Sidoti Csr Analysts Cut Earnings Estimates for Quanex Building Products Co. (NYSE:NX)

Quanex Building Products Co. (NYSE:NX) – Investment analysts at Sidoti Csr reduced their Q4 2024 EPS estimates for Quanex Building Products in a research report issued to clients and investors on Monday, September 9th. Sidoti Csr analyst J. Romero now anticipates that the construction company will earn $0.58 per share for the quarter, down from their previous estimate of $0.79. The consensus estimate for Quanex Building Products’ current full-year earnings is $2.33 per share.

Quanex Building Products (NYSE:NX) last released its quarterly earnings data on Thursday, September 5th. The construction company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.70 by $0.03. The firm had revenue of $280.35 million for the quarter, compared to the consensus estimate of $278.00 million. Quanex Building Products had a net margin of 6.88% and a return on equity of 14.68%. During the same period in the previous year, the company earned $0.97 earnings per share.

Separately, StockNews.com cut Quanex Building Products from a “buy” rating to a “hold” rating in a research note on Tuesday.

Quanex Building Products Stock Performance

Shares of NYSE:NX opened at $26.17 on Wednesday. Quanex Building Products has a 12-month low of $24.85 and a 12-month high of $39.31. The company’s 50 day moving average price is $28.67 and its two-hundred day moving average price is $31.93. The firm has a market cap of $866.49 million, a PE ratio of 10.73, a PEG ratio of 0.93 and a beta of 1.27. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.09.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Innealta Capital LLC acquired a new stake in shares of Quanex Building Products during the second quarter valued at about $46,000. nVerses Capital LLC grew its holdings in Quanex Building Products by 900.0% during the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the construction company’s stock worth $55,000 after acquiring an additional 1,800 shares during the last quarter. GAMMA Investing LLC grew its holdings in Quanex Building Products by 157.1% during the 1st quarter. GAMMA Investing LLC now owns 1,784 shares of the construction company’s stock worth $69,000 after acquiring an additional 1,090 shares during the last quarter. Quest Partners LLC increased its position in Quanex Building Products by 9,011.1% in the 2nd quarter. Quest Partners LLC now owns 3,280 shares of the construction company’s stock valued at $91,000 after acquiring an additional 3,244 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Quanex Building Products during the second quarter valued at $101,000. Institutional investors own 97.48% of the company’s stock.

Quanex Building Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, September 16th. This represents a $0.32 annualized dividend and a dividend yield of 1.22%. Quanex Building Products’s dividend payout ratio is currently 13.11%.

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.