Legal & General Group Plc Invests $2 Million in Quanex Building Products Corporation $NX

Legal & General Group Plc purchased a new stake in Quanex Building Products Corporation (NYSE:NX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 107,412 shares of the construction company’s stock, valued at approximately $2,000,000. Legal & General Group Plc owned 0.23% of Quanex Building Products as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. BlackRock Inc. bought a new position in Quanex Building Products during the second quarter worth about $136,089,000. Ameriprise Financial Inc. raised its position in shares of Quanex Building Products by 7.9% during the second quarter. Ameriprise Financial Inc. now owns 2,275,870 shares of the construction company’s stock worth $43,013,000 after purchasing an additional 166,518 shares during the period. Systematic Financial Management LP lifted its holdings in shares of 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 in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of 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 in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Quanex Building Products by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,099,557 shares of the construction company’s stock valued at $16,914,000 after purchasing an additional 4,976 shares during the period. Institutional investors own 97.48% of the company’s stock.

Analysts Set New Price Targets

NX has been the topic of several research analyst reports. Zacks Research upgraded shares of Quanex Building Products from a “strong sell” rating to a “hold” rating in a report on Friday, July 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of Quanex Building Products in a report on Friday, July 17th. Finally, Benchmark reissued a “buy” rating on shares of Quanex Building Products in a research report on Thursday, August 27th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $28.00.

Quanex Building Products Stock Performance

Shares of NYSE NX opened at $22.65 on Monday. The company has a current ratio of 2.23, a quick ratio of 1.21 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $1.04 billion, a P/E ratio of 22.88, a P/E/G ratio of 0.93 and a beta of 0.94. Quanex Building Products Corporation has a 12 month low of $11.04 and a 12 month high of $23.23. The stock has a 50 day moving average of $19.08 and a 200-day moving average of $18.75.

Quanex Building Products (NYSE:NX) last posted its quarterly earnings results on Thursday, September 3rd. The construction company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.13. Quanex Building Products had a return on equity of 11.61% and a net margin of 2.43%.The business had revenue of $501.85 million for the quarter, compared to analysts’ expectations of $497.51 million. During the same quarter in the prior year, the business earned ($6.04) EPS. As a group, equities research analysts predict that Quanex Building Products Corporation will post 1.77 EPS for the current year.

Quanex Building Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.32 annualized dividend and a dividend yield of 1.4%. Quanex Building Products’s dividend payout ratio is presently 32.32%.

Key Headlines Impacting Quanex Building Products

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

• Positive Sentiment: Quarterly earnings and revenue beat estimates: Quanex reported adjusted diluted EPS of $0.79, above analyst expectations of approximately $0.66–$0.68, while revenue rose 1.3% year over year to $501.8 million, exceeding estimates near $497.5 million. Quanex Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: Margins improved materially: Consolidated gross margin expanded to 28.2% from 27.9%, while adjusted EBITDA increased to $72.7 million from $70.3 million. Operating income was $46.5 million, compared with a $270.8 million loss in the prior-year quarter, which included a substantial goodwill impairment charge. Management attributed the improvement primarily to better pricing, lower depreciation and amortization, and reduced interest expense. Quanex Third Quarter 2026 Results
• Positive Sentiment: Balance-sheet actions supported investor confidence: Quanex repaid $42.25 million of debt during the quarter, increased liquidity to $363.1 million and reduced total debt to $672.2 million. The company also repurchased nearly 100,000 shares for approximately $1.7 million and said it intends to continue prioritizing debt repayment and opportunistic buybacks. Quanex Reports Sales Growth, Margin Expansion and Debt Reduction
• Neutral Sentiment: Segment performance was mixed: Extruded Solutions revenue rose 2.8% and Custom Solutions revenue increased 8.5%, but Hardware Solutions revenue declined 2.7% because of lower volumes and tariff reimbursements. Management said volumes were tracking normal seasonal patterns and that consumer-demand improvement remains a future opportunity.
• Negative Sentiment: Longer-term profitability remains under pressure: For the first nine months, adjusted EBITDA fell to $144.3 million from $172.0 million, adjusted EPS declined to $1.03 from $1.47, and free cash flow decreased to $24.2 million from $35.6 million. Inflation, geopolitical risks and leverage of 2.8 times net debt to adjusted EBITDA remain risks for investors.

Quanex Building Products Company Profile

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.