Apogee Enterprises Inc (APOG) Given Consensus Recommendation of “Hold” by Analysts

Apogee Enterprises Inc (NASDAQ:APOG) has been given an average rating of “Hold” by the seven analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $46.33.

A number of research firms have recently commented on APOG. BidaskClub upgraded Apogee Enterprises from a “strong sell” rating to a “sell” rating in a research note on Saturday, January 5th. Craig Hallum set a $48.00 price objective on Apogee Enterprises and gave the company a “buy” rating in a research note on Friday, December 21st. ValuEngine cut Apogee Enterprises from a “sell” rating to a “strong sell” rating in a research note on Friday, December 21st. Finally, Zacks Investment Research upgraded Apogee Enterprises from a “sell” rating to a “hold” rating in a research note on Tuesday, November 20th.

In other Apogee Enterprises news, CEO Joseph F. Puishys purchased 10,000 shares of the firm’s stock in a transaction dated Monday, December 24th. The stock was purchased at an average price of $26.97 per share, for a total transaction of $269,700.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James S. Porter purchased 2,000 shares of the firm’s stock in a transaction dated Monday, December 24th. The stock was acquired at an average price of $28.10 per share, with a total value of $56,200.00. The disclosure for this purchase can be found here. 2.90% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the company. Man Group plc raised its stake in shares of Apogee Enterprises by 179.8% in the third quarter. Man Group plc now owns 39,317 shares of the industrial products company’s stock worth $1,625,000 after purchasing an additional 25,265 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of Apogee Enterprises by 208.3% in the third quarter. Prudential Financial Inc. now owns 153,981 shares of the industrial products company’s stock worth $6,363,000 after acquiring an additional 104,035 shares during the period. Millennium Management LLC bought a new stake in shares of Apogee Enterprises in the second quarter worth $523,000. Pacer Advisors Inc. grew its holdings in shares of Apogee Enterprises by 217.8% in the third quarter. Pacer Advisors Inc. now owns 4,545 shares of the industrial products company’s stock worth $188,000 after acquiring an additional 3,115 shares during the period. Finally, Vanguard Group Inc grew its holdings in shares of Apogee Enterprises by 1.9% in the third quarter. Vanguard Group Inc now owns 2,775,290 shares of the industrial products company’s stock worth $114,675,000 after acquiring an additional 52,620 shares during the period. Hedge funds and other institutional investors own 98.01% of the company’s stock.

Shares of APOG stock traded up $0.28 during trading hours on Tuesday, reaching $34.35. The company’s stock had a trading volume of 196,658 shares, compared to its average volume of 220,371. The firm has a market cap of $933.50 million, a P/E ratio of 11.08, a P/E/G ratio of 1.10 and a beta of 1.58. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.38 and a current ratio of 1.75. Apogee Enterprises has a one year low of $26.38 and a one year high of $50.87.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Thursday, December 20th. The industrial products company reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.02. The company had revenue of $357.70 million during the quarter, compared to analysts’ expectations of $362.40 million. Apogee Enterprises had a return on equity of 16.19% and a net margin of 5.68%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 EPS. As a group, equities analysts predict that Apogee Enterprises will post 3.13 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 20th. Shareholders of record on Tuesday, February 5th will be paid a dividend of $0.175 per share. This is a boost from Apogee Enterprises’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Monday, February 4th. This represents a $0.70 dividend on an annualized basis and a yield of 2.04%. Apogee Enterprises’s payout ratio is presently 20.32%.

About Apogee Enterprises

Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. It operates through 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, curtainwall, storefront, and entrance systems comprising the outside skin and entrances of commercial, institutional, and multi-family residential buildings.

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