Villanova Investment Management Co LLC Makes New $373,000 Investment in Quanex Building Products Corporation $NX

Key Points

• Villanova Investment Management Co LLC has acquired a new stake in Quanex Building Products Corporation, purchasing 20,080 shares valued at approximately $373,000 during the first quarter.
• Quanex Building Products recently reported an EPS of $0.69 for the last quarter, which missed analysts' expectations of $0.85, despite revenue exceeding estimates at $495.27 million.
• The company announced a quarterly dividend of $0.08, with a dividend yield of 2.1%, which will be paid on September 30th to stockholders of record on September 16th.

Villanova Investment Management Co LLC bought a new position in shares of Quanex Building Products Corporation (NYSE:NX - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,080 shares of the construction company's stock, valued at approximately $373,000.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC increased its stake in Quanex Building Products by 106.5% during the 1st quarter. GAMMA Investing LLC now owns 2,618 shares of the construction company's stock worth $49,000 after purchasing an additional 1,350 shares in the last quarter. Signaturefd LLC increased its stake in Quanex Building Products by 25,254.5% during the 1st quarter. Signaturefd LLC now owns 2,789 shares of the construction company's stock worth $52,000 after purchasing an additional 2,778 shares in the last quarter. Algert Global LLC bought a new stake in Quanex Building Products during the 4th quarter worth approximately $213,000. Johnson Investment Counsel Inc. bought a new stake in Quanex Building Products during the 1st quarter worth approximately $190,000. Finally, Rafferty Asset Management LLC grew its stake in shares of Quanex Building Products by 27.6% during the 4th quarter. Rafferty Asset Management LLC now owns 13,653 shares of the construction company's stock worth $331,000 after acquiring an additional 2,955 shares in the last quarter. 97.48% of the stock is owned by institutional investors.

Quanex Building Products Stock Down 4.7%

Shares of NYSE:NX traded down $0.72 during midday trading on Friday, hitting $14.47. The stock had a trading volume of 813,457 shares, compared to its average volume of 584,028. Quanex Building Products Corporation has a 12 month low of $14.39 and a 12 month high of $32.23. The company has a quick ratio of 1.18, a current ratio of 2.20 and a debt-to-equity ratio of 0.97. The business's 50-day simple moving average is $19.73 and its 200-day simple moving average is $18.78. The company has a market cap of $663.89 million, a P/E ratio of -2.33, a PEG ratio of 0.55 and a beta of 0.99.

Quanex Building Products (NYSE:NX - Get Free Report) last released its earnings results on Thursday, September 4th. The construction company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.16). Quanex Building Products had a negative net margin of 15.45% and a positive return on equity of 10.48%. The firm had revenue of $495.27 million during the quarter, compared to the consensus estimate of $491.65 million. During the same period in the prior year, the business posted $0.73 earnings per share. Quanex Building Products has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Quanex Building Products Corporation will post 2.18 earnings per share for the current fiscal year.

Quanex Building Products Dividend Announcement

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 paid a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.32 annualized dividend and a dividend yield of 2.2%. Quanex Building Products's dividend payout ratio (DPR) is currently -5.14%.

Insider Buying and Selling at Quanex Building Products

In other news, Director Bradley E. Hughes bought 6,500 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The stock was acquired at an average cost of $15.27 per share, with a total value of $99,255.00. Following the completion of the purchase, the director owned 6,500 shares of the company's stock, valued at $99,255. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.15% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Quanex Building Products from a "hold" rating to a "strong sell" rating in a research note on Thursday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of "Sell".

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.