Quanex Building Products (NYSE:NX) posted its earnings results on Monday. The construction company reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.08, Bloomberg Earnings reports. Quanex Building Products had a net margin of 1.52% and a return on equity of 7.87%. The firm had revenue of $233.00 million for the quarter, compared to analysts’ expectations of $232.47 million. During the same quarter last year, the firm earned $0.45 EPS. The company’s quarterly revenue was down 6.5% compared to the same quarter last year.

Quanex Building Products (NX) traded up $0.10 during trading on Monday, reaching $21.00. 233,837 shares of the company were exchanged, compared to its average volume of 136,702. Quanex Building Products has a fifty-two week low of $17.45 and a fifty-two week high of $23.60. The stock has a market cap of $719.87, a price-to-earnings ratio of 24.59 and a beta of 0.70. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.79 and a quick ratio of 0.93.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.16 dividend on an annualized basis and a yield of 0.76%. Quanex Building Products’s dividend payout ratio is 42.11%.

In related news, VP Brent L. Korb sold 17,500 shares of Quanex Building Products 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 directly owns 94,679 shares in the company, valued at approximately $2,002,460.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.32% of the stock is currently owned by insiders.

Several equities research analysts have recently issued reports on the stock. TheStreet upgraded shares of Quanex Building Products from a “c” rating to a “b-” rating in a research note on Wednesday, September 6th. BidaskClub lowered shares of Quanex Building Products from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Zacks Investment Research upgraded shares of Quanex Building Products from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 9th. KeyCorp restated a “hold” rating on shares of Quanex Building Products in a research note on Friday, September 22nd. Finally, Wedbush upgraded shares of Quanex Building Products from a “neutral” rating to an “outperform” rating and decreased their price target for the stock from $25.00 to $24.00 in a research note on Friday, September 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Quanex Building Products presently has a consensus rating of “Hold” and an average price target of $24.00.

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Quanex Building Products Company Profile

Earnings History for Quanex Building Products (NYSE:NX)

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