Quanex Building Products Co. (NYSE:NX) Announces Quarterly Dividend of $0.08

Quanex Building Products Co. (NYSE:NX - Get Free Report) 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 1.87%. The ex-dividend date is Monday, June 16th.

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

NX traded up $0.80 during trading on Tuesday, reaching $17.10. 531,396 shares of the company traded hands, compared to its average volume of 499,633. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 2.24. Quanex Building Products has a 12-month low of $15.30 and a 12-month high of $34.97. The firm has a fifty day simple moving average of $17.36 and a 200 day simple moving average of $21.44. The company has a market cap of $807.37 million, a P/E ratio of 15.27, a PEG ratio of 0.68 and a beta of 1.01.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. grew its holdings in shares of Quanex Building Products by 25.4% in the first quarter. Goldman Sachs Group Inc. now owns 246,666 shares of the construction company's stock valued at $4,586,000 after purchasing an additional 49,895 shares in the last quarter. Jane Street Group LLC lifted its position in Quanex Building Products by 887.4% in the first quarter. Jane Street Group LLC now owns 84,957 shares of the construction company's stock worth $1,579,000 after buying an additional 76,353 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Quanex Building Products by 9.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,051 shares of the construction company's stock worth $521,000 after buying an additional 2,347 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in Quanex Building Products by 22.6% in the first quarter. Royal Bank of Canada now owns 25,578 shares of the construction company's stock worth $476,000 after buying an additional 4,720 shares during the last quarter. 97.48% of the stock is owned by hedge funds and other institutional investors.

Quanex Building Products Company Profile

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.