Campbell & CO Investment Adviser LLC Buys 19,712 Shares of Quanex Building Products Corporation $NX

Campbell & CO Investment Adviser LLC grew its stake in Quanex Building Products Corporation (NYSE:NX) by 94.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,477 shares of the construction company’s stock after acquiring an additional 19,712 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Quanex Building Products were worth $765,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. GSA Capital Partners LLP raised its position in Quanex Building Products by 195.4% in the 1st quarter. GSA Capital Partners LLP now owns 55,313 shares of the construction company’s stock worth $1,028,000 after purchasing an additional 36,586 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Quanex Building Products by 6.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 16,051 shares of the construction company’s stock valued at $298,000 after buying an additional 997 shares during the last quarter. Northern Trust Corp increased its stake in shares of Quanex Building Products by 1.5% in the 1st quarter. Northern Trust Corp now owns 497,810 shares of the construction company’s stock valued at $9,254,000 after buying an additional 7,564 shares during the period. Vestcor Inc raised its position in shares of Quanex Building Products by 46.7% during the first quarter. Vestcor Inc now owns 28,400 shares of the construction company’s stock worth $528,000 after acquiring an additional 9,040 shares during the last quarter. Finally, Bastion Asset Management Inc. lifted its stake in shares of Quanex Building Products by 161.3% during the second quarter. Bastion Asset Management Inc. now owns 314,601 shares of the construction company’s stock valued at $6,093,000 after acquiring an additional 194,205 shares during the period. 97.48% of the stock is currently owned by institutional investors and hedge funds.

Quanex Building Products Stock Down 1.1%

Quanex Building Products stock opened at $13.03 on Friday. The firm has a market capitalization of $597.78 million, a price-to-earnings ratio of -2.09, a PEG ratio of 0.52 and a beta of 0.99. The company’s 50 day simple moving average is $14.38 and its 200 day simple moving average is $17.53. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.20 and a quick ratio of 1.18. Quanex Building Products Corporation has a fifty-two week low of $12.84 and a fifty-two week high of $32.23.

Quanex Building Products (NYSE:NX) last posted 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). Quanex Building Products had a positive return on equity of 10.48% and a negative net margin of 15.45%.The firm had revenue of $495.27 million during the quarter, compared to analyst estimates of $491.65 million. During the same quarter last year, the business posted $0.73 earnings per share. 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 EPS for the current year.

Quanex Building Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Tuesday, September 16th. Quanex Building Products’s dividend payout ratio is -5.14%.

Wall Street Analyst Weigh In

A number of analysts recently commented on NX shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Quanex Building Products in a research report on Wednesday, October 8th. Zacks Research raised shares of Quanex Building Products from a “strong sell” rating to a “hold” rating in a research note on Monday. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Insider Activity at Quanex Building Products

In other Quanex Building Products news, Director Bradley E. Hughes purchased 6,500 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were bought at an average price of $15.27 per share, with a total value of $99,255.00. Following the completion of the transaction, the director directly owned 6,500 shares in the company, valued at $99,255. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.15% of the stock is currently owned by corporate insiders.

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.