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 paid 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 13.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

NYSE NX opened at $29.20 on Friday. The company has a market cap of $1.38 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 0.93 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. The firm’s 50-day simple moving average is $29.45 and its two-hundred day simple moving average is $29.16. 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 announced its quarterly 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. The firm had revenue of $280.35 million for the quarter, compared to the consensus estimate of $278.00 million. Quanex Building Products had a net margin of 6.88% and a return on equity of 14.68%. During the same period in the prior year, the firm posted $0.97 earnings per share. Research analysts predict that Quanex Building Products will post 2.1 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Benchmark reiterated a “buy” rating and issued a $38.00 target price on shares of Quanex Building Products in a research report on Wednesday, September 11th. StockNews.com raised Quanex Building Products from a “hold” rating to a “buy” rating in a research note 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.