Quanex Building Products Co. (NYSE:NX) Announces Quarterly Dividend of $0.08

Quanex Building Products Co. (NYSE:NX) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Investors of record on Monday, March 17th will be given a dividend of 0.08 per share by the construction company on Monday, March 31st. This represents a $0.32 dividend on an annualized basis and a yield of 1.63%.

Quanex Building Products has a payout ratio of 11.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Quanex Building Products to earn $2.64 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 12.1%.

Quanex Building Products Trading Down 2.6 %

Shares of NYSE:NX traded down $0.52 during midday trading on Thursday, hitting $19.59. The company had a trading volume of 484,024 shares, compared to its average volume of 414,343. The firm has a fifty day simple moving average of $22.70 and a 200 day simple moving average of $26.50. The company has a current ratio of 2.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. The stock has a market cap of $924.64 million, a price-to-earnings ratio of 17.49, a PEG ratio of 0.68 and a beta of 1.28. Quanex Building Products has a 12 month low of $19.54 and a 12 month high of $39.31.

Quanex Building Products (NYSE:NX) last announced its quarterly earnings results on Thursday, December 12th. The construction company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.08. Quanex Building Products had a return on equity of 11.79% and a net margin of 2.59%. During the same quarter in the prior year, the firm earned $0.95 EPS. On average, analysts predict that Quanex Building Products will post 2.18 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Quanex Building Products from a “hold” rating to a “sell” rating in a research report on Sunday, December 22nd.

Insider Activity

In related news, CEO George Laverne Wilson bought 4,328 shares of Quanex Building Products stock in a transaction on Thursday, December 19th. The stock was acquired at an average price of $23.03 per share, with a total value of $99,673.84. Following the acquisition, the chief executive officer now directly owns 287,644 shares of the company’s stock, valued at $6,624,441.32. This represents a 1.53 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.15% of the company’s stock.

Quanex Building Products Company Profile

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.