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.

Apogee Enterprises Stock Performance

Shares of Apogee Enterprises stock traded up $0.93 on Friday, hitting $44.39. 58,042 shares of the company's stock were exchanged, compared to its average volume of 187,350. The company has a 50-day simple moving average of $40.26 and a 200-day simple moving average of $43.38. The stock has a market capitalization of $983.55 million, a PE ratio of 64.33 and a beta of 1.09. Apogee Enterprises has a 1 year low of $33.88 and a 1 year high of $50.44. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.32 and a current ratio of 1.79.

Apogee Enterprises (NASDAQ:APOG - Get Rating) last issued its quarterly earnings results on Thursday, June 23rd. The industrial products company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.57. The business 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%. As a group, equities analysts anticipate that Apogee Enterprises will post 3.82 EPS for the current year.

Apogee Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 27th. Stockholders of record on Tuesday, July 12th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.98%. The ex-dividend date was Monday, July 11th. Apogee Enterprises's dividend payout ratio is presently 127.54%.

Analysts Set New Price Targets

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

Insider Activity

In other news, insider Brent C. Jewell sold 1,313 shares of the firm's stock in a transaction on Monday, July 11th. The shares were sold at an average price of $37.88, for a total transaction of $49,736.44. Following the sale, the insider now directly owns 23,111 shares in the company, valued at approximately $875,444.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Brent C. Jewell sold 1,313 shares of the firm's stock in a transaction on Monday, July 11th. The shares were sold at an average price of $37.88, for a total transaction of $49,736.44. Following the sale, the insider now directly owns 23,111 shares in the company, valued at approximately $875,444.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Gary Robert Johnson sold 2,187 shares of the firm's stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $40.00, for a total transaction of $87,480.00. Following the sale, 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.