Apogee Enterprises Inc (NASDAQ:APOG) has received an average recommendation of “Hold” from the seven ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $43.50.
Several equities analysts have recently issued reports on APOG shares. Craig Hallum raised their price target on shares of Apogee Enterprises from $46.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, June 28th. TheStreet cut shares of Apogee Enterprises from a “b-” rating to a “c+” rating in a research report on Tuesday, August 27th. ValuEngine upgraded shares of Apogee Enterprises from a “sell” rating to a “hold” rating in a research report on Tuesday, September 17th. Finally, BidaskClub cut shares of Apogee Enterprises from a “hold” rating to a “sell” rating in a research report on Friday, October 4th.
Shares of APOG stock traded up $1.00 during trading hours on Friday, hitting $37.22. 852 shares of the company’s stock traded hands, compared to its average volume of 238,890. The stock’s 50 day simple moving average is $38.32 and its 200 day simple moving average is $39.06. The stock has a market cap of $957.82 million, a PE ratio of 12.47, a price-to-earnings-growth ratio of 1.10 and a beta of 1.70. Apogee Enterprises has a 12 month low of $26.38 and a 12 month high of $46.70. The company has a quick ratio of 0.85, a current ratio of 1.05 and a debt-to-equity ratio of 0.32.
Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings results on Tuesday, September 17th. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.15. The firm had revenue of $357.10 million during the quarter, compared to the consensus estimate of $353.62 million. Apogee Enterprises had a net margin of 3.14% and a return on equity of 15.92%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 earnings per share. As a group, equities research analysts expect that Apogee Enterprises will post 3.04 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 5th. Stockholders of record on Monday, October 21st will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Friday, October 18th. Apogee Enterprises’s dividend payout ratio (DPR) is presently 23.65%.
Several institutional investors and hedge funds have recently bought and sold shares of APOG. Coastal Investment Advisors Inc. acquired a new stake in shares of Apogee Enterprises during the second quarter worth $5,524,000. FMR LLC increased its position in shares of Apogee Enterprises by 492.9% during the first quarter. FMR LLC now owns 147,702 shares of the industrial products company’s stock worth $5,537,000 after buying an additional 122,790 shares during the period. Westwood Holdings Group Inc. increased its position in shares of Apogee Enterprises by 30.6% during the first quarter. Westwood Holdings Group Inc. now owns 492,730 shares of the industrial products company’s stock worth $18,472,000 after buying an additional 115,539 shares during the period. Morgan Stanley grew its holdings in Apogee Enterprises by 739.6% in the second quarter. Morgan Stanley now owns 122,921 shares of the industrial products company’s stock worth $5,339,000 after purchasing an additional 108,280 shares during the period. Finally, Nuveen Asset Management LLC acquired a new stake in Apogee Enterprises in the second quarter worth $4,483,000. Institutional investors own 90.44% of the company’s stock.
Apogee Enterprises Company Profile
Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. It operates through four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass window, curtainwall, storefront, and entrance systems comprising the outside skin and entrances of commercial, institutional, and multi-family residential buildings.
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