Quanex Building Products Corporation $NX Stock Holdings Lifted by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. increased its stake in Quanex Building Products by 25.4%, owning approximately 246,666 shares worth $4.59 million as of the latest filing.
• Quanex Building Products reported a quarterly EPS of $0.69, missing estimates by $0.16, and had a negative net margin of 15.45%.
• The company's recent dividend declaration includes a quarterly payment of $0.08 per share, translating to an annual yield of 2.1%.

Goldman Sachs Group Inc. increased its position in Quanex Building Products Corporation (NYSE:NX - Free Report) by 25.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 246,666 shares of the construction company's stock after buying an additional 49,895 shares during the quarter. Goldman Sachs Group Inc. owned about 0.54% of Quanex Building Products worth $4,586,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of NX. Deutsche Bank AG raised its position in shares of Quanex Building Products by 54.4% during the fourth quarter. Deutsche Bank AG now owns 35,859 shares of the construction company's stock worth $869,000 after purchasing an additional 12,628 shares during the period. Lazard Asset Management LLC raised its position in shares of Quanex Building Products by 3.5% during the fourth quarter. Lazard Asset Management LLC now owns 29,300 shares of the construction company's stock worth $710,000 after purchasing an additional 997 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Quanex Building Products by 5.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,704 shares of the construction company's stock worth $623,000 after purchasing an additional 1,395 shares during the period. ProShare Advisors LLC raised its position in shares of Quanex Building Products by 47.0% during the fourth quarter. ProShare Advisors LLC now owns 13,665 shares of the construction company's stock worth $331,000 after purchasing an additional 4,367 shares during the period. Finally, Rafferty Asset Management LLC raised its position in shares of Quanex Building Products by 27.6% during the fourth quarter. Rafferty Asset Management LLC now owns 13,653 shares of the construction company's stock worth $331,000 after purchasing an additional 2,955 shares during the period. 97.48% of the stock is owned by institutional investors and hedge funds.

Quanex Building Products Stock Down 3.9%

NYSE:NX traded down $0.60 during trading hours on Wednesday, hitting $14.63. 545,393 shares of the company's stock traded hands, compared to its average volume of 649,754. The firm has a market cap of $671.22 million, a P/E ratio of -2.35, a P/E/G ratio of 0.55 and a beta of 0.99. Quanex Building Products Corporation has a twelve month low of $14.39 and a twelve month high of $32.23. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.18 and a current ratio of 2.20. The stock's fifty day moving average price is $19.42 and its two-hundred day moving average price is $18.69.

Quanex Building Products (NYSE:NX - Get Free Report) last posted its quarterly earnings results on Thursday, September 4th. The construction company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.16). The business had revenue of $495.27 million for the quarter, compared to analyst estimates of $491.65 million. Quanex Building Products had a negative net margin of 15.45% and a positive return on equity of 10.48%. During the same period in the previous year, the firm posted $0.73 earnings per share. Quanex Building Products has set its FY 2025 guidance at EPS. On average, research analysts expect that Quanex Building Products Corporation will post 2.18 earnings per share for the current fiscal year.

Quanex Building Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a $0.08 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $0.32 dividend on an annualized basis and a yield of 2.2%. Quanex Building Products's payout ratio is -5.14%.

Insider Buying and Selling

In other news, Director Bradley E. Hughes bought 6,500 shares of the stock in a transaction on Thursday, September 11th. The shares were purchased at an average price of $15.27 per share, for a total transaction of $99,255.00. Following the completion of the purchase, the director directly owned 6,500 shares of the company's stock, valued at $99,255. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.15% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Quanex Building Products from a "hold" rating to a "strong sell" rating in a research report on Thursday, September 11th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of "Sell".

Quanex Building Products Company 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.