Quanex Building Products Corporation (NYSE:NX) announced a quarterly dividend on Monday, December 4th, RTT News reports. Stockholders of record on Friday, December 15th will be given a dividend of 0.04 per share by the construction company on Friday, December 29th. This represents a $0.16 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Thursday, December 14th.
Quanex Building Products has a payout ratio of 18.8% indicating that its dividend is sufficiently covered by earnings.
Quanex Building Products (NX) traded up $1.45 during trading on Wednesday, hitting $23.75. 385,841 shares of the stock traded hands, compared to its average volume of 140,501. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.93 and a current ratio of 1.79. The stock has a market cap of $723.32, a PE ratio of 27.27 and a beta of 0.70. Quanex Building Products has a twelve month low of $17.45 and a twelve month high of $23.85.
Quanex Building Products (NYSE:NX) last posted its quarterly earnings data on Monday, December 11th. The construction company reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.08. The firm had revenue of $233.00 million during the quarter, compared to analysts’ expectations of $232.47 million. Quanex Building Products had a net margin of 2.16% and a return on equity of 7.14%. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the company posted $0.45 EPS. research analysts forecast that Quanex Building Products will post 0.72 earnings per share for the current year.
Several equities analysts have commented on NX shares. Zacks Investment Research cut shares of Quanex Building Products from a “hold” rating to a “sell” rating in a research report on Wednesday. KeyCorp reissued a “hold” rating on shares of Quanex Building Products in a research report on Friday, October 27th. TheStreet raised shares of Quanex Building Products from a “c” rating to a “b-” rating in a research report on Wednesday, September 6th. Wedbush raised shares of Quanex Building Products from a “neutral” rating to an “outperform” rating and decreased their price target for the company from $25.00 to $24.00 in a research report on Friday, September 8th. Finally, BidaskClub cut shares of Quanex Building Products from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. Quanex Building Products presently has an average rating of “Hold” and a consensus target price of $24.00.
In other news, VP Brent L. Korb sold 17,500 shares of the firm’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $21.15, for a total value of $370,125.00. Following the sale, the vice president now directly owns 94,679 shares in the company, valued at approximately $2,002,460.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.32% of the stock is currently owned by company insiders.
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Quanex Building Products Company Profile
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