Quantbot Technologies LP Takes Position in Quanex Building Products Corporation $NX

Key Points

• Quantbot Technologies LP has acquired 20,513 shares of Quanex Building Products Corporation, valued at approximately $381,000, as reported in its latest Form 13F filing with the SEC.
• Institutional investors collectively own 97.48% of Quanex Building Products, indicating strong interest from major players in the market.
• Quanex Building Products recently reported an EPS of $0.60, exceeding analyst expectations, and declared a quarterly dividend of $0.08 per share, marking a 1.5% yield.

Quantbot Technologies LP bought a new position in shares of Quanex Building Products Corporation (NYSE:NX - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 20,513 shares of the construction company's stock, valued at approximately $381,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its holdings in Quanex Building Products by 29.2% during the fourth quarter. Ameriprise Financial Inc. now owns 1,988,029 shares of the construction company's stock worth $48,190,000 after buying an additional 449,646 shares during the last quarter. Segall Bryant & Hamill LLC lifted its stake in Quanex Building Products by 31.1% in the 1st quarter. Segall Bryant & Hamill LLC now owns 1,367,758 shares of the construction company's stock valued at $25,427,000 after purchasing an additional 324,548 shares during the last quarter. Deprince Race & Zollo Inc. lifted its stake in Quanex Building Products by 716.4% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,111,464 shares of the construction company's stock valued at $26,942,000 after purchasing an additional 975,324 shares during the last quarter. Systematic Financial Management LP lifted its stake in Quanex Building Products by 2.8% in the 4th quarter. Systematic Financial Management LP now owns 1,050,230 shares of the construction company's stock valued at $25,458,000 after purchasing an additional 28,228 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in Quanex Building Products by 442.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 891,457 shares of the construction company's stock valued at $21,609,000 after purchasing an additional 727,125 shares during the last quarter. 97.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Quanex Building Products Stock Performance

NYSE:NX traded down $0.10 during mid-day trading on Monday, hitting $21.27. The stock had a trading volume of 350,823 shares, compared to its average volume of 354,691. The stock has a market cap of $977.85 million, a price-to-earnings ratio of 36.05, a PEG ratio of 0.58 and a beta of 0.99. 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 twelve month low of $15.30 and a twelve month high of $32.23. The company's 50 day simple moving average is $20.09 and its 200 day simple moving average is $19.01.

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 (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.12. The business 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. On average, equities research analysts forecast that Quanex Building Products Corporation will post 2.18 earnings per share for the current year.

Quanex Building Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.5%. Quanex Building Products's payout ratio is 54.24%.

Quanex Building Products 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.