Friday's ETF with Unusual Volume: SFLO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 20 2024
0mins
Source: NASDAQ.COM
ETF Performance Highlights: On Friday, Lyft and Cleveland-cliffs saw increases of about 1% and 1.8%, respectively, with significant trading volumes, while Quanex Building Products surged by 10.9%.
Underperforming Component: Scholastic experienced a notable decline, trading down approximately 15.6%, making it the worst performer in the VictoryShares Small Cap Free Cash Flow ETF.
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Analyst Views on NX
Wall Street analysts forecast NX stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 17.000
Low
28.00
Averages
28.00
High
28.00
Current: 17.000
Low
28.00
Averages
28.00
High
28.00
About NX
Quanex Building Products Corporation is a manufacturer and component supplier to original equipment manufacturers in the building products industry, including window, door, solar, refrigeration, custom mixing, building access, and cabinetry markets. It also provides solar panel sealants, trim moldings, water retention barriers, conservatory roof components, and commercial access solutions. The Hardware Solutions segment manufactures engineered window and door hardware, screens, and other fenestration components primarily serving the residential and light-commercial building markets. The Extruded Solutions segment manufactures insulating-glass spacers, vinyl and composite profiles, and sealing solutions used in the fabrication of windows, doors, conservatories, roofs, and related building applications. The Custom Solutions segment delivers a range of engineered product solutions across wood, metal, and elastomeric materials that serve residential, commercial, and industrial end markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Quanex to Release Q2 2026 Results and Host Conference Call
- Earnings Release Schedule: Quanex Building Products Corporation plans to release its Q2 2026 financial results on June 4, 2026, after market close, reflecting the company's commitment to transparency and investor communication.
- Conference Call Timing: The company has scheduled a conference call for June 5, 2026, at 11:00 a.m. ET to discuss the earnings report in detail, enhancing engagement with investors.
- Webcast Link Availability: Participants can find the live audio webcast link in the Investors section of the company’s website, indicating Quanex's modernization efforts in information dissemination.
- Market Expansion Plans: Quanex intends to leverage its material science and process engineering expertise to expand into adjacent markets, demonstrating the company's proactive approach to future growth opportunities.
See More
Advanced Drainage Systems Beats Earnings Estimates
- Earnings Surprise: Advanced Drainage Systems reported earnings of $1.07 per share, exceeding the Zacks consensus estimate of $1.00, and up from $1.03 a year ago, indicating sustained improvement in the company's profitability.
- Significant Revenue Growth: The company achieved revenues of $676.76 million for the quarter, surpassing the Zacks consensus estimate by 2.48%, and reflecting a 9.93% increase from $615.76 million year-over-year, showcasing strong market performance.
- Underperformance in Market: Despite the positive earnings report, Advanced Drainage's shares have declined by 5.5% since the beginning of the year, contrasting with the S&P 500's gain of 8.6%, indicating a lack of investor confidence in the stock.
- Cautious Future Outlook: The current Zacks Rank of 3 (Hold) suggests a cautious investor sentiment regarding earnings expectations for the upcoming quarters, particularly as the overall industry rank is in the bottom 40% of the Zacks categories.
See More
Quanex Appoints Chad Collins as President of Hardware Solutions
- Leadership Change: Quanex Building Products Corporation announced that Chad Collins will take over as President of Hardware Solutions on April 6, 2026, succeeding Bob Daniels, who will retire at the end of 2026 after over 35 years with the company, marking a significant leadership transition.
- Extensive Experience: Collins brings over 20 years of global leadership experience from senior roles at companies like OTC Industrial Technologies and Haydon Corporation, where he successfully drove commercial and operational transformations, enhancing profitability and customer experience, which is expected to inject new growth momentum into Quanex.
- Strategic Focus: In his new role, Collins will lead the strategic and operational direction of Hardware Solutions, focusing on growth, innovation, and delivering long-term value for customers and shareholders, indicating the company's commitment to future development.
