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

Quanex Building Products Co. (NYSE:NX) announced a quarterly dividend on Friday, December 6th,RTT News reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.08 per share by the construction company on Tuesday, December 31st. This represents a $0.32 annualized dividend and a dividend yield of 1.10%.

Quanex Building Products has a dividend payout ratio of 13.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Quanex Building Products to earn $2.26 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 14.2%.

Quanex Building Products Trading Up 0.1 %

NYSE NX traded up $0.04 during mid-day trading on Friday, reaching $29.20. 225,963 shares of the stock were exchanged, compared to its average volume of 351,488. Quanex Building Products has a 1-year low of $24.85 and a 1-year high of $39.31. The business’s fifty day simple moving average is $29.42 and its 200 day simple moving average is $29.18. The stock has a market capitalization of $1.38 billion, a PE ratio of 12.92, a PEG ratio of 0.93 and a beta of 1.24. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.58 and a current ratio of 2.36.

Quanex Building Products (NYSE:NX) last announced its earnings results on Thursday, September 5th. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. Quanex Building Products had a net margin of 6.88% and a return on equity of 14.68%. The firm had revenue of $280.35 million for the quarter, compared to analyst estimates of $278.00 million. During the same quarter last year, the business earned $0.97 earnings per share. On average, research analysts anticipate that Quanex Building Products will post 2.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NX. Benchmark reiterated a “buy” rating and issued a $38.00 price target on shares of Quanex Building Products in a report on Wednesday, September 11th. StockNews.com upgraded shares of Quanex Building Products from a “hold” rating to a “buy” rating in a report on Friday.

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.