Quanex Building Products (NYSE:NX) Trading Down 6.4% - Time to Sell?

Key Points

• The stock price of Quanex Building Products fell by 6.4% to $17.02, with trading volume decreasing by 46% compared to its average.
• Analysts have given the company a Moderate Buy rating, with a target price of $38.00, following a recent earnings miss where EPS was $0.69 against estimates of $0.85.
• Quanex Building Products announced a quarterly dividend of $0.08, with a record date of September 16th, translating to a 2.0% dividend yield.

Shares of Quanex Building Products Corporation (NYSE:NX - Get Free Report) fell 6.4% during trading on Monday . The stock traded as low as $16.70 and last traded at $17.02. 247,728 shares were traded during mid-day trading, a decline of 46% from the average session volume of 454,831 shares. The stock had previously closed at $18.18.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Quanex Building Products to a "hold" rating in a research note on Monday, August 11th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $38.00.

Quanex Building Products Trading Down 10.7%

The company has a market capitalization of $745.91 million, a PE ratio of -2.62, a PEG ratio of 0.49 and a beta of 0.99. 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 stock has a fifty day moving average of $20.23 and a 200 day moving average of $18.94.

Quanex Building Products (NYSE:NX - Get Free Report) last issued its quarterly earnings data on Thursday, September 4th. The construction company reported $0.69 EPS for the quarter, missing analysts' consensus estimates of $0.85 by ($0.16). The firm had revenue of $495.27 million for the quarter, compared to analyst estimates of $491.65 million. Quanex Building Products had a positive return on equity of 10.48% and a negative net margin of 15.45%.During the same period in the previous year, the business earned $0.73 EPS. Quanex Building Products has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Quanex Building Products Corporation will post 2.18 earnings per share for the current fiscal year.

Quanex Building Products Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.32 annualized dividend and a dividend yield of 2.0%. Quanex Building Products's dividend payout ratio is presently -5.14%.

Institutional Investors Weigh In On Quanex Building Products

Several large investors have recently modified their holdings of the stock. CWM LLC grew its position in Quanex Building Products by 104.5% during the second quarter. CWM LLC now owns 1,468 shares of the construction company's stock worth $28,000 after buying an additional 750 shares in the last quarter. Allworth Financial LP lifted its position in Quanex Building Products by 17,191.7% during the second quarter. Allworth Financial LP now owns 2,075 shares of the construction company's stock worth $39,000 after acquiring an additional 2,063 shares during the last quarter. GAMMA Investing LLC increased its stake in Quanex Building Products by 106.5% in the first quarter. GAMMA Investing LLC now owns 2,618 shares of the construction company's stock valued at $49,000 after acquiring an additional 1,350 shares during the last quarter. Signaturefd LLC grew its stake in shares of Quanex Building Products by 25,254.5% during the first quarter. Signaturefd LLC now owns 2,789 shares of the construction company's stock worth $52,000 after buying an additional 2,778 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Quanex Building Products by 210.6% during the second quarter. Tower Research Capital LLC TRC now owns 5,138 shares of the construction company's stock valued at $97,000 after acquiring an additional 3,484 shares during the last quarter. 97.48% of the stock is owned by institutional investors.

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.

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