Quanex Building Products Corporation $NX Stock Holdings Raised by Bastion Asset Management Inc.

Bastion Asset Management Inc. boosted its stake in shares of Quanex Building Products Corporation (NYSE:NX) by 161.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 314,601 shares of the construction company’s stock after buying an additional 194,205 shares during the quarter. Quanex Building Products makes up 2.8% of Bastion Asset Management Inc.’s portfolio, making the stock its 9th largest position. Bastion Asset Management Inc. owned 0.68% of Quanex Building Products worth $6,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. CWM LLC increased its holdings in shares of Quanex Building Products by 104.5% in the 2nd quarter. CWM LLC now owns 1,468 shares of the construction company’s stock valued at $28,000 after acquiring an additional 750 shares during the period. GAMMA Investing LLC raised its stake in shares of Quanex Building Products by 106.5% during the 1st quarter. GAMMA Investing LLC now owns 2,618 shares of the construction company’s stock worth $49,000 after acquiring an additional 1,350 shares in the last quarter. Signaturefd LLC lifted its position in 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 acquiring an additional 2,778 shares during the last quarter. Algert Global LLC boosted its stake in Quanex Building Products by 15.8% in the first quarter. Algert Global LLC now owns 10,170 shares of the construction company’s stock valued at $189,000 after acquiring an additional 1,389 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in Quanex Building Products by 6.1% in the second quarter. Bank of Montreal Can now owns 13,803 shares of the construction company’s stock worth $261,000 after purchasing an additional 799 shares during the last quarter. 97.48% of the stock is currently owned by hedge funds and other institutional investors.

Quanex Building Products Price Performance

NYSE NX opened at $13.00 on Friday. The company has a market cap of $596.58 million, a price-to-earnings ratio of -2.09, a PEG 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 stock’s fifty day moving average price is $15.16 and its 200 day moving average price is $17.63. Quanex Building Products Corporation has a 1 year low of $12.88 and a 1 year high of $32.23.

Quanex Building Products (NYSE:NX) last posted 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 negative net margin of 15.45% and a positive return on equity of 10.48%. The firm had revenue of $495.27 million for the quarter, compared to analysts’ expectations of $491.65 million. During the same quarter in the previous year, the firm posted $0.73 EPS. Quanex Building Products has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Quanex Building Products Corporation will post 2.18 earnings per share for the current year.

Quanex Building Products Dividend Announcement

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

Insider Buying and Selling

In other Quanex Building Products news, Director Bradley E. Hughes acquired 6,500 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were acquired at an average cost of $15.27 per share, with a total value of $99,255.00. Following the acquisition, the director directly owned 6,500 shares of the company’s stock, valued at approximately $99,255. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on NX shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Quanex Building Products in a report on Wednesday, October 8th. Zacks Research cut Quanex Building Products from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 11th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, Quanex Building Products currently has a consensus rating of “Sell”.

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.