Quanex Building Products Corporation (NYSE:NX) Plans Quarterly Dividend of $0.08

Quanex Building Products Corporation (NYSE:NX) declared a quarterly dividend on Thursday, May 28th. Investors of record on Monday, June 15th will be given a dividend of 0.08 per share by the construction company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, June 15th.

Quanex Building Products has a payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Quanex Building Products to earn $2.25 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 Stock Performance

NYSE:NX opened at $18.83 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.21 and a current ratio of 2.31. The stock has a market capitalization of $864.77 million, a P/E ratio of -3.58, a PEG ratio of 0.83 and a beta of 0.95. The company has a 50 day moving average price of $18.71 and a 200 day moving average price of $17.62. Quanex Building Products has a fifty-two week low of $11.04 and a fifty-two week high of $22.98.

Quanex Building Products (NYSE:NX) last posted its quarterly earnings data on Thursday, March 5th. The construction company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. The firm had revenue of $409.09 million during the quarter, compared to analysts’ expectations of $405.75 million. Quanex Building Products had a negative net margin of 13.00% and a positive return on equity of 12.24%. Equities research analysts forecast that Quanex Building Products will post 1.63 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on NX. Weiss Ratings reissued a “sell (d)” rating on shares of Quanex Building Products in a research report on Tuesday, April 21st. Zacks Research lowered Quanex Building Products from a “hold” rating to a “strong sell” rating in a research report on Monday, April 20th. Finally, Wall Street Zen lowered Quanex Building Products from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $28.00.

Quanex Building Products Company Profile

Quanex Building Products Corporation engages in the design, manufacture and distribution of components for the window, door and building products industries in North America. The company operates through two primary segments: Window Products and Door & Building Products. Its Window Products segment supplies vinyl window profiles and related accessories, while its Door & Building Products segment offers engineered door skins, panels, siding products, specialty moldings and other exterior building components.

Within its Window Products segment, Quanex produces extrusion profiles used by window fabricators to assemble vinyl casement, double-hung, slider and picture windows.