Systematic Financial Management LP Boosts Holdings 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 holdings in shares of Quanex Building Products Corporation (NYSE:NX - Free Report) by 14.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,202,505 shares of the construction company's stock after purchasing an additional 152,275 shares during the period. Systematic Financial Management LP owned 2.55% of Quanex Building Products worth $22,355,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its stake in Quanex Building Products by 6.1% in the first quarter. Ameriprise Financial Inc. now owns 2,109,352 shares of the construction company's stock valued at $39,212,000 after acquiring an additional 121,323 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Quanex Building Products in the first quarter valued at approximately $381,000. Northern Trust Corp boosted its stake in Quanex Building Products by 1.5% in the first quarter. Northern Trust Corp now owns 497,810 shares of the construction company's stock valued at $9,254,000 after acquiring an additional 7,564 shares in the last quarter. Versor Investments LP acquired a new stake in Quanex Building Products in the first quarter valued at approximately $565,000. Finally, Algert Global LLC boosted its stake in Quanex Building Products by 15.8% in the first quarter. Algert Global LLC now owns 10,170 shares of the construction company's stock valued at $189,000 after acquiring an additional 1,389 shares in the last quarter. 97.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Quanex Building Products to a "hold" rating in a research note on Monday, August 11th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, Quanex Building Products has an average rating of "Moderate Buy" and an average price target of $38.00.

Quanex Building Products Price Performance

Shares of NX stock traded down $0.03 on Wednesday, reaching $21.92. 268,013 shares of the company were exchanged, compared to its average volume of 447,231. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 37.14, a P/E/G ratio of 0.60 and a beta of 1.04. The business has a 50-day moving average price of $19.90 and a 200 day moving average price of $19.04. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.26 and a current ratio of 2.41. Quanex Building Products Corporation has a 1 year low of $15.30 and a 1 year high of $32.23.

Quanex Building Products (NYSE:NX - Get Free Report) last posted 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 firm had revenue of $452.48 million for the quarter, compared to analyst estimates 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. Equities research analysts forecast that Quanex Building Products Corporation will post 2.18 earnings per share for the current fiscal year.

Quanex Building Products Announces Dividend

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

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.