Quanex Building Products Stock Today

NX Stock  USD 38.43  0.36  0.93%   

Performance

16 of 100

 
Low
 
High
Solid

Odds Of Distress

Less than 3

 
100  
 
Zero
Very Low
Quanex Building is trading at 38.43 as of the 29th of March 2024; that is -0.93% down since the beginning of the trading day. The stock's open price was 38.79. Quanex Building has a very small chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for Quanex Building Products are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of February 2024 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain
Capital Goods
IPO Date
30th of December 1987
Category
Industrials
Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry in the United States, Europe, Canada, Asia, and internationally. The company was founded in 1927 and is based in Houston, Texas. Quanex Building operates under Building Products Equipment classification in the United States and is traded on New York Stock Exchange. The company has 33.1 M outstanding shares of which 781.09 K shares are now sold short in the market by investors with about 5.58 days to cover all shorted shares. More on Quanex Building Products

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Quanex Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Quanex Building's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Quanex Building or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOGeorge Wilson
Thematic Ideas
(View all Themes)
Old NameNoka Resources Inc.
Business ConcentrationBuilding Products, Building Products & Equipment, Industrials, NYSE Composite, SP Small-Cap 600, Iron, Steel Works Etc, Industrials, Building Products, Building Products & Equipment, Industrials (View all Sectors)
Average Analyst Recommendation
Analysts covering Quanex Building report their recommendations after researching Quanex Building's financial statements, talking to executives and customers, or listening in on Quanex Building's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Quanex Building Products. The Quanex consensus assessment is calculated by taking the average forecast from all of the analysts covering Quanex Building.
Financial Strength
Based on the key indicators obtained from Quanex Building's historical financial statements, Quanex Building Products is doing better financially then in previous quarter. It has a moderate probability of reporting better financial numbers in April. Financial strength of Quanex Building Products is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover1.511.56
Sufficiently Down
Slightly volatile
Gross Profit Margin0.150.22
Way Down
Slightly volatile
Total Current Liabilities113.4 M121.2 M
Notably Down
Slightly volatile
Non Current Liabilities Total133.6 M135.8 M
Fairly Down
Pretty Stable
Total Assets795.7 M955.8 M
Significantly Down
Slightly volatile
Total Current Assets209.9 M246.2 M
Fairly Down
Very volatile
Total Cash From Operating Activities100.8 M169.1 M
Way Down
Slightly volatile
Quanex Building's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Quanex Building's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Quanex Building's financial leverage. It provides some insight into what part of Quanex Building's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Quanex Building's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Quanex Building deploys its capital and how much of that capital is borrowed.
Liquidity
Quanex Building cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company reports 116.39 M of total liabilities with total debt to equity ratio (D/E) of 0.23, which may suggest the company is not taking enough advantage from financial leverage. Quanex Building Products has a current ratio of 1.89, which is generally considered normal. Debt can assist Quanex Building until it has trouble settling it off, either with new capital or with free cash flow. So, Quanex Building's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Quanex Building Products sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Quanex to invest in growth at high rates of return. When we think about Quanex Building's use of debt, we should always consider it together with cash and equity.

Total Cash From Operating Activities

100.78 Million
Quanex Building Products (NX) is traded on New York Stock Exchange in USA. It is located in 945 Bunker Hill Road, Houston, TX, United States, 77024 and employs 3,792 people. Quanex Building is listed under Building Products category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a market capitalization of 1.27 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Quanex Building's market, we take the total number of its shares issued and multiply it by Quanex Building's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Quanex Building Products is active under Building Products sector as part of Industrials industry. The entity has 33.1 M outstanding shares of which 781.09 K shares are now sold short in the market by investors with about 5.58 days to cover all shorted shares. Quanex Building Products reports about 55.09 M in cash with 147.05 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.52.
Check Quanex Building Probability Of Bankruptcy
Ownership Allocation
Quanex Building owns a total of 33.1 Million outstanding shares. The majority of Quanex Building Products outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Quanex Building Products to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Quanex Building. Please pay attention to any change in the institutional holdings of Quanex Building Products as this could imply that something significant has changed or is about to change at the company. Also note that almost three hundred thirty-one thousand thirty-six invesors are currently shorting Quanex Building expressing very little confidence in its future performance.
Check Quanex Ownership Details

