Loomis Sayles & Co. L P Has $10.37 Million Stock Position in Quanex Building Products Corporation $NX

Loomis Sayles & Co. L P lifted its holdings in shares of Quanex Building Products Corporation (NYSE:NX) by 32.9% during the second quarter, HoldingsChannel reports. The firm owned 548,831 shares of the construction company’s stock after acquiring an additional 135,875 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Quanex Building Products were worth $10,373,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. XTX Topco Ltd lifted its position in shares of Quanex Building Products by 241.7% in the first quarter. XTX Topco Ltd now owns 38,110 shares of the construction company’s stock valued at $708,000 after buying an additional 26,956 shares during the last quarter. Vestcor Inc grew its stake 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 buying an additional 9,040 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Quanex Building Products by 7.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 754,805 shares of the construction company’s stock valued at $14,032,000 after buying an additional 54,187 shares during the last quarter. Invesco Ltd. raised its position in Quanex Building Products by 23.2% during the 1st quarter. Invesco Ltd. now owns 224,487 shares of the construction company’s stock worth $4,173,000 after purchasing an additional 42,216 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Quanex Building Products in the 1st quarter worth approximately $3,413,000. 97.48% of the stock is owned by institutional investors.

Quanex Building Products Price Performance

Shares of NYSE NX opened at $13.12 on Tuesday. The company has a 50 day simple moving average of $13.71 and a two-hundred day simple moving average of $17.10. 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 company has a market capitalization of $601.68 million, a price-to-earnings ratio of -2.11, a P/E/G ratio of 0.52 and a beta of 0.99. Quanex Building Products Corporation has a fifty-two week low of $11.04 and a fifty-two week high of $29.83.

Quanex Building Products (NYSE:NX) last posted its 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 quarter in the prior year, the company posted $0.73 EPS. Quanex Building Products has set its FY 2025 guidance at EPS. Analysts expect that Quanex Building Products Corporation will post 2.18 EPS for the current fiscal year.

Insider Activity

In other Quanex Building Products news, Director Bradley E. Hughes bought 6,500 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were purchased at an average cost of $15.27 per share, for a total transaction of $99,255.00. Following the transaction, the director owned 6,500 shares of the company’s stock, valued at $99,255. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.15% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on NX. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Quanex Building Products in a research note on Wednesday, October 8th. Zacks Research raised shares of Quanex Building Products from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Quanex Building Products currently has a consensus rating of “Reduce”.

Quanex Building Products 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.