First Eagle Investment Management LLC Grows Stock Position in Quanex Building Products Corporation $NX

First Eagle Investment Management LLC increased its stake in shares of Quanex Building Products Corporation (NYSE:NX) by 8.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 313,068 shares of the construction company’s stock after purchasing an additional 23,500 shares during the period. First Eagle Investment Management LLC’s holdings in Quanex Building Products were worth $5,917,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. CWM LLC raised its position in 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 purchasing an additional 750 shares in the last quarter. Signaturefd LLC increased 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 worth $52,000 after buying an additional 2,778 shares during the period. GAMMA Investing LLC raised its holdings in Quanex Building Products by 62.0% in the second quarter. GAMMA Investing LLC now owns 4,242 shares of the construction company’s stock valued at $80,000 after acquiring an additional 1,624 shares in the last quarter. Algert Global LLC lifted 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 worth $189,000 after acquiring an additional 1,389 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in Quanex Building Products by 6.1% during the 2nd quarter. Bank of Montreal Can now owns 13,803 shares of the construction company’s stock worth $261,000 after acquiring an additional 799 shares in the last quarter. Hedge funds and other institutional investors own 97.48% of the company’s stock.

Analyst Ratings Changes

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

Quanex Building Products Trading Up 0.3%

NYSE NX opened at $13.05 on Friday. The firm’s fifty day moving average price is $14.99 and its 200 day moving average price is $17.63. Quanex Building Products Corporation has a 12 month low of $12.84 and a 12 month high of $32.23. 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 company has a market capitalization of $598.88 million, a price-to-earnings ratio of -2.10, a price-to-earnings-growth ratio of 0.52 and a beta of 0.99.

Quanex Building Products (NYSE:NX) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $491.65 million. During the same quarter in the prior year, the company earned $0.73 EPS. Quanex Building Products has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Quanex Building Products Corporation will post 2.18 earnings per share for the current fiscal year.

Quanex Building Products Announces Dividend

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

Insider Buying and Selling at Quanex Building Products

In other Quanex Building Products news, Director Bradley E. Hughes bought 6,500 shares of the stock in a transaction dated Thursday, September 11th. The shares were acquired at an average cost of $15.27 per share, for a total transaction of $99,255.00. Following the completion of the transaction, the director owned 6,500 shares in the company, valued at approximately $99,255. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.15% 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.