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

Quanex Building Products Co. (NYSE:NX - Get Free Report) 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 1.69%. The ex-dividend date of this dividend is Monday, March 17th.

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

Shares of NYSE:NX traded down $0.41 during midday trading on Monday, reaching $18.88. The company's stock had a trading volume of 667,036 shares, compared to its average volume of 425,098. The firm has a market capitalization of $891.31 million, a PE ratio of 16.86, a P/E/G ratio of 0.68 and a beta of 1.28. Quanex Building Products has a twelve month low of $18.77 and a twelve month high of $39.31. The stock has a fifty day moving average of $22.39 and a 200 day moving average of $26.34. The company has a quick ratio of 1.23, a current ratio of 2.24 and a debt-to-equity ratio of 0.73.

Quanex Building Products (NYSE:NX - Get Free Report) last announced its quarterly earnings results on Thursday, December 12th. The construction company reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.08. Quanex Building Products had a net margin of 2.59% and a return on equity of 11.79%. During the same quarter in the prior year, the firm earned $0.95 EPS. On average, equities analysts expect that Quanex Building Products will post 2.18 EPS for the current fiscal year.

Remove Ads

Insider Buying and Selling

In related news, CEO George Laverne Wilson acquired 4,328 shares of the firm's stock in a transaction on Thursday, December 19th. The shares were acquired at an average cost of $23.03 per share, with a total value of $99,673.84. Following the completion of the acquisition, the chief executive officer now directly owns 287,644 shares in the company, valued at approximately $6,624,441.32. This trade represents a 1.53 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.15% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Quanex Building Products from a "hold" rating to a "sell" rating in a report 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.