Northern Trust Corp Has $9.25 Million Stake in Quanex Building Products Corporation $NX

Northern Trust Corp increased its position in Quanex Building Products Corporation (NYSE:NX) by 1.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 497,810 shares of the construction company’s stock after purchasing an additional 7,564 shares during the period. Northern Trust Corp’s holdings in Quanex Building Products were worth $9,254,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Quanex Building Products by 23.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,892 shares of the construction company’s stock valued at $434,000 after purchasing an additional 3,411 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Quanex Building Products by 4.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 23,598 shares of the construction company’s stock valued at $572,000 after purchasing an additional 1,048 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Quanex Building Products by 29.2% in the 4th quarter. Ameriprise Financial Inc. now owns 1,988,029 shares of the construction company’s stock valued at $48,190,000 after purchasing an additional 449,646 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Quanex Building Products in the 4th quarter valued at $213,000. Finally, Deutsche Bank AG lifted its stake in shares of Quanex Building Products by 54.4% in the 4th quarter. Deutsche Bank AG now owns 35,859 shares of the construction company’s stock valued at $869,000 after purchasing an additional 12,628 shares during the last quarter. Institutional investors and hedge funds own 97.48% of the company’s stock.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Quanex Building Products to a “hold” rating in a report on Monday, August 11th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Quanex Building Products has an average rating of “Moderate Buy” and an average target price of $38.00.

Quanex Building Products Stock Performance

NYSE:NX opened at $18.19 on Friday. The firm’s 50-day moving average is $20.23 and its 200-day moving average is $18.97. Quanex Building Products Corporation has a 52-week low of $15.30 and a 52-week high of $32.23. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.26 and a current ratio of 2.41. The company has a market cap of $835.96 million, a price-to-earnings ratio of -2.92, a PEG ratio of 0.57 and a beta of 0.99.

Quanex Building Products (NYSE:NX) last posted 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). The company had revenue of $495.27 million for the quarter, compared to the consensus estimate of $491.65 million. Quanex Building Products had a positive return on equity of 9.75% and a negative net margin of 15.45%.During the same quarter in the previous year, the firm posted $0.73 EPS. Quanex Building Products has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Quanex Building Products Corporation will post 2.18 earnings per share for the current year.

Quanex Building Products Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a $0.08 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $0.32 dividend on an annualized basis and a yield of 1.8%. Quanex Building Products’s payout ratio is 54.24%.

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.