- Transition Support: Bob Daniels will assist Collins during the leadership transition until the end of May 2026 and will remain engaged with the business throughout the year, ensuring a smooth leadership handover that reflects the company's commitment to its employees and customers.
See More
Angelo Gordon Acquires Shares in Quanex Building Products
- New Investment Disclosure: Angelo Gordon acquired 2,054,770 shares of Quanex Building Products in Q4 2025, totaling $31.60 million, indicating confidence in the building products market.
- Asset Management Proportion: The acquired shares represent approximately 3% of Angelo Gordon's 13F reportable assets, reflecting a strategic positioning within a diversified portfolio aimed at capitalizing on housing market recovery opportunities.
- Financial Performance Analysis: Quanex reported approximately $409.1 million in revenue in its latest earnings report, despite a net loss of $4.1 million and negative $31.5 million in free cash flow, demonstrating its ability to generate substantial cash flow amid uneven housing demand.
- Market Reaction: Since the end of the quarter, Quanex's stock has risen about 15%, while the S&P 500 has declined roughly 1%, indicating that Angelo Gordon's investment strategy has yielded positive results in the current market environment.
See More
Angelo Gordon Initiates Position in Quanex Building Products
- New Position: Angelo Gordon acquired 2,054,770 shares of Quanex Building Products for $31.60 million during Q4 2025, reflecting confidence in the company's growth potential.
- Asset Allocation: This acquisition represents 2.98% of Angelo Gordon's reportable 13F assets, indicating its increasing significance within the investment portfolio.
- Market Performance: As of February 17, 2026, Quanex's stock price stood at $22.11, having declined 4.5% over the past year, yet showing a 15% increase year-to-date, suggesting market recognition of its potential.
- Financial Status: Despite facing high inflation and interest rate pressures, Quanex reported approximately $409.1 million in revenue for the latest quarter, with the CEO emphasizing cost-cutting and debt repayment strategies to navigate current market challenges.
See More
Angelo Gordon Initiates $31.6 Million Position in Quanex Building Products
- New Position: Angelo Gordon acquired 2,054,770 shares of Quanex Building Products during Q4 2025, totaling $31.6 million, indicating confidence in the company's growth potential despite current challenges.
- Holding Proportion: This acquisition represents 2.98% of Angelo Gordon's reportable 13F assets, reflecting a bullish outlook on the building products market, even as the company faces profitability pressures.
- Financial Performance: Quanex reported $409.1 million in revenue for the latest quarter, alongside a $4.1 million net loss and negative $31.5 million in free cash flow, highlighting cash generation amidst uneven housing demand.
- Market Reaction: Since the end of the quarter, Quanex's stock has risen approximately 15%, contrasting with a 1% decline in the S&P 500, suggesting optimistic market sentiment regarding its future performance.
See More
Quanex to Release Q2 2026 Results and Host Conference Call
- Earnings Release Schedule: Quanex Building Products Corporation plans to release its Q2 2026 financial results on June 4, 2026, after market close, reflecting the company's commitment to transparency and investor communication.
- Conference Call Timing: The company has scheduled a conference call for June 5, 2026, at 11:00 a.m. ET to discuss the earnings report in detail, enhancing engagement with investors.
- Webcast Link Availability: Participants can find the live audio webcast link in the Investors section of the company’s website, indicating Quanex's modernization efforts in information dissemination.
- Market Expansion Plans: Quanex intends to leverage its material science and process engineering expertise to expand into adjacent markets, demonstrating the company's proactive approach to future growth opportunities.
See More
Advanced Drainage Systems Beats Earnings Estimates
- Earnings Surprise: Advanced Drainage Systems reported earnings of $1.07 per share, exceeding the Zacks consensus estimate of $1.00, and up from $1.03 a year ago, indicating sustained improvement in the company's profitability.
- Significant Revenue Growth: The company achieved revenues of $676.76 million for the quarter, surpassing the Zacks consensus estimate by 2.48%, and reflecting a 9.93% increase from $615.76 million year-over-year, showcasing strong market performance.
