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

Quanex Building Products Co. (NYSE:NX) announced a quarterly dividend on Friday, August 30th, Wall Street Journal reports. Shareholders of record on Monday, September 16th will be paid a dividend of 0.08 per share by the construction company on Monday, September 30th. This represents a $0.32 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Monday, September 16th.

Quanex Building Products has a dividend payout ratio of 12.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Quanex Building Products to earn $2.93 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 10.9%.

Quanex Building Products Stock Up 2.3 %

NYSE NX opened at $27.53 on Friday. The company has a market capitalization of $1.30 billion, a P/E ratio of 11.28, a PEG ratio of 0.89 and a beta of 1.27. Quanex Building Products has a 12 month low of $24.85 and a 12 month high of $39.31. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.36 and a quick ratio of 1.58. The company’s 50 day simple moving average is $28.67 and its 200 day simple moving average is $31.81.

Quanex Building Products (NYSE:NX) last announced its earnings results on Thursday, September 5th. The construction company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.70 by $0.03. The business had revenue of $280.35 million during the quarter, compared to the consensus estimate of $278.00 million. Quanex Building Products had a return on equity of 14.68% and a net margin of 6.88%. During the same period in the prior year, the business posted $0.97 earnings per share. Equities research analysts expect that Quanex Building Products will post 2.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on NX. Benchmark reissued a “buy” rating and issued a $38.00 price objective on shares of Quanex Building Products in a research note on Wednesday. StockNews.com cut shares of Quanex Building Products from a “buy” rating to a “hold” rating in a report on Tuesday.

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.