Apogee Enterprises, Inc. (APOG) Receives $63.33 Average Price Target from Brokerages
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.
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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