Apogee Enterprises Inc (NASDAQ:APOG) – Stock analysts at DA Davidson issued their FY2022 earnings per share (EPS) estimates for shares of Apogee Enterprises in a note issued to investors on Monday, June 29th. DA Davidson analyst B. Thielman forecasts that the industrial products company will post earnings per share of $2.08 for the year.

APOG has been the subject of several other research reports. BidaskClub upgraded shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Tuesday, June 9th. Zacks Investment Research upgraded Apogee Enterprises from a “sell” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a research report on Wednesday, June 3rd. Finally, Sidoti lowered their price objective on Apogee Enterprises from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $20.00.

NASDAQ:APOG opened at $23.57 on Tuesday. The firm’s 50-day moving average is $21.45 and its 200-day moving average is $26.04. The company has a market cap of $547.99 million, a price-to-earnings ratio of 12.74, a PEG ratio of 0.87 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.12 and a current ratio of 1.38. Apogee Enterprises has a 52-week low of $13.77 and a 52-week high of $46.70.

Apogee Enterprises (NASDAQ:APOG) last announced its earnings results on Friday, June 26th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.04). The company had revenue of $289.10 million for the quarter, compared to the consensus estimate of $304.54 million. Apogee Enterprises had a return on equity of 10.17% and a net margin of 3.74%. The company’s revenue was down 18.7% compared to the same quarter last year. During the same period last year, the firm posted $0.60 EPS.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 29th. Stockholders of record on Tuesday, July 14th will be issued a $0.188 dividend. The ex-dividend date is Monday, July 13th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.19%. Apogee Enterprises’s payout ratio is presently 31.51%.

In related news, Director Lloyd Emerson Johnson purchased 25,140 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The shares were acquired at an average price of $18.75 per share, with a total value of $471,375.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 3.10% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its position in Apogee Enterprises by 53.3% during the 1st quarter. Royal Bank of Canada now owns 10,787 shares of the industrial products company’s stock worth $225,000 after acquiring an additional 3,752 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of Apogee Enterprises in the first quarter valued at $603,000. Advisor Group Holdings Inc. acquired a new stake in shares of Apogee Enterprises in the first quarter valued at $59,000. Invesco Ltd. raised its holdings in shares of Apogee Enterprises by 14.1% in the first quarter. Invesco Ltd. now owns 118,029 shares of the industrial products company’s stock valued at $2,457,000 after buying an additional 14,618 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its position in Apogee Enterprises by 27.1% during the 1st quarter. Two Sigma Advisers LP now owns 45,075 shares of the industrial products company’s stock worth $938,000 after buying an additional 9,600 shares in the last quarter. 88.46% of the stock is currently owned by institutional investors and hedge funds.

Apogee Enterprises Company Profile

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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