Quanex Building Products Co. (NYSE:NX) to Issue $0.08 Quarterly Dividend

Quanex Building Products Co. (NYSE:NX) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Stockholders 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 dividend yield of 1.63%.

Quanex Building Products has a dividend payout ratio of 11.3% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

NX opened at $19.59 on Friday. Quanex Building Products has a twelve month low of $19.54 and a twelve month high of $39.31. The firm has a market capitalization of $924.64 million, a PE ratio of 17.49, a PEG ratio of 0.68 and a beta of 1.28. 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 firm’s 50-day moving average price is $22.63 and its 200 day moving average price is $26.45.

Quanex Building Products (NYSE:NX) last released its quarterly earnings data 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 last year, the company earned $0.95 EPS. As a group, sell-side analysts expect that Quanex Building Products will post 2.18 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO George Laverne Wilson bought 4,328 shares of the firm’s 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 completion of the transaction, 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.15% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

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.