Charles Schwab Investment Management Inc. Purchases 54,187 Shares of Quanex Building Products Corporation $NX

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Quanex Building Products by 7.7%, now holding approximately 1.60% of the company with a value of $14,032,000.
• Investment analysts have rated Quanex Building Products with a consensus of "Moderate Buy" and set a price target of $38.00, reflecting positive expectations for the stock's performance.
• The company reported earnings of $0.60 per share in its recent quarterly results, surpassing analyst estimates, and is expected to post 2.18 earnings per share for the current fiscal year.

Charles Schwab Investment Management Inc. grew its holdings in shares of Quanex Building Products Corporation (NYSE:NX - Free Report) by 7.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 754,805 shares of the construction company's stock after acquiring an additional 54,187 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.60% of Quanex Building Products worth $14,032,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NX. CANADA LIFE ASSURANCE Co increased its stake in shares of Quanex Building Products by 1.3% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 45,277 shares of the construction company's stock valued at $1,097,000 after buying an additional 562 shares during the period. Hancock Whitney Corp increased its position in Quanex Building Products by 5.1% during the 4th quarter. Hancock Whitney Corp now owns 12,672 shares of the construction company's stock valued at $307,000 after purchasing an additional 612 shares during the period. SummerHaven Investment Management LLC increased its position in Quanex Building Products by 2.4% during the 1st quarter. SummerHaven Investment Management LLC now owns 29,431 shares of the construction company's stock valued at $547,000 after purchasing an additional 685 shares during the period. Lazard Asset Management LLC increased its position in Quanex Building Products by 3.5% during the 4th quarter. Lazard Asset Management LLC now owns 29,300 shares of the construction company's stock valued at $710,000 after purchasing an additional 997 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in Quanex Building Products by 6.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 16,051 shares of the construction company's stock valued at $298,000 after purchasing an additional 997 shares during the period. Institutional investors and hedge funds own 97.48% of the company's stock.

Quanex Building Products Stock Performance

NX traded down $0.65 during trading hours on Thursday, hitting $21.26. The stock had a trading volume of 195,451 shares, compared to its average volume of 445,645. The company's fifty day simple moving average is $19.97 and its 200 day simple moving average is $19.06. Quanex Building Products Corporation has a 1 year low of $15.30 and a 1 year high of $32.23. The stock has a market cap of $977.32 million, a PE ratio of 36.03, a price-to-earnings-growth ratio of 0.60 and a beta of 1.04. The company has a quick ratio of 1.26, a current ratio of 2.41 and a debt-to-equity ratio of 0.75.

Quanex Building Products (NYSE:NX - Get Free Report) last released its 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 company had revenue of $452.48 million during the quarter, compared to the consensus estimate of $440.05 million. Quanex Building Products had a return on equity of 10.02% and a net margin of 1.05%. Quanex Building Products has set its FY 2025 guidance at EPS. Equities analysts anticipate that Quanex Building Products Corporation will post 2.18 earnings per share for the current year.

Quanex Building Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a $0.08 dividend. The ex-dividend date was Monday, June 16th. This represents a $0.32 dividend on an annualized basis and a yield of 1.5%. Quanex Building Products's dividend payout ratio is presently 54.24%.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Quanex Building Products to a "hold" rating in a report on Monday, August 11th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus 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.