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

Quanex Building Products (NYSE:NX) posted its earnings results on Monday. The construction company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 Stock Up 1.5 %

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

Quanex Building Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.56%. Quanex Building Products’s dividend payout ratio (DPR) is presently 28.57%.

Insider Buying and Selling

In related news, CEO George Laverne Wilson acquired 4,328 shares of the firm’s stock in a transaction on Thursday, December 19th. The shares were purchased at an average cost of $23.03 per share, for a total transaction of $99,673.84. Following the completion of the acquisition, the chief executive officer now directly owns 287,644 shares in the company, valued at approximately $6,624,441.32. This trade represents a 1.53 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.15% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Quanex Building Products from a “hold” rating to a “sell” rating in a 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.