Apogee Enterprises - APOG Stock Forecast, Price & News

1 Wall Street 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 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 analysts have issued 1-year price targets for Apogee Enterprises' shares. Their APOG share price forecasts range from $43.00 to $43.00. On average, they expect the company's share price to reach $43.00 in the next year. This suggests that the stock has a possible downside of 4.6%.
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Apogee Enterprises' stock was trading at $44.46 on January 1st, 2023. Since then, APOG shares have increased by 1.4% and is now trading at $45.09.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 6th 2023.
View our APOG earnings forecast.

Apogee Enterprises, Inc. (NASDAQ:APOG) released its quarterly earnings results on Thursday, December, 22nd. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.09. The industrial products company earned $367.85 million during the quarter, compared to analysts' expectations of $354.60 million. Apogee Enterprises had a net margin of 4.75% and a trailing twelve-month return on equity of 25.58%.

Apogee Enterprises announced 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 yield of 2.13%. The ex-dividend date is Monday, January 30th. This is an increase from the stock's previous quarterly dividend of $0.22.
Read our dividend analysis for APOG.

Apogee Enterprises (NASDAQ:APOG) pays an annual dividend of $0.88 per share and currently has a dividend yield of 1.96%. 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 28.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, APOG will have a dividend payout ratio of 22.34% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for APOG.

Apogee Enterprises issued an update on its FY23 earnings guidance on Thursday, December, 22nd. The company provided EPS 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 variety of retail and institutional investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.54%), New York State Teachers Retirement System (0.23%), North Star Investment Management Corp. (0.17%), National Bank of Canada FI (0.13%), SummerHaven Investment Management LLC (0.09%) and Yousif Capital Management LLC (0.06%). 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 $45.09.

Apogee Enterprises (NASDAQ:APOG) has a market capitalization of $1.00 billion 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.