Sidoti Research Analysts Raise Earnings Estimates for NX

Quanex Building Products Corporation (NYSE:NX) – Equities research analysts at Sidoti boosted their FY2026 EPS estimates for shares of Quanex Building Products in a research note issued to investors on Friday, September 4th. Sidoti analyst J. Romero now forecasts that the construction company will earn $1.77 per share for the year, up from their prior estimate of $1.66. The consensus estimate for Quanex Building Products’ current full-year earnings is $1.77 per share.

Several other research analysts have also commented on NX. Zacks Research upgraded Quanex Building Products from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. Weiss Ratings reissued a “sell (d)” rating on shares of Quanex Building Products in a research report on Friday, July 17th. Finally, Benchmark restated a “buy” rating on shares of Quanex Building Products in a research note on Thursday, August 27th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Quanex Building Products currently has an average rating of “Hold” and a consensus price target of $28.00.

Quanex Building Products Trading Down 2.8%

Shares of NYSE NX opened at $22.28 on Monday. The stock’s 50 day moving average price is $19.24 and its two-hundred day moving average price is $18.75. Quanex Building Products has a 52-week low of $11.04 and a 52-week high of $23.33. The stock has a market capitalization of $1.02 billion, a P/E ratio of 22.50, a PEG ratio of 0.93 and a beta of 0.94. The company has a quick ratio of 1.21, a current ratio of 2.23 and a debt-to-equity ratio of 0.85.

Quanex Building Products (NYSE:NX) last posted its quarterly earnings results on Thursday, September 3rd. The construction company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.13. The business had revenue of $501.85 million during the quarter, compared to the consensus estimate of $497.51 million. Quanex Building Products had a return on equity of 11.61% and a net margin of 2.43%.During the same period last year, the firm earned ($6.04) earnings per share.

Hedge Funds Weigh In On Quanex Building Products

Several institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its position in shares of Quanex Building Products by 22.6% during the 1st quarter. Royal Bank of Canada now owns 25,578 shares of the construction company’s stock worth $476,000 after purchasing an additional 4,720 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Quanex Building Products by 9.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,051 shares of the construction company’s stock worth $521,000 after buying an additional 2,347 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Quanex Building Products by 25.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 246,666 shares of the construction company’s stock worth $4,586,000 after buying an additional 49,895 shares during the last quarter. Jane Street Group LLC increased its position in Quanex Building Products by 887.4% in the first quarter. Jane Street Group LLC now owns 84,957 shares of the construction company’s stock worth $1,579,000 after buying an additional 76,353 shares during the period. Finally, Sei Investments Co. increased its position in Quanex Building Products by 8.0% in the second quarter. Sei Investments Co. now owns 72,103 shares of the construction company’s stock worth $1,363,000 after buying an additional 5,313 shares during the period. 97.48% of the stock is owned by institutional investors.

Quanex Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.32 dividend on an annualized basis and a yield of 1.4%. Quanex Building Products’s dividend payout ratio (DPR) is currently 32.32%.

About Quanex Building Products

Quanex Building Products Corporation engages in the design, manufacture and distribution of components for the window, door and building products industries in North America. The company operates through two primary segments: Window Products and Door & Building Products. Its Window Products segment supplies vinyl window profiles and related accessories, while its Door & Building Products segment offers engineered door skins, panels, siding products, specialty moldings and other exterior building components.

Within its Window Products segment, Quanex produces extrusion profiles used by window fabricators to assemble vinyl casement, double-hung, slider and picture windows.