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Apogee Enterprises, Inc. (NASDAQ:APOG - Get Rating) declared a quarterly dividend on Thursday, June 23rd, Zacks reports. Investors of record on Tuesday, July 12th will be given a dividend of 0.22 per share by the industrial products company on Wednesday, July 27th. This represents a $0.88 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Monday, July 11th.
Apogee Enterprises has increased its dividend payment by an average of 8.3% per year over the last three years and has increased its dividend every year for the last 12 years. Apogee Enterprises has a dividend payout ratio of 28.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Apogee Enterprises to earn $3.55 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 24.8%.
APOG stock opened at $39.96 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.45 and a quick ratio of 1.10. The company has a 50 day moving average price of $42.40 and a 200 day moving average price of $44.95. Apogee Enterprises has a fifty-two week low of $33.88 and a fifty-two week high of $50.44. The stock has a market capitalization of $887.11 million, a PE ratio of 363.31 and a beta of 1.12.
Apogee Enterprises (NASDAQ:APOG - Get Rating) last posted its quarterly earnings data on Thursday, April 7th. The industrial products company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.17. Apogee Enterprises had a net margin of 0.27% and a return on equity of 13.65%. The firm had revenue of $328.00 million during the quarter, compared to analysts' expectations of $322.02 million. During the same quarter in the previous year, the company posted $0.63 EPS. Apogee Enterprises's revenue was up 6.3% on a year-over-year basis. As a group, equities analysts expect that Apogee Enterprises will post 3.05 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. increased its position in shares of Apogee Enterprises by 5.4% in the 1st quarter. Invesco Ltd. now owns 157,623 shares of the industrial products company's stock valued at $7,481,000 after buying an additional 8,078 shares in the last quarter. Rhumbline Advisers increased its position in shares of Apogee Enterprises by 0.6% in the 1st quarter. Rhumbline Advisers now owns 70,989 shares of the industrial products company's stock valued at $3,369,000 after buying an additional 404 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Apogee Enterprises by 21.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 51,831 shares of the industrial products company's stock valued at $2,460,000 after buying an additional 9,121 shares in the last quarter. Jane Street Group LLC increased its position in shares of Apogee Enterprises by 404.0% in the 1st quarter. Jane Street Group LLC now owns 28,613 shares of the industrial products company's stock valued at $1,358,000 after buying an additional 22,936 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its position in shares of Apogee Enterprises by 4.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 22,464 shares of the industrial products company's stock valued at $1,094,000 after buying an additional 948 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.
Several analysts have commented on APOG shares. Craig Hallum dropped their target price on shares of Apogee Enterprises from $47.00 to $43.00 in a research report on Friday. TheStreet cut shares of Apogee Enterprises from a "b-" rating to a "c+" rating in a research report on Monday, April 11th. Finally, StockNews.com upgraded shares of Apogee Enterprises from a "hold" rating to a "buy" rating in a research report on Friday, April 22nd.
Apogee Enterprises Company Profile (Get Rating)
Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. The company operates in 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; curtain wall; storefront; and entrance systems, such as the outside skin and entrances of commercial, institutional, and multi-family residential buildings.
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