Quanex Building Products (NYSE:NX) Releases Quarterly Earnings Results, Beats Estimates By $0.25 EPS

Quanex Building Products (NYSE:NX) issued its earnings results on Monday. The construction company reported $0.19 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.25, Zacks reports. Quanex Building Products had a return on equity of 11.79% and a net margin of 2.59%.

Quanex Building Products Trading Up 1.5 %

Shares of NYSE NX traded up $0.30 during midday trading on Monday, reaching $20.52. The stock had a trading volume of 808,253 shares, compared to its average volume of 420,491. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 2.24. The company’s 50 day moving average price is $21.95 and its 200 day moving average price is $26.11. Quanex Building Products has a twelve month low of $18.14 and a twelve month high of $39.31. The firm has a market cap of $968.73 million, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 0.68 and a beta of 1.33.

Quanex Building Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Monday, March 17th. Quanex Building Products’s dividend payout ratio is presently 28.57%.

Insider Transactions at Quanex Building Products

In other news, CEO George Laverne Wilson acquired 4,328 shares of Quanex Building Products stock in a transaction on Thursday, December 19th. The stock was purchased at an average price of $23.03 per share, with a total value of $99,673.84. Following the completion of the purchase, the chief executive officer now owns 287,644 shares of the company’s stock, valued at approximately $6,624,441.32. The trade was a 1.53 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.15% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Quanex Building Products from a “hold” rating to a “sell” rating in a research report on Sunday, December 22nd.

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.