Quanex Building Products (NYSE:NX) Earns Sell (D) Rating from Weiss Ratings

Key Points

• Quanex Building Products has received a "sell (D)" rating from Weiss Ratings, with additional downgrades from Zacks Research to a "strong sell," indicating a negative outlook for the stock.
• Shares of Quanex Building Products opened at $14.48 and have a 52-week trading range between $13.22 and $32.23, with a market cap of $664.34 million.
• Insider trading activity includes the Director acquiring 6,500 shares at an average cost of $15.27, indicating potential confidence in the company's future despite current ratings.

Quanex Building Products (NYSE:NX - Get Free Report)'s stock had its "sell (d)" rating restated by Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Zacks Research downgraded Quanex Building Products from a "hold" rating to a "strong sell" rating in a research note on Thursday, September 11th. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat, Quanex Building Products has an average rating of "Sell".

Quanex Building Products Stock Up 0.6%

Shares of NYSE NX opened at $14.48 on Wednesday. Quanex Building Products has a 52-week low of $13.22 and a 52-week high of $32.23. The business has a 50-day moving average price of $17.84 and a 200 day moving average price of $18.13. 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 stock has a market cap of $664.34 million, a PE ratio of -2.33, a price-to-earnings-growth ratio of 0.52 and a beta of 0.98.

Quanex Building Products (NYSE:NX - Get Free Report) last posted its quarterly earnings data on Thursday, September 4th. The construction company reported $0.69 earnings per share for the quarter, missing analysts' consensus estimates of $0.85 by ($0.16). Quanex Building Products had a positive return on equity of 10.48% and a negative net margin of 15.45%.The company had revenue of $495.27 million for the quarter, compared to analyst estimates of $491.65 million. During the same period in the previous year, the business posted $0.73 earnings per share. Quanex Building Products has set its FY 2025 guidance at EPS. Equities research analysts forecast that Quanex Building Products will post 2.18 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Bradley E. Hughes acquired 6,500 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The stock was purchased at an average cost of $15.27 per share, with a total value of $99,255.00. Following the purchase, the director directly owned 6,500 shares of the company's stock, valued at approximately $99,255. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 2.15% of the stock is owned by insiders.

Hedge Funds Weigh In On Quanex Building Products

Several hedge funds have recently bought and sold shares of NX. CWM LLC increased its position in Quanex Building Products by 104.5% during the second quarter. CWM LLC now owns 1,468 shares of the construction company's stock worth $28,000 after buying an additional 750 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Quanex Building Products by 17,191.7% during the second quarter. Allworth Financial LP now owns 2,075 shares of the construction company's stock worth $39,000 after purchasing an additional 2,063 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Quanex Building Products by 106.5% during the first 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 during the last quarter. Signaturefd LLC boosted its holdings in Quanex Building Products by 25,254.5% in the first quarter. Signaturefd LLC now owns 2,789 shares of the construction company's stock valued at $52,000 after acquiring an additional 2,778 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Quanex Building Products by 210.6% in the second quarter. Tower Research Capital LLC TRC now owns 5,138 shares of the construction company's stock valued at $97,000 after acquiring an additional 3,484 shares during the last quarter. Hedge funds and other institutional investors own 97.48% of the company's stock.

About Quanex Building Products

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.

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