Quanex Building Products Corporation (NX) to Issue Quarterly Dividend of $0.04
Quanex Building Products Corporation (NYSE:NX) declared a quarterly dividend on Monday, December 4th, RTT News reports. Shareholders of record on Friday, December 15th will be paid a dividend of 0.04 per share by the construction company on Friday, December 29th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.74%.
Quanex Building Products has a dividend payout ratio of 18.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Quanex Building Products to earn $0.85 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 18.8%.
Shares of Quanex Building Products (NX) traded down $0.30 during trading on Monday, hitting $21.65. 60,770 shares of the stock were exchanged, compared to its average volume of 136,164. Quanex Building Products has a 12 month low of $17.45 and a 12 month high of $23.60. 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 company has a market cap of $752.59, a P/E ratio of 25.82 and a beta of 0.70.
In related news, VP Brent L. Korb sold 17,500 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 94,679 shares of the company’s stock, valued at approximately $2,002,460.85. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.32% of the stock is owned by corporate insiders.
A number of analysts have recently weighed in on the stock. TheStreet raised shares of Quanex Building Products from a “c” rating to a “b-” rating in a report on Wednesday, September 6th. Zacks Investment Research raised shares of Quanex Building Products from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Sidoti assumed coverage on shares of Quanex Building Products in a report on Monday, August 7th. They set a “buy” rating for the company. BidaskClub downgraded shares of Quanex Building Products from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Quanex Building Products in a report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $24.00.
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Quanex Building Products Company Profile
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