Quanex Building Products Corporation (NX) To Go Ex-Dividend on March 17th

Quanex Building Products Corporation (NYSE:NX) announced a quarterly dividend on Thursday, February 26th. Stockholders of record on Tuesday, March 17th will be paid a dividend of 0.08 per share by the construction company on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Tuesday, March 17th.

Quanex Building Products has a dividend payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. 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 1.0%

Shares of NYSE:NX opened at $16.88 on Friday. The firm has a market cap of $775.32 million, a price-to-earnings ratio of -3.21, a PEG ratio of 0.61 and a beta of 0.91. Quanex Building Products has a 12 month low of $11.04 and a 12 month high of $22.98. The company’s fifty day simple moving average is $19.38 and its 200 day simple moving average is $16.40. The company has a quick ratio of 1.21, a current ratio of 2.31 and a debt-to-equity ratio of 0.93.

Quanex Building Products (NYSE:NX) last announced its earnings results on Thursday, March 5th. The construction company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. The firm had revenue of $409.09 million during the quarter, compared to analyst estimates of $405.75 million. Quanex Building Products had a negative net margin of 13.00% and a positive return on equity of 12.24%. As a group, research analysts forecast that Quanex Building Products will post 2.18 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Teleios Capital Partners Gmbh sold 119,485 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $15.94, for a total transaction of $1,904,590.90. Following the completion of the transaction, the insider directly owned 4,421,879 shares in the company, valued at $70,484,751.26. This represents a 2.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.92% of the stock is owned by company insiders.

Institutional Trading of Quanex Building Products

Several institutional investors and hedge funds have recently bought and sold shares of NX. Danske Bank A S bought a new position in Quanex Building Products in the third quarter valued at approximately $26,000. Hantz Financial Services Inc. increased its position in shares of Quanex Building Products by 199.9% during 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 during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Quanex Building Products during the 4th quarter worth approximately $35,000. Allworth Financial LP boosted its holdings in shares of Quanex Building Products by 17,191.7% in the 2nd quarter. Allworth Financial LP now owns 2,075 shares of the construction company’s stock valued at $39,000 after buying an additional 2,063 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Quanex Building Products in the 4th quarter valued at approximately $42,000. 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.