Versor Investments LP Acquires New Holdings in Quanex Building Products Corporation $NX

Key Points

• Versor Investments LP has acquired a new stake in Quanex Building Products Corporation, purchasing 30,400 shares valued at approximately $565,000.
• The construction company's recent quarterly earnings report revealed an EPS of $0.60, surpassing analyst expectations, with revenue totaling $452.48 million.
• Quanex Building Products declared a quarterly dividend of $0.08 per share, reflecting an annualized yield of 1.5%.

Versor Investments LP purchased a new position in shares of Quanex Building Products Corporation (NYSE:NX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 30,400 shares of the construction company's stock, valued at approximately $565,000. Versor Investments LP owned 0.06% of Quanex Building Products at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in NX. Sterling Capital Management LLC grew its holdings in Quanex Building Products by 833.6% during the 4th quarter. Sterling Capital Management LLC now owns 1,419 shares of the construction company's stock worth $34,000 after acquiring an additional 1,267 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Quanex Building Products by 106.5% in the 1st quarter. GAMMA Investing LLC now owns 2,618 shares of the construction company's stock valued at $49,000 after buying an additional 1,350 shares during the period. Signaturefd LLC boosted its holdings in shares of Quanex Building Products by 25,254.5% in the 1st quarter. Signaturefd LLC now owns 2,789 shares of the construction company's stock valued at $52,000 after buying an additional 2,778 shares during the period. Algert Global LLC boosted its holdings in shares of Quanex Building Products by 15.8% in the 1st quarter. Algert Global LLC now owns 10,170 shares of the construction company's stock valued at $189,000 after buying an additional 1,389 shares during the period. Finally, Johnson Investment Counsel Inc. acquired a new position in shares of Quanex Building Products in the 1st quarter valued at about $190,000. 97.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Quanex Building Products to a "hold" rating in a report on Monday, August 11th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Quanex Building Products currently has a consensus rating of "Moderate Buy" and a consensus target price of $38.00.

Quanex Building Products Stock Performance

NYSE:NX traded down $0.4520 during mid-day trading on Monday, hitting $22.0180. The stock had a trading volume of 316,148 shares, compared to its average volume of 399,865. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 37.32, a P/E/G ratio of 0.61 and a beta of 1.04. The company has a 50 day simple moving average of $19.84 and a 200-day simple moving average of $19.02. Quanex Building Products Corporation has a 52 week low of $15.30 and a 52 week high of $32.23. The company has a current ratio of 2.41, a quick ratio of 1.26 and a debt-to-equity ratio of 0.75.

Quanex Building Products (NYSE:NX - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The construction company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.12. The firm had revenue of $452.48 million for 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. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors 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 annualized dividend and a yield of 1.5%. Quanex Building Products's dividend payout ratio (DPR) is currently 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.