Thompson Davis & CO. Inc. Buys 5,361 Shares of Quanex Building Products Corporation $NX

Thompson Davis & CO. Inc. lifted its stake in shares of Quanex Building Products Corporation (NYSE:NX) by 32.2% in the second quarter, HoldingsChannel reports. The fund owned 22,019 shares of the construction company’s stock after acquiring an additional 5,361 shares during the period. Thompson Davis & CO. Inc.’s holdings in Quanex Building Products were worth $416,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in NX. Allspring Global Investments Holdings LLC lifted its holdings in shares of Quanex Building Products by 3.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,355,294 shares of the construction company’s stock valued at $67,509,000 after acquiring an additional 110,268 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Quanex Building Products by 6.1% during the 1st quarter. Ameriprise Financial Inc. now owns 2,109,352 shares of the construction company’s stock valued at $39,212,000 after purchasing an additional 121,323 shares during the last quarter. Segall Bryant & Hamill LLC increased its position in shares of Quanex Building Products by 31.1% during the 1st quarter. Segall Bryant & Hamill LLC now owns 1,367,758 shares of the construction company’s stock valued at $25,427,000 after purchasing an additional 324,548 shares during the last quarter. Systematic Financial Management LP raised its holdings in Quanex Building Products by 14.5% during the 1st quarter. Systematic Financial Management LP now owns 1,202,505 shares of the construction company’s stock valued at $22,355,000 after buying an additional 152,275 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Quanex Building Products by 7.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 754,805 shares of the construction company’s stock worth $14,032,000 after buying an additional 54,187 shares during the last quarter. Hedge funds and other institutional investors own 97.48% of the company’s stock.

Insider Transactions at Quanex Building Products

In other news, Director Bradley E. Hughes purchased 6,500 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was acquired at an average cost of $15.27 per share, with a total value of $99,255.00. Following the completion of the transaction, the director owned 6,500 shares in the company, valued at $99,255. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.15% of the stock is owned by company insiders.

Quanex Building Products Stock Up 1.1%

Shares of NYSE NX opened at $13.26 on Thursday. The stock has a 50 day moving average price of $14.54 and a 200 day moving average price of $17.56. The firm has a market capitalization of $608.10 million, a price-to-earnings ratio of -2.14, a PEG ratio of 0.52 and a beta of 0.99. Quanex Building Products Corporation has a 52-week low of $12.84 and a 52-week high of $32.23. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.18 and a current ratio of 2.20.

Quanex Building Products (NYSE:NX) last posted its quarterly earnings results on Thursday, September 4th. The construction company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $495.27 million for the quarter, compared to the consensus estimate of $491.65 million. During the same period in the previous year, the company posted $0.73 EPS. Quanex Building Products has set its FY 2025 guidance at EPS. Sell-side analysts expect that Quanex Building Products Corporation will post 2.18 earnings per share for the current year.

Quanex Building Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Tuesday, September 16th. Quanex Building Products’s dividend payout ratio is -5.14%.

Wall Street Analyst Weigh In

NX has been the topic of several recent analyst reports. Weiss Ratings reissued 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 research note on Monday. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average 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.