Apogee Enterprises - APOG Stock Forecast, Price & News

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. The Architectural Glass segment fabricates coated and high-performance glass used in customized window and wall systems, including the outside skin of commercial, institutional, and multi-family residential buildings. The Architectural Services segment offers full-service installation of the walls of glass, windows, and other curtain wall products making up the outside skin of commercial and institutional buildings. The LSO segment manufactures value-added glass and acrylic products for framing and display applications. The company's products and services are primarily used in commercial buildings, such as office buildings, hotels, and retail centers; and institutional buildings comprising education facilities, health care facilities, and government buildings, as well as multi-family residential buildings. It markets its architectural products and services through direct sales force, independent sales representatives, and distributors to glazing subcontractors and general contractors; and value-added glass and acrylics through retail chains, picture-framing shops, and independent distributors to museums, galleries, and other customers. The company was incorporated in 1949 and is based in Minneapolis, Minnesota.

Analyst Ratings Changes

Several analysts have issued reports on APOG shares. TheStreet raised shares of Apogee Enterprises from a "c+" rating to a "b-" rating in a research report on Thursday, June 23rd. StockNews.com lowered shares of Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, August 3rd. Finally, Craig Hallum dropped their price target on shares of Apogee Enterprises from $47.00 to $43.00 and set a "hold" rating on the stock in a research report on Friday, June 24th.

Apogee Enterprises Price Performance

Shares of APOG opened at $43.46 on Friday. The firm has a market capitalization of $962.94 million, a PE ratio of 62.99 and a beta of 1.09. The company's 50-day moving average is $40.21 and its 200-day moving average is $43.40. Apogee Enterprises has a fifty-two week low of $33.88 and a fifty-two week high of $50.44. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.79 and a quick ratio of 1.32.

Apogee Enterprises (NASDAQ:APOG - Get Rating) last issued its quarterly earnings data on Thursday, June 23rd. The industrial products company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.57. The company had revenue of $356.64 million for the quarter. Apogee Enterprises had a net margin of 1.15% and a return on equity of 17.91%. Equities analysts forecast that Apogee Enterprises will post 3.82 EPS for the current year.

Apogee Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 27th. Stockholders of record on Tuesday, July 12th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.02%. The ex-dividend date was Monday, July 11th. Apogee Enterprises's payout ratio is presently 127.54%.

Insider Activity

In related news, insider Brent C. Jewell sold 1,313 shares of the company's stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $37.88, for a total value of $49,736.44. Following the transaction, the insider now directly owns 23,111 shares in the company, valued at $875,444.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Brent C. Jewell sold 1,313 shares of the company's stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $37.88, for a total value of $49,736.44. Following the transaction, the insider now directly owns 23,111 shares in the company, valued at $875,444.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Gary Robert Johnson sold 2,187 shares of the company's stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $40.00, for a total transaction of $87,480.00. Following the completion of the transaction, the senior vice president now owns 36,600 shares in the company, valued at $1,464,000. The disclosure for this sale can be found here. Insiders own 1.82% of the company's stock.