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

Quanex Building Products Corporation (NYSE:NX) declared a quarterly dividend on Thursday, August 27th. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.08 per share by the construction company on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 15th.

Quanex Building Products has a payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

NYSE NX opened at $19.73 on Friday. The stock has a market capitalization of $906.11 million, a price-to-earnings ratio of -3.50, a PEG ratio of 0.85 and a beta of 0.92. Quanex Building Products has a 1-year low of $11.04 and a 1-year high of $22.98. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.28 and a quick ratio of 1.23. The business’s fifty day moving average price is $18.81 and its 200-day moving average price is $18.85.

Quanex Building Products (NYSE:NX) last issued its quarterly earnings data on Thursday, June 4th. The construction company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.22 by $0.03. Quanex Building Products had a positive return on equity of 11.11% and a negative net margin of 13.85%.The company had revenue of $462.37 million during the quarter, compared to analyst estimates of $459.27 million. On average, equities analysts predict that Quanex Building Products will post 1.66 earnings per share for the current year.

Institutional Investors Weigh In On Quanex Building Products

A number of hedge funds have recently modified their holdings of NX. Western Standard LLC purchased a new position in Quanex Building Products during the fourth quarter valued at $4,219,000. GSA Capital Partners LLP grew its holdings in Quanex Building Products by 81.1% during the fourth quarter. GSA Capital Partners LLP now owns 96,079 shares of the construction company’s stock valued at $1,478,000 after purchasing an additional 43,018 shares during the period. Principal Financial Group Inc. increased its position in Quanex Building Products by 41.7% in the first quarter. Principal Financial Group Inc. now owns 308,194 shares of the construction company’s stock worth $5,538,000 after buying an additional 90,765 shares in the last quarter. Sei Investments Co. increased its position in Quanex Building Products by 77.7% in the first quarter. Sei Investments Co. now owns 390,870 shares of the construction company’s stock worth $7,024,000 after buying an additional 170,892 shares in the last quarter. Finally, Systematic Financial Management LP increased its position in Quanex Building Products by 10.3% in the fourth quarter. Systematic Financial Management LP now owns 1,773,756 shares of the construction company’s stock worth $27,280,000 after buying an additional 165,424 shares in the last quarter. Institutional investors own 97.48% of the company’s stock.

About Quanex Building Products

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.