Sidoti Csr Analysts Lower Earnings Estimates for NX

Quanex Building Products Co. (NYSE:NX - Free Report) - Sidoti Csr cut their Q1 2025 earnings per share estimates for shares of Quanex Building Products in a research note issued to investors on Wednesday, November 27th. Sidoti Csr analyst J. Romero now expects that the construction company will post earnings of $0.20 per share for the quarter, down from their previous forecast of $0.35. The consensus estimate for Quanex Building Products' current full-year earnings is $2.10 per share. Sidoti Csr also issued estimates for Quanex Building Products' Q2 2025 earnings at $0.54 EPS, Q3 2025 earnings at $0.72 EPS, Q4 2025 earnings at $0.80 EPS and FY2025 earnings at $2.26 EPS.

Quanex Building Products (NYSE:NX - Get Free Report) last posted its quarterly earnings results on Thursday, September 5th. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.03. Quanex Building Products had a net margin of 6.88% and a return on equity of 14.68%. The firm had revenue of $280.35 million for the quarter, compared to analyst estimates of $278.00 million. During the same period in the prior year, the firm posted $0.97 earnings per share.

Several other equities research analysts also recently issued reports on NX. StockNews.com downgraded shares of Quanex Building Products from a "buy" rating to a "hold" rating in a research report on Thursday. Benchmark restated a "buy" rating and issued a $38.00 price target on shares of Quanex Building Products in a research note on Wednesday, September 11th.

Quanex Building Products Stock Performance

Shares of NYSE NX traded down $0.21 during mid-day trading on Monday, reaching $29.55. 150,940 shares of the company were exchanged, compared to its average volume of 351,147. The stock has a market capitalization of $1.40 billion, a P/E ratio of 13.23, a P/E/G ratio of 0.94 and a beta of 1.25. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.09. The company's 50-day simple moving average is $29.26 and its 200-day simple moving average is $29.25. Quanex Building Products has a twelve month low of $24.85 and a twelve month high of $39.31.

Institutional Investors Weigh In On Quanex Building Products

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its holdings in shares of Quanex Building Products by 4.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,347,818 shares of the construction company's stock worth $92,902,000 after buying an additional 147,444 shares in the last quarter. State Street Corp grew its position in Quanex Building Products by 28.1% in the third quarter. State Street Corp now owns 1,604,668 shares of the construction company's stock valued at $44,530,000 after acquiring an additional 351,778 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Quanex Building Products by 14.6% in the second quarter. Pacer Advisors Inc. now owns 1,295,125 shares of the construction company's stock worth $35,810,000 after acquiring an additional 165,121 shares during the last quarter. Segall Bryant & Hamill LLC boosted its stake in shares of Quanex Building Products by 0.5% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 1,202,258 shares of the construction company's stock valued at $33,363,000 after purchasing an additional 6,566 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Quanex Building Products by 0.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,159,407 shares of the construction company's stock valued at $32,058,000 after purchasing an additional 3,400 shares during the last quarter. 97.48% of the stock is currently owned by institutional investors.

About Quanex Building Products

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.