Quanex Stock Price Odds Analysis

Based on a normal probability distribution, the odds of Quanex Building jumping above the current price in 90 days from now is about 1.53%. The Quanex Building Products probability density function shows the probability of Quanex Building stock to fall within a particular range of prices over 90 days. Allowing for the 90-day total investment horizon the stock has a beta coefficient of 2.0447. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Quanex Building will likely underperform. Additionally, quanex Building Products has an alpha of 0.0834, implying that it can generate a 0.0834 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 38.43HorizonTargetOdds Above 38.43
98.45%90 days
 38.43 
1.53%
Based on a normal probability distribution, the odds of Quanex Building to move above the current price in 90 days from now is about 1.53 (This Quanex Building Products probability density function shows the probability of Quanex Stock to fall within a particular range of prices over 90 days) .

Quanex Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Quanex Building that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Quanex Building's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Quanex Building's value.
InstituionRecorded OnShares
Morgan Stanley - Brokerage Accounts2023-09-30
648.4 K
American Century Companies Inc2023-12-31
599.8 K
Royce & Associates, Lp2023-12-31
586.5 K
Pacer Advisors, Inc.2023-09-30
540 K
Charles Schwab Investment Management Inc2023-09-30
500.4 K
Loomis, Sayles & Company Lp2023-09-30
474.7 K
Bank Of New York Mellon Corp2023-09-30
421.9 K
Northern Trust Corp2023-09-30
350.2 K
Bank Of America Corp2023-09-30
320.5 K
Blackrock Inc2023-12-31
5.3 M
Vanguard Group Inc2023-09-30
3.7 M
View Quanex Building Diagnostics

Quanex Building Historical Income Statement

Quanex Building Products Income Statement is one of the three primary financial statements used for reporting Quanex's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Quanex Building Products revenue and expense. Quanex Building Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Quanex Building's Depreciation And Amortization is fairly stable compared to the past year. Operating Income is likely to rise to about 104.6 M in 2024, whereas Interest Expense is likely to drop slightly above 7 M in 2024. View More Fundamentals

Quanex Stock Against Markets

Picking the right benchmark for Quanex Building stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Quanex Building stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Quanex Building is critical whether you are bullish or bearish towards Quanex Building Products at a given time. Please also check how Quanex Building's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Quanex Building without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Quanex Building Corporate Directors

Quanex Building corporate directors refer to members of a Quanex Building board of directors. The board of directors generally takes responsibility for the Quanex Building's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Quanex Building's board members must vote for the resolution. The Quanex Building board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
LeRoy NosbaumIndependent DirectorProfile
Joseph RuppLead Independent DirectorProfile
Donald MaierIndependent DirectorProfile
William WaltzIndependent DirectorProfile

How to buy Quanex Stock?

Before investing in Quanex Building, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Quanex Building. To buy Quanex Building stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Quanex Building. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Quanex Building stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Quanex Building Products stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Quanex Building Products stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Quanex Building Products, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Quanex Stock please use our How to Invest in Quanex Building guide.

Already Invested in Quanex Building Products?

The danger of trading Quanex Building Products is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Quanex Building is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Quanex Building. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Quanex Building Products is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Quanex Building Products offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Quanex Building's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Quanex Building Products Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Quanex Building Products Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Quanex Building Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.
You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Complementary Tools for Quanex Stock analysis

When running Quanex Building's price analysis, check to measure Quanex Building's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Quanex Building is operating at the current time. Most of Quanex Building's value examination focuses on studying past and present price action to predict the probability of Quanex Building's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quanex Building's price. Additionally, you may evaluate how the addition of Quanex Building to your portfolios can decrease your overall portfolio volatility.
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Is Quanex Building's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Quanex Building. If investors know Quanex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Quanex Building listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
2.28
Dividend Share
0.32
Earnings Share
2.63
Revenue Per Share
33.788
Quarterly Revenue Growth
(0.09)
The market value of Quanex Building Products is measured differently than its book value, which is the value of Quanex that is recorded on the company's balance sheet. Investors also form their own opinion of Quanex Building's value that differs from its market value or its book value, called intrinsic value, which is Quanex Building's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Quanex Building's market value can be influenced by many factors that don't directly affect Quanex Building's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Quanex Building's value and its price as these two are different measures arrived at by different means. Investors typically determine if Quanex Building is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Quanex Building's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.