Quanex Building Products (NX) Stock Price, News & Analysis

Company Overview

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. It offers flexible insulating glass spacers, extruded vinyl profiles, window and door screens, and precision-formed metal and wood products, as well as cabinet doors and other components for original equipment manufacturers (OEMs) in the kitchen and bathroom cabinet industry. In addition, the company provides various non-fenestration components and products, including solar panel sealants, trim moldings, vinyl decking, fencing, water retention barriers, and conservatory roof components. It sells its products to OEMs in the building products industry through sales representatives, direct sales force, distributors, and independent sales agents. Quanex Building Products Corporation was founded in 1927 and is based in Houston, Texas.

Key Stats

• Today's Range: $29.34 to $29.92
• 50-Day Range: $26.54 to $31.17
• 52-Week Range: $24.85 to $39.31
• Volume: 221,231 shs
• Average Volume: 267,252 shs
• Market Capitalization: $1.40 billion
• P/E Ratio: 13.21
• Dividend Yield: 1.08%
• Price Target: $38.00
• Consensus Rating: Buy

Quanex Building Products Stock Analysis - MarketRank™

Quanex Building Products scored higher than 99% of companies evaluated by MarketBeat, and ranked 2nd out of 102 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Quanex Building Products has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Quanex Building Products has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 4.4 / 5
• Proj. Earnings Growth: 36.28%

Earnings Growth

Earnings for Quanex Building Products are expected to grow by 36.28% in the coming year, from $2.15 to $2.93 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Quanex Building Products is 13.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.33.

Price to Earnings Ratio vs. Sector

The P/E ratio of Quanex Building Products is 13.21, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 29.79.

Price to Earnings Growth Ratio

Quanex Building Products has a PEG Ratio of 0.73. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Quanex Building Products has a P/B Ratio of 1.80. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.17% of the outstanding shares of Quanex Building Products have been sold short.

Short Interest Ratio / Days to Cover

Quanex Building Products has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Quanex Building Products has recently increased by 3.45%, indicating that investor sentiment is decreasing.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Quanex Building Products pays a meaningful dividend of 1.07%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Quanex Building Products does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Quanex Building Products is 14.22%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Quanex Building Products will have a dividend payout ratio of 10.92% next year. This indicates that Quanex Building Products will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.8 / 5
• Environmental Score: -2.24

Percentage of Shares Shorted

3.17% of the outstanding shares of Quanex Building Products have been sold short.

Short Interest Ratio / Days to Cover

Quanex Building Products has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Quanex Building Products has recently increased by 3.45%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.6 / 5
• News Sentiment: 1.43

News Sentiment

Quanex Building Products has a news sentiment score of 1.43. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.81 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Quanex Building Products this week, compared to 3 articles on an average week.

Search Interest

Only 1 people have searched for NX on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

2 people have added Quanex Building Products to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Quanex Building Products insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.15% of the stock of Quanex Building Products is held by insiders.

Percentage Held by Institutions

97.48% of the stock of Quanex Building Products is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NX Stock Analysis - Frequently Asked Questions

How have NX shares performed this year?

Quanex Building Products' stock was trading at $30.57 at the beginning of 2024. Since then, NX stock has decreased by 2.8% and is now trading at $29.72.
View the best growth stocks for 2024 here.

How were Quanex Building Products' earnings last quarter?

Quanex Building Products Co. (NYSE:NX) issued its earnings results on Thursday, September, 5th. The construction company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.03. The construction company earned $280.35 million during the quarter, compared to the consensus estimate of $278 million. Quanex Building Products had a net margin of 6.88% and a trailing twelve-month return on equity of 14.68%.

Does Quanex Building Products have any subsidiaries?

Quanex Building Products subsidiaries include Woodcraft Industries, HL Plastics, Alumco Inc., Quanex IG Systems, Brentwood Acquisition Corp., Edgetech Europe GmbH, Edgetech (UK) LTD., and more.

Who are Quanex Building Products' major shareholders?

Quanex Building Products' top institutional investors include Allspring Global Investments Holdings LLC (10.11%), State Street Corp (3.40%), Segall Bryant & Hamill LLC (2.54%) and Geode Capital Management LLC (2.20%). Insiders that own company stock include William C Griffiths, Paul Cornett, Curtis M Stevens, Susan F Davis, George Laverne Wilson and Jason Lippert.
View institutional ownership trends.

How do I buy shares of Quanex Building Products?

Shares of NX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Quanex Building Products own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Quanex Building Products investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), ServiceNow (NOW), Adobe (ADBE) and Advanced Micro Devices (AMD).

Company Calendar

• Last Earnings: 9/05/2024
• Ex-Dividend for 9/30 Dividend: 9/16/2024
• Dividend Payable: 9/30/2024
• Today: 11/20/2024
• Next Earnings (Estimated): 12/12/2024
• Fiscal Year End: 10/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Construction
• Industry: Rolling, drawing, & extruding of nonferrous metals
• Sub-Industry: Building Products
• Current Symbol: NYSE:NX
• CUSIP: 74761910
• CIK: 1423221
• Web: www.quanex.com
• Phone: (713) 961-4600
• Fax: 740-439-0121
• Employees: 3,792
• Year Founded: 1927

Price Target and Rating

• Average Stock Price Target: $38.00
• High Stock Price Target: $38.00
• Low Stock Price Target: $38.00
• Potential Upside/Downside: +27.9%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.25
• Trailing P/E Ratio: 13.21
• Forward P/E Ratio: 13.82
• P/E Growth: 0.73
• Net Income: $82.50 million
• Net Margins: 6.88%
• Pretax Margin: 8.46%
• Return on Equity: 14.68%
• Return on Assets: 9.90%

Debt

• Debt-to-Equity Ratio: 0.09
• Current Ratio: 2.36
• Quick Ratio: 1.58

Sales & Book Value

• Annual Sales: $1.13 billion
• Price / Sales: 1.24
• Cash Flow: $4.01 per share
• Price / Cash Flow: 7.41
• Book Value: $16.54 per share
• Price / Book: 1.80

Miscellaneous

• Outstanding Shares: 47,250,000
• Free Float: 46,236,000
• Market Cap: $1.40 billion
• Optionable: Optionable
• Beta: 1.25