. Invesco Ltd. now owns 386,664 shares of the construction company’s stock valued at $5,947,000 after acquiring an additional 115,494 shares during the period. State of Tennessee Department of Treasury grew its holdings in shares of Quanex Building Products by 26.3% in the 4th quarter. State of Tennessee Department of Treasury now owns 21,138 shares of the construction company’s stock worth $325,000 after acquiring an additional 4,407 shares during the period. XTX Topco Ltd grew its holdings in shares of Quanex Building Products by 160.2% in the 4th quarter. XTX Topco Ltd now owns 78,775 shares of the construction company’s stock worth $1,212,000 after acquiring an additional 48,501 shares during the period. VARCOV Co. purchased a new position in Quanex Building Products in the 4th quarter valued at approximately $1,113,000. Finally, Numerai GP LLC increased its stake in Quanex Building Products by 4.2% in the 4th quarter. Numerai GP LLC now owns 92,781 shares of the construction company’s stock valued at $1,427,000 after purchasing an additional 3,701 shares in the last quarter. 97.48% of the stock is currently owned by institutional investors and hedge funds.
Quanex Building Products Company Profile
Quanex Building Products Corporation engages in the design, manufacture and distribution of components for the window, door and building products industries in North America. The company operates through two primary segments: Window Products and Door & Building Products. Its Window Products segment supplies vinyl window profiles and related accessories, while its Door & Building Products segment offers engineered door skins, panels, siding products, specialty moldings and other exterior building components.
Within its Window Products segment, Quanex produces extrusion profiles used by window fabricators to assemble vinyl casement, double-hung, slider and picture windows.
Recommended Stories
- Five stocks we like better than Quanex Building Products
- The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story
- NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now
- Dropping the Dough: Yum! Brands Strategically Trims the Fat
- These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern
Receive News & Ratings for Quanex Building Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quanex Building Products and related companies with MarketBeat.com's FREE daily email newsletter.
