Quanex Building Products (NYSE:NX) Sets New 52-Week High - Should You Buy?

Shares of Quanex Building Products Corporation (NYSE:NX - Get Free Report) hit a new 52-week high during mid-day trading on Saturday . The company traded as high as $23.23 and last traded at $22.65, with a volume of 1917074 shares changing hands. The stock had previously closed at $18.76.

Quanex Building Products News Roundup

Here are the key news stories impacting Quanex Building Products this week:

• Positive Sentiment: Quarterly earnings and revenue beat estimates: Quanex reported adjusted diluted EPS of $0.79, above analyst expectations of approximately $0.66–$0.68, while revenue rose 1.3% year over year to $501.8 million, exceeding estimates near $497.5 million. Quanex Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: Margins improved materially: Consolidated gross margin expanded to 28.2% from 27.9%, while adjusted EBITDA increased to $72.7 million from $70.3 million. Operating income was $46.5 million, compared with a $270.8 million loss in the prior-year quarter, which included a substantial goodwill impairment charge. Management attributed the improvement primarily to better pricing, lower depreciation and amortization, and reduced interest expense. Quanex Third Quarter 2026 Results
• Positive Sentiment: Balance-sheet actions supported investor confidence: Quanex repaid $42.25 million of debt during the quarter, increased liquidity to $363.1 million and reduced total debt to $672.2 million. The company also repurchased nearly 100,000 shares for approximately $1.7 million and said it intends to continue prioritizing debt repayment and opportunistic buybacks. Quanex Reports Sales Growth, Margin Expansion and Debt Reduction
• Neutral Sentiment: Segment performance was mixed: Extruded Solutions revenue rose 2.8% and Custom Solutions revenue increased 8.5%, but Hardware Solutions revenue declined 2.7% because of lower volumes and tariff reimbursements. Management said volumes were tracking normal seasonal patterns and that consumer-demand improvement remains a future opportunity.
• Negative Sentiment: Longer-term profitability remains under pressure: For the first nine months, adjusted EBITDA fell to $144.3 million from $172.0 million, adjusted EPS declined to $1.03 from $1.47, and free cash flow decreased to $24.2 million from $35.6 million. Inflation, geopolitical risks and leverage of 2.8 times net debt to adjusted EBITDA remain risks for investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NX shares. Weiss Ratings reiterated a "sell (d)" rating on shares of Quanex Building Products in a research note on Friday, July 17th. Benchmark reaffirmed a "buy" rating on shares of Quanex Building Products in a research report on Thursday, August 27th. Finally, Zacks Research raised Quanex Building Products from a "strong sell" rating to a "hold" rating in a report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $28.00.

Quanex Building Products Stock Up 20.7%

The company has a current ratio of 2.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.93. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 22.88, a P/E/G ratio of 0.81 and a beta of 0.94. The stock's 50-day moving average price is $19.08 and its 200-day moving average price is $18.77.

Quanex Building Products (NYSE:NX - Get Free Report) last issued its quarterly earnings results on Thursday, September 3rd. The construction company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.13. The firm had revenue of $501.85 million during the quarter, compared to the consensus estimate of $497.51 million. Quanex Building Products had a return on equity of 11.68% and a net margin of 2.43%.During the same period last year, the business posted ($6.04) EPS. On average, sell-side analysts expect that Quanex Building Products Corporation will post 1.66 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 Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.08 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.32 annualized dividend and a dividend yield of 1.4%. Quanex Building Products's dividend payout ratio is presently -5.68%.

Institutional Trading of Quanex Building Products

Several hedge funds have recently added to or reduced their stakes in NX. Danske Bank A S purchased a new position in shares of Quanex Building Products during the 3rd quarter valued at $26,000. Hantz Financial Services Inc. grew its holdings in shares of Quanex Building Products by 199.9% during the fourth quarter. Hantz Financial Services Inc. now owns 2,123 shares of the construction company's stock worth $33,000 after purchasing an additional 1,415 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Quanex Building Products in the 4th quarter worth $35,000. Public Employees Retirement System of Ohio purchased a new stake in Quanex Building Products during the second quarter valued at about $36,000. Finally, Meeder Asset Management Inc. bought a new stake in Quanex Building Products in the 4th quarter worth approximately $42,000. Institutional investors own 97.48% of the company's stock.

About Quanex Building Products

Quanex Building Products Corporation engages in the design, manufacture and distribution of components for the window, door and building products industries in North America. The company operates through two primary segments: Window Products and Door & Building Products. Its Window Products segment supplies vinyl window profiles and related accessories, while its Door & Building Products segment offers engineered door skins, panels, siding products, specialty moldings and other exterior building components.

Within its Window Products segment, Quanex produces extrusion profiles used by window fabricators to assemble vinyl casement, double-hung, slider and picture windows.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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