Wall Street Zen Upgrades Quanex Building Products (NYSE:NX) to "Strong-Buy"

Key Points

• Wall Street Zen upgraded Quanex Building Products to “strong-buy” from “hold,” while the broader analyst consensus remains “Hold” with an average price target of $28.00.
• Quanex shares rose 2.7% to open at $21.66, and the company reported quarterly EPS of $0.79, beating estimates of $0.66, alongside revenue of $501.85 million versus expectations of $497.51 million.
• Institutional investors own 97.48% of the stock, with BlackRock establishing a new position and several other major investment firms increasing their holdings.

Quanex Building Products (NYSE:NX - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "strong-buy" rating in a research note issued on Saturday, Wall Street Zen reports.

A number of other equities analysts have also issued reports on the company. Benchmark reissued a "buy" rating on shares of Quanex Building Products in a report on Thursday, August 27th. Weiss Ratings raised Quanex Building Products from a "sell (d)" rating to a "hold (c)" rating in a research note on Tuesday. Finally, Zacks Research raised Quanex Building Products from a "strong sell" rating to a "hold" rating in a research report on Friday, July 17th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $28.00.

Quanex Building Products Stock Up 2.7%

Shares of NYSE:NX opened at $21.66 on Friday. Quanex Building Products has a 1-year low of $11.04 and a 1-year high of $23.33. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.23 and a quick ratio of 1.21. The stock has a market cap of $992.73 million, a P/E ratio of 21.88, a P/E/G ratio of 0.83 and a beta of 0.94. The firm has a fifty day moving average price of $19.49 and a 200 day moving average price of $18.76.

Quanex Building Products (NYSE:NX - Get Free Report) last posted its quarterly earnings data on Thursday, September 3rd. The construction company reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.13. Quanex Building Products had a net margin of 2.43% and a return on equity of 11.61%. The company had revenue of $501.85 million for the quarter, compared to analyst estimates of $497.51 million. During the same period in the previous year, the business posted ($6.04) earnings per share. Sell-side analysts predict that Quanex Building Products will post 1.82 EPS for the current year.

Institutional Trading of Quanex Building Products

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Quanex Building Products during the second quarter worth about $136,089,000. Ameriprise Financial Inc. raised its holdings in Quanex Building Products by 7.9% during the second quarter. Ameriprise Financial Inc. now owns 2,275,870 shares of the construction company's stock worth $43,013,000 after purchasing an additional 166,518 shares in the last quarter. Systematic Financial Management LP lifted its position in Quanex Building Products by 10.3% in the fourth quarter. Systematic Financial Management LP now owns 1,773,756 shares of the construction company's stock valued at $27,280,000 after purchasing an additional 165,424 shares during the period. Dimensional Fund Advisors LP lifted its position in Quanex Building Products by 36.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,741,613 shares of the construction company's stock valued at $31,296,000 after purchasing an additional 462,992 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Quanex Building Products by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,099,557 shares of the construction company's stock valued at $16,914,000 after purchasing an additional 4,976 shares in the last quarter. Institutional investors and hedge funds own 97.48% of the company's stock.

Quanex Building Products News Summary

Here are the key news stories impacting Quanex Building Products this week:

• Positive Sentiment: Sidoti raised its FY2026 EPS forecast to $1.82 from $1.77, above the current consensus estimate of $1.77. Its Q4 2026 estimate also increased to $0.79 from $0.74, suggesting improved expectations for near-term profitability. Quanex Building Products analyst estimates
• Positive Sentiment: The analyst lifted its Q3 2027 EPS forecast to $0.87 from $0.83 and expects FY2028 EPS of $2.34. The longer-term forecast implies earnings growth beyond the current fiscal year and may support the investment case. Quanex Building Products analyst estimates
• Neutral Sentiment: Sidoti initiated or reiterated estimates of $0.38 EPS for Q2 2027, a $0.12-per-share loss for Q1 2028, $0.44 EPS for Q2 2028 and $0.95 EPS for Q3 2028. These forecasts indicate seasonal volatility, including a projected loss in early 2028. Quanex Building Products analyst estimates
• Negative Sentiment: Sidoti reduced its FY2027 EPS forecast to $2.05 from $2.25, cut Q2 2027 EPS to $0.38 from $0.46 and lowered Q4 2027 EPS to $0.99 from $1.03. These downward revisions point to weaker expected earnings momentum during 2027. Quanex Building Products analyst estimates

About Quanex Building Products

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.

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