Quanex Building Products (NYSE:NX) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Quanex Building Products (NYSE:NX) from a hold rating to a strong-buy rating in a research report report published on Saturday morning,Wall Street Zen reports.

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

Quanex Building Products Price Performance

NX stock opened at $21.66 on Friday. Quanex Building Products has a 1 year low of $11.04 and a 1 year high of $23.33. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.23 and a quick ratio of 1.21. The firm has a market capitalization of $992.82 million, a PE ratio of 21.88, a price-to-earnings-growth ratio of 0.85 and a beta of 0.94. The business has a 50 day simple moving average of $19.49 and a 200-day simple moving average of $18.76.

Quanex Building Products (NYSE:NX) last announced its quarterly earnings data 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 firm had revenue of $501.85 million for 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 quarter last year, the business posted ($6.04) earnings per share. Equities research analysts anticipate that Quanex Building Products will post 1.82 earnings per share for the current fiscal year.

Quanex Building Products Dividend Announcement

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

Institutional Investors Weigh In On Quanex Building Products

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its stake in shares of Quanex Building Products by 22.6% in the 1st quarter. Royal Bank of Canada now owns 25,578 shares of the construction company’s stock valued at $476,000 after purchasing an additional 4,720 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of 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 purchasing an additional 2,347 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of 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 purchasing an additional 49,895 shares during the last quarter. Jane Street Group LLC raised its holdings in Quanex Building Products by 887.4% in the 1st quarter. Jane Street Group LLC now owns 84,957 shares of the construction company’s stock valued at $1,579,000 after buying an additional 76,353 shares during the period. Finally, Sei Investments Co. lifted 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 valued at $1,363,000 after buying an additional 5,313 shares during the last quarter. Institutional investors and hedge funds own 97.48% of the company’s stock.

Quanex Building Products News Roundup

Here are the key news stories impacting Quanex Building Products this week:

• Positive Sentiment: Sidoti raised its FY2026 EPS forecast to $1.82 from $1.77, above the current consensus estimate of $1.77. Its Q4 2026 estimate also increased to $0.79 from $0.74, suggesting improved expectations for near-term profitability. Quanex Building Products analyst estimates
• Positive Sentiment: The analyst lifted its Q3 2027 EPS forecast to $0.87 from $0.83 and expects FY2028 EPS of $2.34. The longer-term forecast implies earnings growth beyond the current fiscal year and may support the investment case. Quanex Building Products analyst estimates
• Neutral Sentiment: Sidoti initiated or reiterated estimates of $0.38 EPS for Q2 2027, a $0.12-per-share loss for Q1 2028, $0.44 EPS for Q2 2028 and $0.95 EPS for Q3 2028. These forecasts indicate seasonal volatility, including a projected loss in early 2028. Quanex Building Products analyst estimates
• Negative Sentiment: Sidoti reduced its FY2027 EPS forecast to $2.05 from $2.25, cut Q2 2027 EPS to $0.38 from $0.46 and lowered Q4 2027 EPS to $0.99 from $1.03. These downward revisions point to weaker expected earnings momentum during 2027. Quanex Building Products analyst estimates

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.