Apogee Enterprises, Inc. Declares Quarterly Dividend of $0.14 (APOG)
Apogee Enterprises, Inc. (NASDAQ:APOG) announced a quarterly dividend on Wednesday, October 4th, RTT News reports. Stockholders of record on Tuesday, October 24th will be paid a dividend of 0.14 per share by the industrial products company on Wednesday, November 8th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.14%.
Apogee Enterprises (NASDAQ APOG) traded down 0.12% during trading on Wednesday, hitting $48.90. 84,696 shares of the company traded hands. The company’s 50 day moving average is $45.56 and its 200-day moving average is $52.39. Apogee Enterprises has a 52 week low of $39.88 and a 52 week high of $61.00. The stock has a market capitalization of $1.41 billion, a PE ratio of 17.85 and a beta of 1.56.
Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Tuesday, September 19th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.04. The firm had revenue of $343.91 million for the quarter, compared to analysts’ expectations of $349.97 million. Apogee Enterprises had a return on equity of 17.89% and a net margin of 6.57%. The business’s revenue was up 23.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.77 earnings per share. Analysts predict that Apogee Enterprises will post $3.07 earnings per share for the current year.
In other news, Director Jerome L. Davis sold 18,706 shares of the company’s stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $55.04, for a total transaction of $1,029,578.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.10% of the company’s stock.
APOG has been the topic of a number of research reports. ValuEngine raised Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. BidaskClub downgraded Apogee Enterprises from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Zacks Investment Research upgraded Apogee Enterprises from a “hold” rating to a “strong-buy” rating and set a $65.00 target price for the company in a research report on Monday, June 19th. Finally, DA Davidson set a $52.00 target price on shares of Apogee Enterprises and gave the company a “buy” rating in a report on Thursday, August 24th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $63.75.
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About Apogee Enterprises
Apogee Enterprises, Inc is engaged in the design and development of glass solutions for enclosing commercial buildings and framing art. The Company operates through four segments: Architectural Glass, Architectural Services, Architectural Framing Systems and Large-Scale Optical Technologies (LSO). The Architectural Glass segment fabricates coated glass used in customized window and wall systems.
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