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.

Quanex Building Products (NYSE:NX) last issued its quarterly earnings results on Wednesday, September 6th. The construction company reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.01). Quanex Building Products had a return on equity of 7.87% and a net margin of 1.52%. The firm had revenue of $229.40 million for the quarter, compared to the consensus estimate of $235.45 million. During the same period last year, the company posted $0.27 EPS. The business’s revenue was down 7.5% on a year-over-year basis. equities analysts predict that Quanex Building Products will post 0.85 earnings per share for the current year.

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

Dividend History for Quanex Building Products (NYSE:NX)

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