Bank of New York Mellon Corp Makes New $4.97 Million Investment in Quanex Building Products Corporation $NX

Key Points

• Bank of New York Mellon acquired 266,752 Quanex shares worth approximately $4.97 million, representing about 0.58% of the company. Institutional investors collectively own 97.48% of NX.
• Quanex reported quarterly adjusted EPS of $0.79 and revenue of $501.85 million, beating analyst estimates. Margins and adjusted EBITDA improved, while the company repaid $42.25 million of debt and increased liquidity.
• Shares opened at $22.65 after rising 20.7%, near the 12-month high of $23.23. Analyst sentiment remains mixed, with an overall “Hold” rating and a consensus price target of $28.

Bank of New York Mellon Corp acquired a new position in Quanex Building Products Corporation (NYSE:NX - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 266,752 shares of the construction company's stock, valued at approximately $4,967,000. Bank of New York Mellon Corp owned approximately 0.58% of Quanex Building Products at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. increased its holdings in Quanex Building Products by 7.9% in the second quarter. Ameriprise Financial Inc. now owns 2,275,870 shares of the construction company's stock valued at $43,013,000 after buying an additional 166,518 shares during the last quarter. Systematic Financial Management LP lifted its holdings in Quanex Building Products by 10.3% during the 4th quarter. Systematic Financial Management LP now owns 1,773,756 shares of the construction company's stock worth $27,280,000 after buying an additional 165,424 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Quanex Building Products by 36.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,741,613 shares of the construction company's stock worth $31,296,000 after buying an additional 462,992 shares during the last quarter. Geode Capital Management LLC grew its position in shares of 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 worth $16,914,000 after acquiring an additional 4,976 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Quanex Building Products in the 1st quarter worth approximately $17,970,000. 97.48% of the stock is owned by hedge funds and other institutional investors.

Quanex Building Products News Summary

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

• Positive Sentiment: Quarterly earnings and revenue beat estimates: Quanex reported adjusted diluted EPS of $0.79, above analyst expectations of approximately $0.66–$0.68, while revenue rose 1.3% year over year to $501.8 million, exceeding estimates near $497.5 million. Quanex Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: Margins improved materially: Consolidated gross margin expanded to 28.2% from 27.9%, while adjusted EBITDA increased to $72.7 million from $70.3 million. Operating income was $46.5 million, compared with a $270.8 million loss in the prior-year quarter, which included a substantial goodwill impairment charge. Management attributed the improvement primarily to better pricing, lower depreciation and amortization, and reduced interest expense. Quanex Third Quarter 2026 Results
• Positive Sentiment: Balance-sheet actions supported investor confidence: Quanex repaid $42.25 million of debt during the quarter, increased liquidity to $363.1 million and reduced total debt to $672.2 million. The company also repurchased nearly 100,000 shares for approximately $1.7 million and said it intends to continue prioritizing debt repayment and opportunistic buybacks. Quanex Reports Sales Growth, Margin Expansion and Debt Reduction
• Neutral Sentiment: Segment performance was mixed: Extruded Solutions revenue rose 2.8% and Custom Solutions revenue increased 8.5%, but Hardware Solutions revenue declined 2.7% because of lower volumes and tariff reimbursements. Management said volumes were tracking normal seasonal patterns and that consumer-demand improvement remains a future opportunity.
• Negative Sentiment: Longer-term profitability remains under pressure: For the first nine months, adjusted EBITDA fell to $144.3 million from $172.0 million, adjusted EPS declined to $1.03 from $1.47, and free cash flow decreased to $24.2 million from $35.6 million. Inflation, geopolitical risks and leverage of 2.8 times net debt to adjusted EBITDA remain risks for investors.

Quanex Building Products Trading Up 20.7%

Shares of NYSE NX opened at $22.65 on Friday. The business has a fifty day simple moving average of $19.08 and a 200-day simple moving average of $18.77. The company has a quick ratio of 1.23, a current ratio of 2.28 and a debt-to-equity ratio of 0.93. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 22.88, a P/E/G ratio of 0.81 and a beta of 0.94. Quanex Building Products Corporation has a 12 month low of $11.04 and a 12 month high of $23.23.

Quanex Building Products (NYSE:NX - Get Free Report) last released its quarterly earnings data on Thursday, September 3rd. The construction company reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.13. The firm had revenue of $501.85 million during the quarter, compared to analysts' expectations of $497.51 million. Quanex Building Products had a return on equity of 11.68% and a net margin of 2.43%.During the same quarter last year, the firm earned ($6.04) earnings per share. Sell-side analysts predict that Quanex Building Products Corporation will post 1.66 EPS for the current year.

Quanex Building Products Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, September 15th. Quanex Building Products's dividend payout ratio is -5.68%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NX. Zacks Research upgraded Quanex Building Products from a "strong sell" rating to a "hold" rating in a research note on Friday, July 17th. Weiss Ratings reissued a "sell (d)" rating on shares of Quanex Building Products in a report on Friday, July 17th. Finally, Benchmark reaffirmed a "buy" rating on shares of Quanex Building Products in a report on Thursday, August 27th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $28.00.

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.

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