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

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 1.13%. The ex-dividend date is Monday, December 16th.

Quanex Building Products has a payout ratio of 13.7% indicating that 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 Stock Down 2.4 %

Shares of NX opened at $28.23 on Friday. The business has a fifty day moving average of $29.62 and a 200 day moving average of $29.03. The company has a market cap of $1.33 billion, a PE ratio of 25.23, a P/E/G ratio of 0.91 and a beta of 1.24. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.09. Quanex Building Products has a 52-week low of $24.85 and a 52-week high of $39.31.

Quanex Building Products (NYSE:NX) last released its earnings results on Thursday, December 12th. The construction company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.08. Quanex Building Products had a return on equity of 14.06% and a net margin of 2.59%. During the same quarter in the previous year, the business earned $0.95 EPS. On average, sell-side analysts expect that Quanex Building Products will post 2.26 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NX. StockNews.com lowered shares of Quanex Building Products from a “buy” rating to a “hold” rating in a research report on Saturday. Benchmark reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Quanex Building Products in a research note on Wednesday, September 11th.

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.