Linden Thomas Advisory Services LLC Sells 876 Shares of Quanex Building Products Corporation $NX

Linden Thomas Advisory Services LLC reduced its position in Quanex Building Products Corporation (NYSE:NX) by 1.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 60,139 shares of the construction company’s stock after selling 876 shares during the period. Linden Thomas Advisory Services LLC owned 0.13% of Quanex Building Products worth $1,137,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CWM LLC increased its stake in shares of Quanex Building Products by 104.5% in the second quarter. CWM LLC now owns 1,468 shares of the construction company’s stock worth $28,000 after purchasing an additional 750 shares in the last quarter. GAMMA Investing LLC raised its holdings in Quanex Building Products by 106.5% during the 1st quarter. GAMMA Investing LLC now owns 2,618 shares of the construction company’s stock valued at $49,000 after acquiring an additional 1,350 shares during the period. Signaturefd LLC lifted its position 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 worth $52,000 after acquiring an additional 2,778 shares in the last quarter. Algert Global LLC boosted its holdings in shares of Quanex Building Products by 15.8% in the first quarter. Algert Global LLC now owns 10,170 shares of the construction company’s stock worth $189,000 after acquiring an additional 1,389 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in shares of Quanex Building Products by 6.6% in the first quarter. Nisa Investment Advisors LLC now owns 16,051 shares of the construction company’s stock valued at $298,000 after purchasing an additional 997 shares in the last quarter. Institutional investors own 97.48% of the company’s stock.

Insider Buying and Selling at Quanex Building Products

In related news, Director Bradley E. Hughes acquired 6,500 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was bought at an average cost of $15.27 per share, with a total value of $99,255.00. Following the acquisition, the director owned 6,500 shares of the company’s stock, valued at approximately $99,255. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.15% of the company’s stock.

Quanex Building Products Price Performance

Shares of NYSE NX opened at $15.51 on Monday. The stock’s 50-day simple moving average is $16.51 and its two-hundred day simple moving average is $17.82. Quanex Building Products Corporation has a twelve month low of $13.11 and a twelve month high of $32.23. The firm has a market capitalization of $711.37 million, a P/E ratio of -2.49, a P/E/G ratio of 0.56 and a beta of 0.98. The company has a quick ratio of 1.18, a current ratio of 2.20 and a debt-to-equity ratio of 0.97.

Quanex Building Products (NYSE:NX) last issued its quarterly earnings data on Thursday, September 4th. The construction company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.16). The business had revenue of $495.27 million for the quarter, compared to analysts’ expectations of $491.65 million. Quanex Building Products had a positive return on equity of 10.48% and a negative net margin of 15.45%.During the same period 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 analysts anticipate that Quanex Building Products Corporation will post 2.18 EPS for the current fiscal year.

Quanex Building Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were given a dividend of $0.08 per share. The ex-dividend date was Tuesday, September 16th. This represents a $0.32 annualized dividend and a dividend yield of 2.1%. Quanex Building Products’s dividend payout ratio (DPR) is -5.14%.

Analyst Ratings Changes

A number of analysts recently issued reports on NX shares. Weiss Ratings reissued a “sell (d)” rating on shares of Quanex Building Products in a report on Saturday. Zacks Research downgraded shares of Quanex Building Products from a “hold” rating to a “strong sell” rating in a report on Thursday, September 11th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock 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.