Apogee Enterprises - APOG Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Apogee Enterprises in the last year. There are currently 1 hold rating 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.
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1 equities research analysts have issued 1 year target prices for Apogee Enterprises' stock. Their APOG share price forecasts range from $43.00 to $43.00. On average, they predict the company's stock price to reach $43.00 in the next twelve months. This suggests a possible upside of 2.5% from the stock's current price.
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Apogee Enterprises' stock was trading at $44.46 at the beginning of the year. Since then, APOG stock has decreased by 5.6% and is now trading at $41.97.
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Apogee Enterprises saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 520,400 shares, an increase of 6.7% from the February 13th total of 487,500 shares. Based on an average daily volume of 113,500 shares, the days-to-cover ratio is currently 4.6 days. Currently, 2.4% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 6th 2023.
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Apogee Enterprises, Inc. (NASDAQ:APOG) announced its earnings results on Thursday, December, 22nd. The industrial products company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.09. The industrial products company had revenue of $367.85 million for the quarter, compared to analyst estimates of $354.60 million. Apogee Enterprises had a trailing twelve-month return on equity of 25.58% and a net margin of 4.75%.

Apogee Enterprises declared a quarterly dividend on Thursday, January 12th. Investors of record on Tuesday, January 31st will be given a dividend of $0.24 per share on Wednesday, February 15th. This represents a $0.96 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Monday, January 30th. This is an increase from the stock's previous quarterly dividend of $0.22.
Read our dividend analysis for APOG.

ETFs with the largest weight of Apogee Enterprises (NASDAQ:APOG) stock in their portfolio include Invesco Dynamic Building & Construction ETF (PKB), Dividend Performers ETF (IPDP), ProShares Russell 2000 Dividend Growers ETF (SMDV), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Invesco S&P SmallCap Industrials ETF (PSCI), iShares U.S. Infrastructure ETF (IFRA), Distillate Small/Mid Cash Flow ETF (DSMC) and Etho Climate Leadership US ETF (ETHO).

Apogee Enterprises (NASDAQ:APOG) pays an annual dividend of $0.96 per share and currently has a dividend yield of 2.41%. 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 31.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, APOG will have a dividend payout ratio of 24.37% 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 FY23 earnings guidance on Thursday, December, 22nd. The company provided earnings per share guidance of $3.90-$4.05 for the period, compared to the consensus estimate of $3.90.

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 number of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (6.30%), Barrow Hanley Mewhinney & Strauss LLC (5.06%), Franklin Resources Inc. (2.94%), LSV Asset Management (2.42%), Geode Capital Management LLC (1.81%) and Charles Schwab Investment Management Inc. (1.61%). Insiders that own company stock include Bernard P Aldrich, Brent C Jewell, Gary Robert Johnson, Herbert K Parker and Lloyd Emerson Johnson.
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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 $41.97.

Apogee Enterprises (NASDAQ:APOG) has a market capitalization of $932.15 million and generates $1.31 billion in revenue each year. The industrial products company earns $3.49 million in net income (profit) each year or $3.08 on an earnings per share basis.

The company employs 5,500 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.