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

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

Quanex Building Products has a dividend payout ratio of 12.0% indicating that its dividend is sufficiently covered by earnings. 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 Trading Up 2.3 %

Shares of NX stock traded up $0.61 during mid-day trading on Friday, hitting $27.52. 480,142 shares of the company’s stock were exchanged, compared to its average volume of 772,559. Quanex Building Products has a fifty-two week low of $24.85 and a fifty-two week high of $39.31. The stock has a 50-day simple moving average of $28.67 and a two-hundred day simple moving average of $31.81. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 0.89 and a beta of 1.27.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. StockNews.com cut Quanex Building Products from a “buy” rating to a “hold” rating in a report on Tuesday. Benchmark reiterated a “buy” rating and issued a $38.00 target price on shares of Quanex Building Products in a report on Wednesday.

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.