Systematic Financial Management LP Has $22.36 Million Position in Quanex Building Products Corporation $NX

Key Points

• Systematic Financial Management LP raised its stake in Quanex Building Products by 14.5%, with a total of 1,202,505 shares valued at approximately $22.36 million as of its latest SEC filing.
• Quanex Building Products reported an EPS of $0.60, exceeding estimates of $0.48, with revenues reaching $452.48 million for the quarter, surpassing analyst expectations.
• The company declared a quarterly dividend of $0.08, yielding 1.4%, while 97.48% of the stock is currently owned by institutional investors.

Systematic Financial Management LP increased its stake in Quanex Building Products Corporation (NYSE:NX - Free Report) by 14.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,202,505 shares of the construction company's stock after acquiring an additional 152,275 shares during the period. Systematic Financial Management LP owned approximately 2.55% of Quanex Building Products worth $22,355,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of NX. Deprince Race & Zollo Inc. boosted its position in shares of Quanex Building Products by 716.4% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,111,464 shares of the construction company's stock worth $26,942,000 after acquiring an additional 975,324 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in Quanex Building Products by 442.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 891,457 shares of the construction company's stock valued at $21,609,000 after buying an additional 727,125 shares during the period. Ameriprise Financial Inc. raised its holdings in Quanex Building Products by 29.2% in the fourth quarter. Ameriprise Financial Inc. now owns 1,988,029 shares of the construction company's stock valued at $48,190,000 after buying an additional 449,646 shares during the period. Segall Bryant & Hamill LLC raised its holdings in Quanex Building Products by 31.1% in the first quarter. Segall Bryant & Hamill LLC now owns 1,367,758 shares of the construction company's stock valued at $25,427,000 after buying an additional 324,548 shares during the period. Finally, Nuveen LLC purchased a new position in Quanex Building Products in the first quarter valued at approximately $3,413,000. 97.48% of the stock is owned by institutional investors and hedge funds.

Quanex Building Products Stock Down 3.2%

Shares of NX stock traded down $0.70 during mid-day trading on Thursday, reaching $21.21. 188,466 shares of the company were exchanged, compared to its average volume of 445,573. Quanex Building Products Corporation has a fifty-two week low of $15.30 and a fifty-two week high of $32.23. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.26 and a current ratio of 2.41. The company has a market capitalization of $974.84 million, a P/E ratio of 35.97, a P/E/G ratio of 0.60 and a beta of 1.04. The business's 50 day simple moving average is $19.97 and its 200 day simple moving average is $19.06.

Quanex Building Products (NYSE:NX - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The construction company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.12. The business had revenue of $452.48 million during the quarter, compared to the consensus estimate of $440.05 million. Quanex Building Products had a net margin of 1.05% and a return on equity of 10.02%. Quanex Building Products has set its FY 2025 guidance at EPS. Research analysts predict that Quanex Building Products Corporation will post 2.18 earnings per share for the current year.

Quanex Building Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, June 16th. Quanex Building Products's payout ratio is 54.24%.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Quanex Building Products to a "hold" rating in a report on Monday, August 11th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $38.00.

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.