Quanex Building Products Co. (NX) To Go Ex-Dividend on June 16th

Quanex Building Products Co. (NYSE:NX) announced a quarterly dividend on Friday, May 30th, RTT News reports. Investors of record on Monday, June 16th will be given a dividend of 0.08 per share by the construction company on Monday, June 30th. This represents a $0.32 annualized dividend and a yield of 1.66%. The ex-dividend date is Monday, June 16th.

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 $2.64 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 12.1%.

Quanex Building Products Trading Down 3.1%

NX opened at $19.31 on Friday. Quanex Building Products has a fifty-two week low of $15.30 and a fifty-two week high of $34.97. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.24 and a quick ratio of 1.23. The firm has a market capitalization of $887.74 million, a price-to-earnings ratio of 17.24, a PEG ratio of 0.68 and a beta of 1.01. The company’s 50 day moving average price is $17.49 and its two-hundred day moving average price is $20.84.

Quanex Building Products (NYSE:NX) last posted its earnings results on Thursday, June 5th. The construction company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.12. Quanex Building Products had a net margin of 2.59% and a return on equity of 11.79%. The firm had revenue of $452.48 million for the quarter, compared to analyst estimates of $440.05 million. As a group, research analysts predict that Quanex Building Products will post 2.18 earnings per share for the current year.

Institutional Investors Weigh In On Quanex Building Products

A number of institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC lifted its position in shares of Quanex Building Products by 887.4% in the 1st quarter. Jane Street Group LLC now owns 84,957 shares of the construction company’s stock worth $1,579,000 after purchasing an additional 76,353 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Quanex Building Products by 25.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 246,666 shares of the construction company’s stock worth $4,586,000 after purchasing an additional 49,895 shares during the period. Royal Bank of Canada lifted its position in shares of Quanex Building Products by 22.6% in the 1st quarter. Royal Bank of Canada now owns 25,578 shares of the construction company’s stock worth $476,000 after purchasing an additional 4,720 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Quanex Building Products by 9.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,051 shares of the construction company’s stock worth $521,000 after purchasing an additional 2,347 shares during the period. 97.48% of the stock is owned by institutional investors.

About Quanex Building Products

Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry in the United States, rest of Europe, Canada, Asia, the United Kingdom, and internationally. The company operates through three segments: North American Fenestration, European Fenestration, and North American Cabinet Components.