Quanex Building Products Corporation (NX) To Go Ex-Dividend on December 14th
Quanex Building Products Corporation (NYSE:NX) announced a quarterly dividend on Monday, December 4th, RTT News reports. Shareholders of record on Friday, December 15th will be given a dividend of 0.04 per share by the construction company on Friday, December 29th. This represents a $0.16 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Thursday, December 14th.
Quanex Building Products has a dividend payout ratio of 18.8% meaning its dividend is sufficiently covered by earnings.
Quanex Building Products (NYSE NX) traded up $1.30 during mid-day trading on Wednesday, reaching $22.30. 799,400 shares of the company’s stock were exchanged, compared to its average volume of 139,474. The firm has a market cap of $723.32, a P/E ratio of 27.27 and a beta of 0.70. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.93 and a current ratio of 1.79. Quanex Building Products has a 12 month low of $17.45 and a 12 month high of $23.60.
NX has been the subject of a number of recent analyst reports. KeyCorp restated a “hold” rating on shares of Quanex Building Products in a report on Friday, October 27th. Wedbush upgraded shares of Quanex Building Products from a “neutral” rating to an “outperform” rating and cut their price target for the stock from $25.00 to $24.00 in a report on Friday, September 8th. Zacks Investment Research downgraded shares of Quanex Building Products from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. BidaskClub downgraded shares of Quanex Building Products from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Finally, TheStreet upgraded shares of Quanex Building Products from a “c” rating to a “b-” rating in a report on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. Quanex Building Products has an average rating of “Hold” and an average price target of $24.00.
In related news, VP Brent L. Korb sold 17,500 shares of Quanex Building Products stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $21.15, for a total value of $370,125.00. Following the completion of the sale, the vice president now owns 94,679 shares in the company, valued at approximately $2,002,460.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.32% of the stock is currently owned by company insiders.
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Quanex Building Products Company Profile
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