Quanex Building Products Co. (NX) to Issue Quarterly Dividend of $0.08 on March 31st

Quanex Building Products Co. (NYSE:NX) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Shareholders 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 yield of 1.66%. The ex-dividend date is Monday, March 17th.

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

Quanex Building Products stock opened at $19.28 on Friday. Quanex Building Products has a one year low of $18.99 and a one year high of $39.31. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 2.24. The business has a fifty day moving average of $22.51 and a two-hundred day moving average of $26.40. The company has a market cap of $909.95 million, a P/E ratio of 17.21, a price-to-earnings-growth ratio of 0.68 and a beta of 1.28.

Quanex Building Products (NYSE:NX) last released its quarterly earnings results on Thursday, December 12th. The construction company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the prior year, the firm posted $0.95 earnings per share. As a group, analysts predict that Quanex Building Products will post 2.18 earnings per share for the current fiscal year.

Insider Activity at Quanex Building Products

In other news, CEO George Laverne Wilson bought 4,328 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was purchased 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 owns 287,644 shares of the company’s stock, valued at $6,624,441.32. This trade represents a 1.53 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 2.15% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Quanex Building Products Company Profile

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.