Quanex Building Products Co. (NX) Announces Quarterly Dividend of $0.04

Quanex Building Products (NYSE:NX) announced a quarterly dividend on Friday, June 7th, Analyst Ratings.Net reports. Shareholders of record on Monday, June 17th will be paid a dividend of $0.04 per share on Friday, June 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.87%.

A number of analysts have recently weighed in on NX shares. Analysts at Zacks upgraded shares of Quanex Building Products from an “underperform” rating to a “neutral” rating in a research note to investors on Monday. They now have a $19.00 price target on the stock. Analysts at Imperial Capital upgraded shares of Quanex Building Products from an “in” rating to an “outperform” rating in a research note to investors on Monday, April 1st. They now have a $21.00 price target on the stock.

Quanex Building Products (NYSE: NX) opened at 18.67 on Friday. Quanex Building Products has a 52-week low of $15.37 and a 52-week high of $22.27. The stock’s 50-day moving average is currently $17.46. The company’s market cap is $687.8 million.

Quanex Building Products (NYSE: NX) last issued its quarterly earnings data on Friday, June 7th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by $0.12. The company had revenue of $232.50 million for the quarter, compared to the consensus estimate of $225.42 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. Analysts expect that Quanex Building Products will post $0.09 EPS for the current fiscal year.

Quanex Building Products Corporation (NYSE: NX) has two operating business segments: Engineered Products and Aluminum Sheet Products.

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