Quanex Building Products Co. (NYSE:NX) declared a dividend on Thursday, September 6th, Fidelity reports. Shareholders of record on Friday, September 14th will be given a dividend of 0.08 per share by the construction company on Friday, September 28th. The ex-dividend date of this dividend is Thursday, September 13th.

Quanex Building Products has increased its dividend payment by an average of 10.1% per year over the last three years. Quanex Building Products has a payout ratio of 18.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Quanex Building Products to earn $0.97 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 16.5%.

Shares of NYSE:NX traded up $3.10 during midday trading on Friday, reaching $19.45. The company’s stock had a trading volume of 1,232,060 shares, compared to its average volume of 147,124. The company has a market cap of $573.25 million, a P/E ratio of 25.26 and a beta of 0.68. The company has a quick ratio of 0.98, a current ratio of 1.93 and a debt-to-equity ratio of 0.50. Quanex Building Products has a 1 year low of $16.00 and a 1 year high of $24.60.

Quanex Building Products (NYSE:NX) last announced its quarterly earnings data on Thursday, September 6th. The construction company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. The business had revenue of $239.82 million during the quarter, compared to the consensus estimate of $237.92 million. Quanex Building Products had a return on equity of 6.70% and a net margin of 3.48%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 earnings per share. sell-side analysts expect that Quanex Building Products will post 0.83 earnings per share for the current fiscal year.

In related news, CFO Brent L. Korb sold 11,502 shares of the business’s stock in a transaction dated Monday, July 30th. The stock was sold at an average price of $17.26, for a total value of $198,524.52. Following the transaction, the chief financial officer now owns 114,307 shares in the company, valued at $1,972,938.82. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Brent L. Korb sold 100,000 shares of the business’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $17.35, for a total value of $1,735,000.00. Following the completion of the transaction, the vice president now owns 114,307 shares in the company, valued at approximately $1,983,226.45. The disclosure for this sale can be found here. Insiders own 5.32% of the company’s stock.

A number of brokerages have recently commented on NX. Zacks Investment Research raised Quanex Building Products from a “strong sell” rating to a “hold” rating in a research report on Saturday. ValuEngine raised Quanex Building Products from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Sidoti downgraded Quanex Building Products from a “buy” rating to a “neutral” rating in a research report on Friday, June 8th. Five investment analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of $22.50.

Quanex Building Products Company Profile

Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry worldwide. It operates through three segments: North American Engineered Components, European Engineered Components, and North American Cabinet Components. The company offers flexible insulating glass spacers; extruded vinyl profiles; window and door screens; cabinet doors and other components for original equipment manufacturers (OEMs) in the kitchen and bathroom cabinet industry; and precision-formed metal and wood products, as well as solar panel sealants, trim moldings, vinyl decking and fencing products, water retention barriers, and conservatory roof components.

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Dividend History for Quanex Building Products (NYSE:NX)

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