Q1 EPS Estimate for Quanex Building Products Cut by Analyst

Quanex Building Products Corporation (NYSE:NX) – Investment analysts at Sidoti lowered their Q1 2027 earnings per share estimates for Quanex Building Products in a note issued to investors on Thursday, September 10th. Sidoti analyst J. Romero now anticipates that the construction company will post earnings per share of ($0.19) for the quarter, down from their prior forecast of ($0.07). The consensus estimate for Quanex Building Products’ current full-year earnings is $1.82 per share.

Quanex Building Products (NYSE:NX) last issued its quarterly earnings results on Thursday, September 3rd. The construction company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.13. Quanex Building Products had a net margin of 2.43% and a return on equity of 11.61%. The company had revenue of $501.85 million during the quarter, compared to analysts’ expectations of $497.51 million. During the same period last year, the business earned ($6.04) EPS.

NX has been the subject of several other reports. Benchmark reissued a “buy” rating on shares of Quanex Building Products in a research report on Thursday, August 27th. Wall Street Zen upgraded Quanex Building Products from a “hold” rating to a “strong-buy” rating in a research note on Saturday. Zacks Research raised Quanex Building Products from a “strong sell” rating to a “hold” rating in a report on Friday, July 17th. Finally, Weiss Ratings raised shares of Quanex Building Products from a “sell (d)” rating to a “hold (c)” rating in a research note on Tuesday, September 8th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Quanex Building Products has an average rating of “Hold” and an average target price of $28.00.

Quanex Building Products Price Performance

Shares of NYSE NX opened at $21.04 on Monday. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.23 and a quick ratio of 1.21. The business has a 50-day moving average of $19.57 and a 200-day moving average of $18.73. The stock has a market capitalization of $964.18 million, a price-to-earnings ratio of 21.25, a PEG ratio of 0.85 and a beta of 0.94. Quanex Building Products has a fifty-two week low of $11.04 and a fifty-two week high of $23.33.

Hedge Funds Weigh In On Quanex Building Products

Several institutional investors and hedge funds have recently modified their holdings of the stock. Tidal Investments LLC bought a new position in shares of Quanex Building Products in the second quarter valued at about $634,000. Engineers Gate Manager LP lifted its position in Quanex Building Products by 227.3% during the second quarter. Engineers Gate Manager LP now owns 36,662 shares of the construction company’s stock worth $683,000 after acquiring an additional 25,462 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Quanex Building Products during the second quarter worth approximately $26,000. Corient Private Wealth LP boosted its holdings in shares of Quanex Building Products by 18.4% during the second quarter. Corient Private Wealth LP now owns 38,077 shares of the construction company’s stock worth $709,000 after acquiring an additional 5,922 shares during the period. Finally, California State Teachers Retirement System grew its position in shares of Quanex Building Products by 2,264.2% in the second quarter. California State Teachers Retirement System now owns 925,712 shares of the construction company’s stock valued at $17,237,000 after purchasing an additional 886,557 shares during the last quarter. 97.48% of the stock is currently owned by institutional investors and hedge funds.

Quanex Building Products Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Tuesday, September 15th. Quanex Building Products’s dividend payout ratio is 32.32%.

Quanex Building Products Company Profile

Quanex Building Products Corporation (NYSE:NX) manufactures components and systems used in the fenestration and cabinet industries. Its products are incorporated into residential and commercial windows, doors, and related building products rather than typically sold directly to consumers.

The company’s product portfolio includes insulating glass components, window and door screens, vinyl profiles, hardware, sealing and weatherstripping products, and other engineered components used by window and door manufacturers.