Quanex Building Products (NYSE:NX) Issues Quarterly Earnings Results

Quanex Building Products (NYSE:NX - Get Free Report) issued its earnings results 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. The firm had revenue of $452.48 million during the quarter, compared to analysts' expectations of $440.05 million. Quanex Building Products had a net margin of 2.59% and a return on equity of 11.79%. Quanex Building Products updated its FY 2025 guidance to EPS.

Quanex Building Products Trading Up 11.1%

Shares of NX traded up $1.89 during mid-day trading on Friday, hitting $18.98. The company had a trading volume of 1,871,398 shares, compared to its average volume of 506,843. The stock has a market cap of $896.03 million, a PE ratio of 16.95, a P/E/G ratio of 0.68 and a beta of 1.01. The company has a quick ratio of 1.23, a current ratio of 2.24 and a debt-to-equity ratio of 0.73. Quanex Building Products has a 1-year low of $15.30 and a 1-year high of $34.97. The business's 50-day simple moving average is $17.25 and its 200-day simple moving average is $21.21.

Quanex Building Products Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.08 dividend. 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 is presently 52.46%.

Institutional Trading of Quanex Building Products

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its position in Quanex Building Products by 22.6% in the first quarter. Royal Bank of Canada now owns 25,578 shares of the construction company's stock worth $476,000 after acquiring an additional 4,720 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Quanex Building Products by 9.1% during 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 period. Goldman Sachs Group Inc. raised its holdings in shares of Quanex Building Products by 25.4% in the first quarter. Goldman Sachs Group Inc. now owns 246,666 shares of the construction company's stock valued at $4,586,000 after buying an additional 49,895 shares during the last quarter. Finally, Jane Street Group LLC increased its position in Quanex Building Products by 887.4% in the first quarter. Jane Street Group LLC now owns 84,957 shares of the construction company's stock worth $1,579,000 after purchasing an additional 76,353 shares during the period. Institutional investors own 97.48% of the company's stock.

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.