Quanex Building Products (NYSE:NX) Reaches New 52-Week Low – Time to Sell?

Quanex Building Products Corporation (NYSE:NX) shares reached a new 52-week low on Friday . The stock traded as low as $12.63 and last traded at $12.74, with a volume of 46087 shares changing hands. The stock had previously closed at $13.06.

Wall Street Analyst Weigh In

NX has been the topic of a number of research analyst reports. Zacks Research upgraded shares of Quanex Building Products from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of Quanex Building Products in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Quanex Building Products Price Performance

The company has a market capitalization of $593.42 million, a P/E ratio of -2.08, a price-to-earnings-growth ratio of 0.52 and a beta of 0.99. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.20 and a quick ratio of 1.18. The firm’s 50-day moving average is $14.28 and its 200-day moving average is $17.51.

Quanex Building Products (NYSE:NX) last issued its quarterly 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 business had revenue of $495.27 million for the quarter, compared to analysts’ expectations of $491.65 million. During the same quarter in the prior year, the business earned $0.73 EPS. Quanex Building Products has set its FY 2025 guidance at EPS. Analysts predict that Quanex Building Products Corporation will post 2.18 EPS for the current fiscal year.

Quanex Building Products Announces Dividend

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

Insider Buying and Selling

In related news, Director Bradley E. Hughes acquired 6,500 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were purchased at an average price of $15.27 per share, with a total value of $99,255.00. Following the completion of the purchase, the director directly owned 6,500 shares of the company’s stock, valued at $99,255. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.15% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Quanex Building Products

Hedge funds have recently bought and sold shares of the business. CWM LLC lifted its stake in shares of Quanex Building Products by 104.5% during the 2nd quarter. CWM LLC now owns 1,468 shares of the construction company’s stock worth $28,000 after acquiring an additional 750 shares during the last quarter. Allworth Financial LP lifted its position in shares of 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 purchasing an additional 2,063 shares during the last quarter. Signaturefd LLC boosted 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 valued at $52,000 after purchasing an additional 2,778 shares during the period. GAMMA Investing LLC boosted its stake in shares of Quanex Building Products by 62.0% during the second quarter. GAMMA Investing LLC now owns 4,242 shares of the construction company’s stock valued at $80,000 after purchasing an additional 1,624 shares during the period. Finally, Byrne Asset Management LLC bought a new position in shares of Quanex Building Products in the third quarter worth about $72,000. Hedge funds and other institutional investors own 97.48% of the company’s stock.

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.