Quanex Building Products Corporation (NX) to Distribute Quarterly Dividend of $0.08 on September 30th

Quanex Building Products Corporation (NYSE:NX) announced a quarterly dividend on Thursday, August 27th. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.08 per share by the construction company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 15th.

Quanex Building Products has a dividend payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Quanex Building Products to earn $2.05 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 15.6%.

Quanex Building Products Stock Up 2.7%

Quanex Building Products stock opened at $21.66 on Friday. The firm has a market cap of $992.82 million, a price-to-earnings ratio of 21.88, a PEG ratio of 0.85 and a beta of 0.94. The company has a current ratio of 2.23, a quick ratio of 1.21 and a debt-to-equity ratio of 0.85. Quanex Building Products has a 12 month low of $11.04 and a 12 month high of $23.33. The stock has a fifty day simple moving average of $19.49 and a two-hundred day simple moving average of $18.76.

Quanex Building Products (NYSE:NX) last announced its quarterly earnings data on Thursday, September 3rd. The construction company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.13. Quanex Building Products had a return on equity of 11.61% and a net margin of 2.43%.The company had revenue of $501.85 million during the quarter, compared to the consensus estimate of $497.51 million. During the same period in the previous year, the company posted ($6.04) EPS. Equities analysts predict that Quanex Building Products will post 1.82 EPS for the current fiscal year.

Hedge Funds Weigh In On Quanex Building Products

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of Quanex Building Products in the second quarter worth about $136,089,000. Ameriprise Financial Inc. lifted its holdings in Quanex Building Products by 7.9% in the second quarter. Ameriprise Financial Inc. now owns 2,275,870 shares of the construction company’s stock valued at $43,013,000 after acquiring an additional 166,518 shares during the period. Systematic Financial Management LP boosted its position in Quanex Building Products by 10.3% in the 4th quarter. Systematic Financial Management LP now owns 1,773,756 shares of the construction company’s stock worth $27,280,000 after purchasing an additional 165,424 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Quanex Building Products by 36.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,741,613 shares of the construction company’s stock worth $31,296,000 after purchasing an additional 462,992 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Quanex Building Products by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,099,557 shares of the construction company’s stock worth $16,914,000 after purchasing an additional 4,976 shares during the period. Hedge funds and other institutional investors own 97.48% of the company’s stock.

About Quanex Building Products

Quanex Building Products Corporation (NYSE:NX) manufactures components and systems used in the fenestration and cabinet industries. Its products are incorporated into residential and commercial windows, doors, and related building products rather than typically sold directly to consumers.

The company’s product portfolio includes insulating glass components, window and door screens, vinyl profiles, hardware, sealing and weatherstripping products, and other engineered components used by window and door manufacturers.