Apogee Enterprises, Inc. (NASDAQ:APOG) has received a consensus recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $63.33.

APOG has been the topic of several analyst reports. DA Davidson set a $52.00 price target on shares of Apogee Enterprises and gave the stock a “buy” rating in a research note on Thursday, August 24th. Zacks Investment Research downgraded shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, ValuEngine downgraded shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, September 1st.

Apogee Enterprises (NASDAQ:APOG) traded down $1.37 during trading on Monday, reaching $48.66. 240,832 shares of the company traded hands, compared to its average volume of 163,877. Apogee Enterprises has a 12-month low of $40.03 and a 12-month high of $61.00. The stock has a market cap of $1,433.00, a P/E ratio of 16.96, a price-to-earnings-growth ratio of 1.48 and a beta of 1.62. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.86 and a quick ratio of 1.34.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings results on Tuesday, September 19th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.04. Apogee Enterprises had a net margin of 6.57% and a return on equity of 17.89%. The firm had revenue of $343.91 million for the quarter, compared to the consensus estimate of $349.97 million. During the same quarter in the previous year, the firm posted $0.77 EPS. The firm’s quarterly revenue was up 23.5% on a year-over-year basis. sell-side analysts predict that Apogee Enterprises will post 3.39 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 8th. Investors of record on Tuesday, October 24th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.15%. The ex-dividend date was Monday, October 23rd. Apogee Enterprises’s dividend payout ratio (DPR) is 20.44%.

A number of institutional investors have recently added to or reduced their stakes in APOG. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Apogee Enterprises by 79.4% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,486 shares of the industrial products company’s stock worth $120,000 after purchasing an additional 1,100 shares during the last quarter. Riverhead Capital Management LLC increased its position in shares of Apogee Enterprises by 99.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,398 shares of the industrial products company’s stock worth $136,000 after purchasing an additional 1,198 shares during the last quarter. Forward Management LLC bought a new stake in shares of Apogee Enterprises in the 2nd quarter worth about $137,000. Flinton Capital Management LLC increased its position in shares of Apogee Enterprises by 80.0% in the 2nd quarter. Flinton Capital Management LLC now owns 3,060 shares of the industrial products company’s stock worth $174,000 after purchasing an additional 1,360 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Apogee Enterprises in the 3rd quarter worth about $190,000. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

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About Apogee Enterprises

Apogee Enterprises, Inc is engaged in the design and development of glass solutions for enclosing commercial buildings and framing art. The Company operates through four segments: Architectural Glass, Architectural Services, Architectural Framing Systems and Large-Scale Optical Technologies (LSO). The Architectural Glass segment fabricates coated glass used in customized window and wall systems.

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