Quanex Building Products (NYSE:NX) Reaches New 12-Month Low - Should You Sell?

Key Points

• Quanex Building Products has reached a new 52-week low of $14.18, with analysts now rating the stock as a "strong sell."
• The company reported an EPS of $0.69 for the last quarter, missing estimates, and has set its FY 2025 guidance at 2.18 EPS.
• A quarterly dividend of $0.08 per share is set to be paid to shareholders on September 30th, representing an annualized yield of 2.3%.

Shares of Quanex Building Products Corporation (NYSE:NX - Get Free Report) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $14.18 and last traded at $14.23, with a volume of 142018 shares changing hands. The stock had previously closed at $14.55.

Analyst Ratings Changes

Separately, Zacks Research downgraded Quanex Building Products from a "hold" rating to a "strong sell" rating in a report on Thursday, September 11th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Quanex Building Products has a consensus rating of "Sell".

Quanex Building Products Stock Performance

The firm has a market cap of $641.36 million, a price-to-earnings ratio of -2.25, a price-to-earnings-growth ratio of 0.50 and a beta of 0.99. 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 fifty day moving average price of $19.16 and a 200-day moving average price of $18.61.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.85 by ($0.16). The company had revenue of $495.27 million during the quarter, compared to analyst estimates of $491.65 million. Quanex Building Products had a negative net margin of 15.45% and a positive return on equity of 10.48%. During the same period in the previous year, the firm posted $0.73 EPS. Quanex Building Products has set its FY 2025 guidance at EPS. On average, analysts expect that Quanex Building Products Corporation will post 2.18 earnings per share for the current fiscal year.

Quanex Building Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 16th. Quanex Building Products's dividend payout ratio (DPR) is currently -5.14%.

Insider Activity at Quanex Building Products

In other Quanex Building Products news, Director Bradley E. Hughes purchased 6,500 shares of Quanex Building Products stock in a transaction dated 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 acquisition, the director directly owned 6,500 shares of the company's stock, valued at $99,255. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.15% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Quanex Building Products

Several hedge funds and other institutional investors have recently bought and sold shares of NX. Deutsche Bank AG raised its holdings in Quanex Building Products by 54.4% during the fourth quarter. Deutsche Bank AG now owns 35,859 shares of the construction company's stock worth $869,000 after purchasing an additional 12,628 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Quanex Building Products by 5.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,704 shares of the construction company's stock worth $623,000 after purchasing an additional 1,395 shares during the last quarter. ProShare Advisors LLC raised its holdings in Quanex Building Products by 47.0% during the fourth quarter. ProShare Advisors LLC now owns 13,665 shares of the construction company's stock worth $331,000 after purchasing an additional 4,367 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Quanex Building Products by 12.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 69,573 shares of the construction company's stock worth $1,686,000 after purchasing an additional 7,805 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Quanex Building Products during the fourth quarter worth $848,000. 97.48% of the stock is owned by institutional investors and hedge funds.

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.