Quanex Building Products Corporation (NYSE:NX – Get Free Report) announced a quarterly dividend on Thursday, May 28th. Shareholders 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) annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, June 15th.
Quanex Building Products has a payout ratio of 11.1% indicating that its dividend is sufficiently covered by earnings. Equities 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
Shares of NX opened at $18.61 on Friday. The firm has a market cap of $854.97 million, a PE ratio of -3.54, a PEG ratio of 0.83 and a beta of 0.95. The stock’s fifty day moving average price is $18.74 and its two-hundred day moving average price is $17.62. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.31 and a quick ratio of 1.21. Quanex Building Products has a 1 year low of $11.04 and a 1 year high of $22.98.
Wall Street Analyst Weigh In
NX has been the topic of several research reports. Wall Street Zen lowered Quanex Building Products from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Zacks Research lowered Quanex Building Products from a “hold” rating to a “strong sell” rating in a research note on Monday, April 20th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Quanex Building Products in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat, Quanex Building Products presently has a consensus rating of “Reduce” and a consensus price target of $28.00.
Check Out Our Latest Stock Analysis on NX
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.
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