Quanex Building Products (NYSE:NX) Sets New 12-Month Low - Time to Sell?

Key Points

• Quanex Building Products Corporation's stock recently reached a new **52-week low** at $15.22, following a previous close of $16.20, with over **745,000 shares** traded on that day.
• Despite the drop in stock price, analysts have set a **consensus rating of "Moderate Buy"** with an average price target of **$38.00**.
• The company announced a **quarterly dividend** of $0.08 per share, resulting in an annualized yield of **2.1%**, with payment expected on **September 30th**.

Shares of Quanex Building Products Corporation (NYSE:NX - Get Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as $15.26 and last traded at $15.22, with a volume of 745090 shares changing hands. The stock had previously closed at $16.20.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Quanex Building Products to a "hold" rating in a research report on Monday, August 11th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $38.00.

Quanex Building Products Price Performance

The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.18 and a current ratio of 2.20. The company has a market capitalization of $702.19 million, a PE ratio of -2.46, a P/E/G ratio of 0.49 and a beta of 0.99. The company's 50-day simple moving average is $20.17 and its 200-day simple moving average is $18.91.

Quanex Building Products (NYSE:NX - Get Free Report) last issued its earnings results on Thursday, September 4th. The construction company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.16). The firm had revenue of $495.27 million during the quarter, compared to analysts' expectations 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 earned $0.73 EPS. Quanex Building Products has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Quanex Building Products Corporation will post 2.18 earnings per share for the current year.

Quanex Building Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.32 dividend on an annualized basis and a yield of 2.1%. Quanex Building Products's payout ratio is currently -5.14%.

Institutional Trading of Quanex Building Products

A number of institutional investors have recently added to or reduced their stakes in the stock. Orion Porfolio Solutions LLC boosted its holdings in Quanex Building Products by 5.6% during the second quarter. Orion Porfolio Solutions LLC now owns 11,517 shares of the construction company's stock worth $218,000 after buying an additional 614 shares in the last quarter. Squarepoint Ops LLC raised its position in Quanex Building Products by 75.6% during the second quarter. Squarepoint Ops LLC now owns 297,441 shares of the construction company's stock worth $5,622,000 after acquiring an additional 128,076 shares during the last quarter. Thompson Davis & CO. Inc. raised its position in Quanex Building Products by 14.2% during the second quarter. Thompson Davis & CO. Inc. now owns 19,019 shares of the construction company's stock worth $359,000 after acquiring an additional 2,361 shares during the last quarter. Caxton Associates LLP acquired a new position in Quanex Building Products during the second quarter worth about $267,000. Finally, Public Sector Pension Investment Board raised its position in Quanex Building Products by 7.0% during the second quarter. Public Sector Pension Investment Board now owns 160,126 shares of the construction company's stock worth $3,026,000 after acquiring an additional 10,450 shares during the last quarter. Hedge funds and other 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.

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