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.

Wall Street Analyst Weigh In

APOG has been the subject of a number of research analyst reports. Craig Hallum dropped their price objective on shares of Apogee Enterprises from $47.00 to $43.00 and set a "hold" rating for the company in a report on Friday, June 24th. TheStreet raised shares of Apogee Enterprises from a "c+" rating to a "b-" rating in a report on Thursday, June 23rd. Finally, StockNews.com downgraded shares of Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a report on Wednesday, August 3rd.

Apogee Enterprises Stock Performance

Apogee Enterprises stock opened at $42.14 on Tuesday. The company has a quick ratio of 1.32, a current ratio of 1.79 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $933.82 million, a PE ratio of 61.07 and a beta of 1.09. The firm has a fifty day simple moving average of $40.18 and a two-hundred day simple moving average of $43.43. Apogee Enterprises has a twelve month low of $33.88 and a twelve month high of $50.44.

Apogee Enterprises (NASDAQ:APOG - Get Rating) last posted 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 during the quarter. Apogee Enterprises had a net margin of 1.15% and a return on equity of 17.91%. Research analysts expect that Apogee Enterprises will post 3.82 EPS for the current year.

Apogee Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 27th. Shareholders of record on Tuesday, July 12th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Monday, July 11th. Apogee Enterprises's dividend payout ratio is presently 127.54%.

Insiders Place Their Bets

In other Apogee Enterprises news, SVP Gary Robert Johnson sold 2,187 shares of the business's stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $40.00, for a total value of $87,480.00. Following the completion of the sale, the senior vice president now directly owns 36,600 shares of the company's stock, valued at $1,464,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Apogee Enterprises news, insider Brent C. Jewell sold 1,313 shares of the business'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 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 through this hyperlink. Also, SVP Gary Robert Johnson sold 2,187 shares of the business'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 approximately $1,464,000. The disclosure for this sale can be found here. 1.82% of the stock is currently owned by insiders.