Quanex Building Products (NYSE:NX - Get Free Report) released its quarterly earnings data on Thursday. The construction company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.12, Zacks reports. Quanex Building Products had a net margin of 2.59% and a return on equity of 11.79%. The company had revenue of $452.48 million during the quarter, compared to analyst estimates of $440.05 million. Quanex Building Products updated its FY 2025 guidance to EPS.
Quanex Building Products Price Performance
Shares of NX traded up $1.89 during mid-day trading on Friday, hitting $18.98. The company's stock had a trading volume of 1,871,398 shares, compared to its average volume of 507,533. The firm has a 50-day moving average price of $17.25 and a 200 day moving average price of $21.16. The stock has a market capitalization of $896.03 million, a price-to-earnings ratio of 16.95, a PEG ratio of 0.68 and a beta of 1.01. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.24 and a quick ratio of 1.23. Quanex Building Products has a fifty-two week low of $15.30 and a fifty-two week high of $34.97.
Quanex Building Products Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.69%. Quanex Building Products's dividend payout ratio (DPR) is 54.24%.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in NX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Quanex Building Products by 9.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,051 shares of the construction company's stock valued at $521,000 after acquiring an additional 2,347 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Quanex Building Products by 22.6% in the 1st quarter. Royal Bank of Canada now owns 25,578 shares of the construction company's stock worth $476,000 after purchasing an additional 4,720 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Quanex Building Products by 25.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 246,666 shares of the construction company's stock worth $4,586,000 after acquiring an additional 49,895 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in Quanex Building Products by 887.4% during the 1st quarter. Jane Street Group LLC now owns 84,957 shares of the construction company's stock worth $1,579,000 after acquiring an additional 76,353 shares during the last quarter. 97.48% of the stock is owned by hedge funds and other institutional investors.
Quanex Building Products Company Profile
(
Get Free Report)
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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