Quanex Building Products Corporation (NX) to Distribute Quarterly Dividend of $0.08 on September 30th

Quanex Building Products Corporation (NYSE:NX) announced a quarterly dividend on Thursday, August 27th. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.08 per share by the construction company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a 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. 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 Stock Performance

Quanex Building Products stock opened at $19.45 on Friday. The firm has a market capitalization of $893.34 million, a P/E ratio of -3.45, a P/E/G ratio of 0.85 and a beta of 0.92. The stock has a fifty day moving average price of $18.86 and a two-hundred day moving average price of $18.85. Quanex Building Products has a 52-week low of $11.04 and a 52-week 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.

Quanex Building Products (NYSE:NX) last issued its earnings results on Thursday, June 4th. The construction company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.22 by $0.03. The company had revenue of $462.37 million for the quarter, compared to the consensus estimate of $459.27 million. Quanex Building Products had a negative net margin of 13.85% and a positive return on equity of 11.11%. As a group, analysts anticipate that Quanex Building Products will post 1.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Quanex Building Products

A number of hedge funds have recently added to or reduced their stakes in the stock. Orion Porfolio Solutions LLC raised its stake in shares of Quanex Building Products by 5.6% in the second quarter. Orion Porfolio Solutions LLC now owns 11,517 shares of the construction company’s stock worth $218,000 after acquiring an additional 614 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Quanex Building Products by 4.3% during the second quarter. The Manufacturers Life Insurance Company now owns 18,240 shares of the construction company’s stock worth $345,000 after purchasing an additional 754 shares in the last quarter. Hantz Financial Services Inc. grew its stake in shares of Quanex Building Products by 199.9% during the fourth quarter. Hantz Financial Services Inc. now owns 2,123 shares of the construction company’s stock valued at $33,000 after purchasing an additional 1,415 shares during the last quarter. Comerica Bank grew its stake in shares of Quanex Building Products by 3.6% during the fourth quarter. Comerica Bank now owns 47,375 shares of the construction company’s stock valued at $729,000 after purchasing an additional 1,666 shares during the last quarter. Finally, Danske Bank A S acquired a new stake in shares of Quanex Building Products in the third quarter valued at approximately $26,000. Institutional investors own 97.48% of the company’s stock.

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.