Apogee Enterprises, Inc. Announces Quarterly Dividend of $0.26 (NASDAQ:APOG)

Key Points

• Apogee Enterprises, Inc. has declared a quarterly dividend of $0.26 per share, payable on November 13th, with a yield of 2.5%.
• The company reported $0.98 EPS for the quarter, exceeding expectations of $0.84, and its quarterly revenue increased by 4.6% year-over-year.
• Apogee has a solid dividend payout ratio of 25.8%, indicating sufficient coverage of its dividend by earnings.

Apogee Enterprises, Inc. (NASDAQ:APOG - Get Free Report) declared a quarterly dividend on Friday, October 10th, RTT News reports. Stockholders of record on Wednesday, October 29th will be given a dividend of 0.26 per share by the industrial products company on Thursday, November 13th. This represents a c) annualized dividend and a dividend yield of 2.5%.

Apogee Enterprises has a dividend payout ratio of 25.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Apogee Enterprises to earn $4.43 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 23.5%.

Apogee Enterprises Price Performance

Shares of NASDAQ APOG opened at $41.44 on Friday. The firm has a market cap of $892.20 million, a PE ratio of 17.71 and a beta of 1.06. The firm has a fifty day moving average of $43.16 and a 200 day moving average of $42.38. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.36 and a current ratio of 1.77. Apogee Enterprises has a one year low of $37.53 and a one year high of $87.93.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last announced its earnings results on Thursday, October 9th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.14. The company had revenue of $358.19 million for the quarter, compared to analysts' expectations of $350.91 million. Apogee Enterprises had a net margin of 3.73% and a return on equity of 17.79%. The firm's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.44 EPS. Apogee Enterprises has set its FY 2026 guidance at 3.600-3.900 EPS. As a group, research analysts predict that Apogee Enterprises will post 4.97 EPS for the current fiscal year.

Hedge Funds Weigh In On Apogee Enterprises

Several hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. raised its holdings in shares of Apogee Enterprises by 1.3% during the 1st quarter. Victory Capital Management Inc. now owns 1,170,654 shares of the industrial products company's stock valued at $54,236,000 after buying an additional 14,687 shares during the period. Segall Bryant & Hamill LLC boosted its position in Apogee Enterprises by 27.9% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 925,641 shares of the industrial products company's stock worth $37,581,000 after acquiring an additional 201,653 shares during the period. American Century Companies Inc. boosted its position in Apogee Enterprises by 4.4% during the 2nd quarter. American Century Companies Inc. now owns 794,232 shares of the industrial products company's stock worth $32,246,000 after acquiring an additional 33,411 shares during the period. LSV Asset Management lifted its holdings in shares of Apogee Enterprises by 0.3% in the second quarter. LSV Asset Management now owns 483,000 shares of the industrial products company's stock valued at $19,610,000 after buying an additional 1,645 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of Apogee Enterprises by 1,074.3% in the first quarter. Millennium Management LLC now owns 320,220 shares of the industrial products company's stock valued at $14,836,000 after buying an additional 292,952 shares during the period. 94.05% of the stock is owned by institutional investors and hedge funds.

About Apogee Enterprises

Apogee Enterprises, Inc provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical (LSO).

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