Shares of Apogee Enterprises Inc (NASDAQ:APOG) have been given a consensus recommendation of “Hold” by the five ratings firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $61.00.

Several research analysts have commented on APOG shares. BidaskClub raised Apogee Enterprises from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st. Zacks Investment Research upgraded Apogee Enterprises from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st.

Shares of Apogee Enterprises (APOG) traded down $0.17 during midday trading on Tuesday, reaching $45.00. The company’s stock had a trading volume of 304,630 shares, compared to its average volume of 291,285. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.32 and a current ratio of 1.79. The firm has a market capitalization of $1,278.77, a P/E ratio of 16.19, a price-to-earnings-growth ratio of 1.48 and a beta of 1.62. Apogee Enterprises has a 12-month low of $40.03 and a 12-month high of $61.00.

Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Thursday, December 21st. The industrial products company reported $0.90 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.14). The business had revenue of $356.50 million for the quarter, compared to analyst estimates of $373.35 million. Apogee Enterprises had a return on equity of 17.99% and a net margin of 6.24%. The firm’s revenue was up 30.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 EPS. equities research analysts forecast that Apogee Enterprises will post 3.05 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Tuesday, January 30th will be issued a dividend of $0.1575 per share. This is a boost from Apogee Enterprises’s previous quarterly dividend of $0.14. This represents a $0.63 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Monday, January 29th. Apogee Enterprises’s payout ratio is 20.14%.

Apogee Enterprises announced that its board has authorized a stock buyback program on Tuesday, January 9th that permits the company to buyback 1,000,000 outstanding shares. This buyback authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Several large investors have recently added to or reduced their stakes in the company. Pinebridge Investments L.P. grew its holdings in shares of Apogee Enterprises by 1.5% during the second quarter. Pinebridge Investments L.P. now owns 3,792 shares of the industrial products company’s stock worth $216,000 after purchasing an additional 55 shares during the last quarter. Profund Advisors LLC grew its holdings in shares of Apogee Enterprises by 1.1% during the second quarter. Profund Advisors LLC now owns 5,333 shares of the industrial products company’s stock worth $303,000 after purchasing an additional 60 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Apogee Enterprises by 0.4% during the second quarter. The Manufacturers Life Insurance Company now owns 22,727 shares of the industrial products company’s stock worth $1,292,000 after purchasing an additional 83 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Apogee Enterprises by 4.6% during the second quarter. Amalgamated Bank now owns 3,929 shares of the industrial products company’s stock worth $223,000 after purchasing an additional 171 shares during the last quarter. Finally, M&T Bank Corp grew its holdings in shares of Apogee Enterprises by 5.2% during the second quarter. M&T Bank Corp now owns 4,971 shares of the industrial products company’s stock worth $283,000 after purchasing an additional 244 shares during the last quarter. Institutional investors own 96.98% of the company’s stock.

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Apogee Enterprises Company Profile

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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