Quanex Building Products (NYSE:NX) Issues Earnings Results, Misses Estimates By $0.16 EPS

Quanex Building Products (NYSE:NX - Get Free Report) announced its quarterly earnings results on Thursday. The construction company reported $0.69 EPS for the quarter, missing analysts' consensus estimates of $0.85 by ($0.16), Zacks reports. Quanex Building Products had a net margin of 1.05% and a return on equity of 10.02%. The firm had revenue of $495.27 million for the quarter, compared to the consensus estimate of $491.65 million. During the same period in the previous year, the company posted $0.73 earnings per share. Quanex Building Products updated its FY 2025 guidance to EPS.

Quanex Building Products Trading Up 3.6%

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Shares of NX stock opened at $20.82 on Friday. Quanex Building Products has a 1 year low of $15.30 and a 1 year high of $32.23. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.41 and a quick ratio of 1.26. The stock's 50 day simple moving average is $20.25 and its two-hundred day simple moving average is $19.00. The company has a market cap of $957.10 million, a PE ratio of 35.29, a price-to-earnings-growth ratio of 0.54 and a beta of 0.99.

Quanex Building Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.08 per share. The ex-dividend date is Tuesday, September 16th. This represents a $0.32 dividend on an annualized basis and a yield of 1.5%. Quanex Building Products's dividend payout ratio is 54.24%.

Institutional Investors Weigh In On Quanex Building Products

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NX. Quantinno Capital Management LP purchased a new stake in shares of Quanex Building Products in the second quarter worth approximately $622,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Quanex Building Products by 9.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,051 shares of the construction company's stock worth $521,000 after buying an additional 2,347 shares during the period. Royal Bank of Canada raised its holdings in shares of 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 buying an additional 4,720 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Quanex Building Products by 4.3% in the second quarter. The Manufacturers Life Insurance Company now owns 18,240 shares of the construction company's stock worth $345,000 after buying an additional 754 shares during the period. Finally, Rafferty Asset Management LLC raised its holdings in shares of Quanex Building Products by 20.3% in the second quarter. Rafferty Asset Management LLC now owns 16,548 shares of the construction company's stock worth $313,000 after buying an additional 2,788 shares during the period. 97.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised 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 issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $38.00.

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View Our Latest Research Report on Quanex Building Products

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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