Apogee Enterprises Stock Price, News & Analysis (NASDAQ:APOG)

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Apogee Enterprises in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" APOG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in APOG, but not buy additional shares or sell existing shares.
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2 equities research analysts have issued 1 year price objectives for Apogee Enterprises' stock. Their APOG share price targets range from $46.00 to $50.00. On average, they anticipate the company's stock price to reach $48.00 in the next twelve months. This suggests a possible upside of 0.9% from the stock's current price.
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Apogee Enterprises' stock was trading at $44.46 at the beginning of 2023. Since then, APOG stock has increased by 7.0% and is now trading at $47.56.
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Apogee Enterprises saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 1,260,000 shares, an increase of 17.8% from the October 31st total of 1,070,000 shares. Based on an average daily volume of 166,700 shares, the days-to-cover ratio is currently 7.6 days. Approximately 5.8% of the company's stock are short sold.
View Apogee Enterprises' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, December 28th 2023.
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Apogee Enterprises, Inc. (NASDAQ:APOG) announced its quarterly earnings data on Tuesday, September, 19th. The industrial products company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.12 by $0.24. The industrial products company had revenue of $353.70 million for the quarter, compared to analysts' expectations of $371.19 million. Apogee Enterprises had a trailing twelve-month return on equity of 23.81% and a net margin of 7.07%. The business's quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.06 EPS.

Apogee Enterprises announced a quarterly dividend on Thursday, October 5th. Shareholders of record on Tuesday, October 24th will be paid a dividend of $0.24 per share on Wednesday, November 8th. This represents a $0.96 annualized dividend and a yield of 2.02%. The ex-dividend date is Monday, October 23rd.
Read our dividend analysis for APOG.

Apogee Enterprises (NASDAQ:APOG) pays an annual dividend of $0.96 per share and currently has a dividend yield of 2.07%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 21.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, APOG will have a dividend payout ratio of 21.77% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for APOG.

ETFs with the largest weight of Apogee Enterprises (NASDAQ:APOG) stock in their portfolio include Dividend Performers ETF (IPDP), ProShares Russell 2000 Dividend Growers ETF (SMDV) and Roundhill Acquirers Deep Value ETF (DEEP).iShares U.S. Infrastructure ETF (IFRA).

Apogee Enterprises updated its FY24 earnings guidance on Tuesday, September, 19th. The company provided earnings per share guidance of $4.35-4.65 for the period, compared to the consensus earnings per share estimate of $4.28. The company issued revenue guidance of flat to slightly lower yr/yr, compared to the consensus revenue estimate of $1.44 billion.

7 employees have rated Apogee Enterprises Chief Executive Officer Joseph Puishys on Glassdoor.com. Joseph Puishys has an approval rating of 81% among the company's employees. 58.0% of employees surveyed would recommend working at Apogee Enterprises to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Apogee Enterprises investors own include Energy Transfer (ET), Home Depot (HD), AT&T (T), AbbVie (ABBV), Johnson & Johnson (JNJ), McDonald's (MCD), Verizon Communications (VZ), Advanced Micro Devices (AMD), NVIDIA (NVDA) and Pfizer (PFE).

Apogee Enterprises' stock is owned by many different institutional and retail investors. Top institutional shareholders include Victory Capital Management Inc. (4.63%), LSV Asset Management (2.32%), Charles Schwab Investment Management Inc. (1.68%), Bank of New York Mellon Corp (1.37%), Invesco Ltd. (1.33%) and Northern Trust Corp (1.30%). Insiders that own company stock include Bernard P Aldrich, Brent C Jewell, Curtis John Dobler, Gary Robert Johnson, Herbert K Parker, Jane Marie Boyce, Mark Richard Augdahl and Meghan Marie Elliott.
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Shares of APOG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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