Apogee Enterprises (APOG) Stock Forecast, Price & News

2 Wall Street equities 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 equities 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.
View APOG analyst ratings or view top-rated stocks.

2 Wall Street research analysts have issued 1-year price targets for Apogee Enterprises' stock. Their APOG share price forecasts range from $46.00 to $50.00. On average, they anticipate the company's share price to reach $48.00 in the next twelve months. This suggests a possible upside of 1.0% 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 6.9% and is now trading at $47.54.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 28th 2023.
View our APOG earnings forecast.

Apogee Enterprises, Inc. (NASDAQ:APOG) released its quarterly earnings results on Tuesday, September, 19th. The industrial products company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.24. The industrial products company had revenue of $353.70 million for the quarter, compared to analyst estimates 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 firm's quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.06 earnings per share.

Apogee Enterprises declared a quarterly dividend on Thursday, June 22nd. Investors of record on Wednesday, July 12th will be given a dividend of $0.24 per share on Thursday, July 27th. This represents a $0.96 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Tuesday, July 11th.
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 (NASDAQ:APOG) pays an annual dividend of $0.96 per share and currently has a dividend yield of 2.02%. 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 23.30% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for APOG.

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 trades on the NASDAQ under the ticker symbol "APOG."

Apogee Enterprises' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (18.47%), Dimensional Fund Advisors LP (6.14%), State Street Corp (5.01%), Segall Bryant & Hamill LLC (3.55%), LSV Asset Management (2.36%) and Geode Capital Management LLC (2.02%). 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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One share of APOG stock can currently be purchased for approximately $47.54.

Apogee Enterprises (NASDAQ:APOG) has a market capitalization of $1.05 billion and generates $1.44 billion in revenue each year. The industrial products company earns $104.11 million in net income (profit) each year or $4.55 on an earnings per share basis.

The company employs 4,900 workers across the globe.

Apogee Enterprises' mailing address is 4400 WEST 78TH STREET SUITE 520, MINNEAPOLIS MN, 55435. The official website for the company is www.apog.com. The industrial products company can be reached via phone at (952) 835-1874 or via email at ir@apog.com.