Apogee Enterprises Inc. (APOG) Plans Quarterly Dividend of $0.10
Apogee Enterprises (NASDAQ:APOG) declared a quarterly dividend on Friday, January 17th, Analyst Ratings.Net reports. Shareholders of record on Thursday, February 6th will be given a dividend of 0.10 per share on Friday, February 21st. This represents a $0.40 dividend on an annualized basis and a yield of 1.11%.
APOG has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Apogee Enterprises in a research note to investors on Friday, December 20th. They now have a $38.00 price target on the stock. On the ratings front, analysts at Northland Capital Partners downgraded shares of Apogee Enterprises from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, December 20th. They now have a $33.00 price target on the stock. Finally, analysts at Northland Securities downgraded shares of Apogee Enterprises from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, December 20th. They now have a $33.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $34.00.
Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Thursday, December 19th. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.35 by $0.02. The company had revenue of $199.40 million for the quarter, compared to the consensus estimate of $202.59 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis.
In other Apogee Enterprises news, Director Robert Marzec sold 6,373 shares of the company’s stock on the open market in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $34.75, for a total transaction of $221,461.75. Following the completion of the transaction, the director now directly owns 25,291 shares in the company, valued at approximately $878,862. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Apogee Enterprises, Inc (NASDAQ:APOG) is involved in the design and development of value-added glass products, services and systems.
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