Quanex Building Products (NYSE:NX) reported third-quarter 2026 net sales of $501.8 million, up 1.3% from $495.3 million a year earlier. GAAP net income was $26.5 million, compared with a net loss of $276.0 million in the prior-year quarter.
Basic and diluted earnings per share were both $0.58 for the three months ended July 31, 2026. The company said improved pricing, lower depreciation and amortization expense, and lower interest expense contributed to higher reported earnings from the prior-year period.
- Third-quarter gross margin was $141.5 million, or 28.2%, versus 27.9% a year earlier.
- Operating income totaled $46.5 million, compared with an operating loss of $270.8 million in the prior-year quarter.
- Quanex repaid $42.25 million of debt during the quarter and repurchased 99,786 shares for about $1.7 million.
- Total debt was $672.2 million as of July 31, 2026, while liquidity was $363.1 million.
- Custom Solutions sales increased 8.5%, while Hardware Solutions sales declined 2.7% and Extruded Solutions sales rose 2.8%.
$NX Hedge Fund Activity
We have seen 84 institutional investors add shares of $NX stock to their portfolio, and 124 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SEGALL BRYANT & HAMILL, LLC added 1,320,139 shares (+inf%) to their portfolio in Q2 2026, for an estimated $24,580,988
- AMERICAN CENTURY COMPANIES INC added 982,169 shares (+140.5%) to their portfolio in Q2 2026, for an estimated $18,287,986
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 849,536 shares (+inf%) to their portfolio in Q2 2026, for an estimated $15,818,360
- CRAMER ROSENTHAL MCGLYNN LLC added 345,889 shares (+inf%) to their portfolio in Q2 2026, for an estimated $6,440,453
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 324,114 shares (-54.7%) from their portfolio in Q2 2026, for an estimated $6,035,002
- ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC removed 324,105 shares (-12.0%) from their portfolio in Q2 2026, for an estimated $6,034,835
- DIMENSIONAL FUND ADVISORS LP added 302,954 shares (+17.4%) to their portfolio in Q2 2026, for an estimated $5,641,003
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
