Quanex Building Products (NYSE:NX) Issues Quarterly Earnings Results, Beats Estimates By $0.25 EPS

Quanex Building Products (NYSE:NX) released its earnings results on Monday. The construction company reported $0.19 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.25, Zacks reports. Quanex Building Products had a return on equity of 11.79% and a net margin of 2.59%.

Quanex Building Products Stock Performance

NX stock traded up $0.30 during trading on Monday, hitting $20.52. 808,253 shares of the company traded hands, compared to its average volume of 420,496. The stock’s 50-day simple moving average is $21.95 and its 200 day simple moving average is $26.11. The company has a market cap of $968.73 million, a PE ratio of 18.32, a P/E/G ratio of 0.68 and a beta of 1.33. Quanex Building Products has a 1 year low of $18.14 and a 1 year high of $39.31. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.24 and a quick ratio of 1.23.

Quanex Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, March 17th. This represents a $0.32 annualized dividend and a dividend yield of 1.56%. Quanex Building Products’s dividend payout ratio (DPR) is presently 28.57%.

Analyst Upgrades and Downgrades

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

Insider Activity

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

About Quanex Building Products

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.