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

Key Points

• Quanex Building Products' share price hit a new 52-week low of $13.35, signaling a potential concern for investors as the stock is currently rated as a "strong sell" by Zacks Research.
• In its latest earnings report, Quanex missed EPS estimates, reporting $0.69 compared to the expected $0.85, despite generating revenue of $495.27 million.
• The company announced a quarterly dividend of $0.08 per share, which will be paid on September 30th, with a current dividend yield of 2.4%.

Quanex Building Products Corporation (NYSE:NX - Get Free Report)'s share price reached a new 52-week low during trading on Thursday . The company traded as low as $13.35 and last traded at $13.41, with a volume of 60621 shares. The stock had previously closed at $13.81.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered 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 data from MarketBeat.com, the company has an average rating of "Sell".

Quanex Building Products Stock Down 3.7%

The company has a fifty day simple moving average of $18.86 and a 200-day simple moving average of $18.50. 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 firm has a market cap of $609.93 million, a P/E ratio of -2.14, a price-to-earnings-growth ratio of 0.51 and a beta of 0.99.

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

Quanex Building Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 16th. Quanex Building Products's payout ratio is presently -5.14%.

Insider Activity at Quanex Building Products

In other Quanex Building Products news, Director Bradley E. Hughes acquired 6,500 shares of the stock in a transaction dated Thursday, September 11th. The shares were acquired at an average cost of $15.27 per share, for a total transaction of $99,255.00. Following the completion of the transaction, the director directly owned 6,500 shares of the company's stock, valued at approximately $99,255. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.15% of the stock is owned by insiders.

Institutional Investors Weigh In On Quanex Building Products

A number of hedge funds have recently made changes to their positions in NX. Orion Porfolio Solutions LLC raised its stake in Quanex Building Products by 5.6% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 11,517 shares of the construction company's stock worth $218,000 after acquiring an additional 614 shares during the last quarter. SummerHaven Investment Management LLC raised its stake in Quanex Building Products by 2.4% in the 1st quarter. SummerHaven Investment Management LLC now owns 29,431 shares of the construction company's stock worth $547,000 after acquiring an additional 685 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Quanex Building Products by 3.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 22,136 shares of the construction company's stock worth $418,000 after acquiring an additional 698 shares during the last quarter. CWM LLC raised its stake in Quanex Building Products by 104.5% in the 2nd quarter. CWM LLC now owns 1,468 shares of the construction company's stock worth $28,000 after acquiring an additional 750 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Quanex Building Products by 4.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,240 shares of the construction company's stock worth $345,000 after acquiring an additional 754 shares during the last quarter. 97.48% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.