- Underperformance in Market: Despite the positive earnings report, Advanced Drainage's shares have declined by 5.5% since the beginning of the year, contrasting with the S&P 500's gain of 8.6%, indicating a lack of investor confidence in the stock.
- Cautious Future Outlook: The current Zacks Rank of 3 (Hold) suggests a cautious investor sentiment regarding earnings expectations for the upcoming quarters, particularly as the overall industry rank is in the bottom 40% of the Zacks categories.
See More
Quanex Appoints Chad Collins as President of Hardware Solutions
- Leadership Change: Quanex Building Products Corporation announced that Chad Collins will take over as President of Hardware Solutions on April 6, 2026, succeeding Bob Daniels, who will retire at the end of 2026 after over 35 years with the company, marking a significant leadership transition.
- Extensive Experience: Collins brings over 20 years of global leadership experience from senior roles at companies like OTC Industrial Technologies and Haydon Corporation, where he successfully drove commercial and operational transformations, enhancing profitability and customer experience, which is expected to inject new growth momentum into Quanex.
- Strategic Focus: In his new role, Collins will lead the strategic and operational direction of Hardware Solutions, focusing on growth, innovation, and delivering long-term value for customers and shareholders, indicating the company's commitment to future development.
- Transition Support: Bob Daniels will assist Collins during the leadership transition until the end of May 2026 and will remain engaged with the business throughout the year, ensuring a smooth leadership handover that reflects the company's commitment to its employees and customers.
See More
Angelo Gordon Acquires Shares in Quanex Building Products
- New Investment Disclosure: Angelo Gordon acquired 2,054,770 shares of Quanex Building Products in Q4 2025, totaling $31.60 million, indicating confidence in the building products market.
- Asset Management Proportion: The acquired shares represent approximately 3% of Angelo Gordon's 13F reportable assets, reflecting a strategic positioning within a diversified portfolio aimed at capitalizing on housing market recovery opportunities.
- Financial Performance Analysis: Quanex reported approximately $409.1 million in revenue in its latest earnings report, despite a net loss of $4.1 million and negative $31.5 million in free cash flow, demonstrating its ability to generate substantial cash flow amid uneven housing demand.
- Market Reaction: Since the end of the quarter, Quanex's stock has risen about 15%, while the S&P 500 has declined roughly 1%, indicating that Angelo Gordon's investment strategy has yielded positive results in the current market environment.
See More
Angelo Gordon Initiates Position in Quanex Building Products
- New Position: Angelo Gordon acquired 2,054,770 shares of Quanex Building Products for $31.60 million during Q4 2025, reflecting confidence in the company's growth potential.
- Asset Allocation: This acquisition represents 2.98% of Angelo Gordon's reportable 13F assets, indicating its increasing significance within the investment portfolio.
- Market Performance: As of February 17, 2026, Quanex's stock price stood at $22.11, having declined 4.5% over the past year, yet showing a 15% increase year-to-date, suggesting market recognition of its potential.
- Financial Status: Despite facing high inflation and interest rate pressures, Quanex reported approximately $409.1 million in revenue for the latest quarter, with the CEO emphasizing cost-cutting and debt repayment strategies to navigate current market challenges.
See More
Angelo Gordon Initiates $31.6 Million Position in Quanex Building Products
- New Position: Angelo Gordon acquired 2,054,770 shares of Quanex Building Products during Q4 2025, totaling $31.6 million, indicating confidence in the company's growth potential despite current challenges.
- Holding Proportion: This acquisition represents 2.98% of Angelo Gordon's reportable 13F assets, reflecting a bullish outlook on the building products market, even as the company faces profitability pressures.
- Financial Performance: Quanex reported $409.1 million in revenue for the latest quarter, alongside a $4.1 million net loss and negative $31.5 million in free cash flow, highlighting cash generation amidst uneven housing demand.
- Market Reaction: Since the end of the quarter, Quanex's stock has risen approximately 15%, contrasting with a 1% decline in the S&P 500, suggesting optimistic market sentiment regarding its future performance.
See More
