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

Quanex Building Products Corporation (NYSE:NX) announced a quarterly dividend on Thursday, May 28th. Stockholders of record on Monday, June 15th will be paid 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 1.9%. The ex-dividend date is Monday, June 15th.

Quanex Building Products has a dividend payout ratio of 11.1% indicating that 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

Shares of Quanex Building Products stock opened at $17.01 on Friday. Quanex Building Products has a 52-week low of $11.04 and a 52-week high of $22.98. The stock has a market capitalization of $781.36 million, a price-to-earnings ratio of -3.02, a price-to-earnings-growth ratio of 0.73 and a beta of 0.91. The company has a fifty day moving average of $18.67 and a 200-day moving average of $17.95. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.23 and a current ratio of 2.28.

Quanex Building Products (NYSE:NX) last announced its quarterly earnings data on Thursday, June 4th. The construction company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. The company had revenue of $462.37 million during the quarter, compared to analysts’ expectations of $459.28 million. Quanex Building Products had a negative net margin of 13.85% and a positive return on equity of 11.11%. Equities research analysts expect that Quanex Building Products will post 1.66 EPS for the current year.

Institutional Investors Weigh In On Quanex Building Products

Several institutional investors have recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC raised its holdings in Quanex Building Products by 5.6% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 11,517 shares of the construction company’s stock worth $218,000 after purchasing an additional 614 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Quanex Building Products by 4.3% in the 2nd 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. raised its holdings in Quanex Building Products by 199.9% in the 4th quarter. Hantz Financial Services Inc. now owns 2,123 shares of the construction company’s stock worth $33,000 after purchasing an additional 1,415 shares in the last quarter. Comerica Bank raised its holdings in Quanex Building Products by 3.6% in the 4th quarter. Comerica Bank now owns 47,375 shares of the construction company’s stock worth $729,000 after purchasing an additional 1,666 shares in the last quarter. Finally, Danske Bank A S bought a new position in Quanex Building Products in the 3rd quarter worth $26,000. Hedge funds and other 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.