Quanex Building Products (NX) Stock Price, News & Analysis

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Quanex Building Products in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" NX shares.
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1 Wall Street analysts have issued 1-year price targets for Quanex Building Products' shares. Their NX share price targets range from $35.00 to $35.00. On average, they anticipate the company's stock price to reach $35.00 in the next twelve months. This suggests a possible upside of 1.5% from the stock's current price.
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Quanex Building Products' stock was trading at $30.57 at the beginning of the year. Since then, NX stock has increased by 12.8% and is now trading at $34.4850.
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Quanex Building Products saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 607,800 shares, a decrease of 22.2% from the March 15th total of 781,100 shares. Based on an average daily trading volume, of 147,900 shares, the short-interest ratio is presently 4.1 days. Currently, 1.9% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, June 6th 2024.
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Quanex Building Products Co. (NYSE:NX) released its earnings results on Thursday, March, 7th. The construction company reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.06. The construction company earned $239.16 million during the quarter, compared to analyst estimates of $232.90 million. Quanex Building Products had a net margin of 7.84% and a trailing twelve-month return on equity of 17.11%.

Quanex Building Products declared a quarterly dividend on Wednesday, February 28th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.08 per share on Friday, March 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, March 14th.
Read our dividend analysis for NX.

Quanex Building Products (NYSE:NX) pays an annual dividend of $0.32 per share and currently has a dividend yield of 0.89%. The dividend payout ratio is 12.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NX will have a dividend payout ratio of 11.64% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NX.

ETFs with the largest weight of Quanex Building Products (NYSE:NX) stock in their portfolio include Euclidean Fundamental Value ETF (ECML), iShares US Small Cap Value Factor ETF (SVAL), Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) and iShares Micro-Cap ETF (IWC).iShares U.S. Home Construction ETF (ITB).

Quanex Building Products updated its second quarter 2024 earnings guidance on Monday, March, 11th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $268.0 million-$273.5 million, compared to the consensus revenue estimate of $259.2 million.

24 employees have rated Quanex Building Products Chief Executive Officer Bill Griffiths on Glassdoor.com. Bill Griffiths has an approval rating of 65% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Quanex Building Products investors own include Fastenal (FAST), Santander Consumer USA (SC), Veeva Systems (VEEV), AbbVie (ABBV), Advanced Micro Devices (AMD), Cara Therapeutics (CARA), Freeport-McMoRan (FCX), Aurinia Pharmaceuticals (AUPH) and Broadcom (AVGO).

Quanex Building Products' stock is owned by a variety of retail and institutional investors. Top institutional investors include GAMMA Investing LLC (0.01%). Insiders that own company stock include Curtis M Stevens, George Laverne Wilson, Jason Lippert, Meredith W Mendes, Paul Cornett, Susan F Davis and William C Griffiths.
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Shares of NX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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