Sidoti Expects Weaker Earnings for Quanex Building Products

Quanex Building Products Corporation (NYSE:NX) – Sidoti cut their Q1 2027 earnings estimates for shares of Quanex Building Products in a research report issued on Thursday, September 10th. Sidoti analyst J. Romero now expects that the construction company will post earnings per share of ($0.19) for the quarter, down from their previous forecast of ($0.07). The consensus estimate for Quanex Building Products’ current full-year earnings is $1.82 per share.

NX has been the topic of a number of other reports. Zacks Research raised Quanex Building Products from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. Wall Street Zen raised Quanex Building Products from a “hold” rating to a “strong-buy” rating in a research report on Saturday. Benchmark reiterated a “buy” rating on shares of Quanex Building Products in a research note on Thursday, August 27th. Finally, Weiss Ratings raised Quanex Building Products from a “sell (d)” rating to a “hold (c)” rating in a report on Tuesday, September 8th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $28.00.

Quanex Building Products Price Performance

Shares of NYSE NX opened at $21.09 on Monday. Quanex Building Products has a fifty-two week low of $11.04 and a fifty-two week high of $23.33. The company has a 50 day simple moving average of $19.66 and a two-hundred day simple moving average of $18.73. The company has a market capitalization of $966.42 million, a price-to-earnings ratio of 21.30, a P/E/G ratio of 0.82 and a beta of 0.94. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.21 and a current ratio of 2.23.

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

Institutional Investors Weigh In On Quanex Building Products

A number of institutional investors have recently made changes to their positions in NX. BlackRock Inc. purchased a new position in Quanex Building Products in the 2nd quarter worth approximately $136,089,000. Dimensional Fund Advisors LP boosted its stake in Quanex Building Products by 36.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,741,613 shares of the construction company’s stock valued at $31,296,000 after purchasing an additional 462,992 shares during the last quarter. Systematic Financial Management LP boosted its stake in Quanex Building Products by 10.3% during the 4th quarter. Systematic Financial Management LP now owns 1,773,756 shares of the construction company’s stock valued at $27,280,000 after purchasing an additional 165,424 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Quanex Building Products in the 1st quarter worth $17,970,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Quanex Building Products by 1.2% in the 1st quarter. Renaissance Technologies LLC now owns 770,756 shares of the construction company’s stock worth $13,850,000 after purchasing an additional 8,848 shares in the last quarter. Hedge funds and other institutional investors own 97.48% of the company’s stock.

Quanex Building Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 15th. Quanex Building Products’s dividend payout ratio is currently 32.32%.

About Quanex Building Products

Quanex Building Products Corporation (NYSE:NX) manufactures components and systems used in the fenestration and cabinet industries. Its products are incorporated into residential and commercial windows, doors, and related building products rather than typically sold directly to consumers.

The company’s product portfolio includes insulating glass components, window and door screens, vinyl profiles, hardware, sealing and weatherstripping products, and other engineered components used by window and door manufacturers.