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

Legal & General Group Plc purchased a new position in shares of Quanex Building Products Corporation (NYSE:NX) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 107,412 shares of the construction company’s stock, valued at approximately $2,000,000.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Quanex Building Products in the second quarter valued at about $136,089,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Quanex Building Products during the first quarter worth about $17,970,000. Arrowstreet Capital Limited Partnership raised its stake in Quanex Building Products by 961.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 592,785 shares of the construction company’s stock worth $10,652,000 after purchasing an additional 536,949 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Quanex Building Products by 36.2% in 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 during the period. Finally, Bank of New York Mellon Corp bought a new stake in Quanex Building Products in the 2nd quarter valued at about $4,967,000. 97.48% of the stock is currently owned by institutional investors.

Quanex Building Products Stock Performance

Shares of NYSE:NX opened at $22.65 on Monday. Quanex Building Products Corporation has a 1 year low of $11.04 and a 1 year high of $23.23. The company’s 50 day simple moving average is $19.08 and its 200 day simple moving average is $18.75. 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 stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 0.93 and a beta of 0.94.

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

Quanex Building Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.08 per share. The ex-dividend date 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 32.32%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Quanex Building Products in a research report on Friday, July 17th. Zacks Research upgraded shares of Quanex Building Products from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. Finally, Benchmark reiterated a “buy” rating on shares of Quanex Building Products in a research note on Thursday, August 27th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $28.00.

Quanex Building Products News Roundup

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 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.