Apogee Enterprises, Inc. (NASDAQ:APOG) has been given an average rating of “Buy” by the six brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $64.75.

A number of brokerages have commented on APOG. ValuEngine upgraded shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Zacks Investment Research upgraded shares of Apogee Enterprises from a “hold” rating to a “strong-buy” rating and set a $65.00 price target for the company in a research note on Monday, June 19th. BidaskClub lowered shares of Apogee Enterprises from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Finally, Sidoti began coverage on shares of Apogee Enterprises in a research note on Thursday, May 25th. They set a “buy” rating and a $70.00 price target for the company.

Shares of Apogee Enterprises (NASDAQ APOG) traded down 3.38% during midday trading on Friday, hitting $47.42. 304,235 shares of the stock traded hands. The stock has a market capitalization of $1.37 billion, a P/E ratio of 16.24 and a beta of 1.56. The firm has a 50-day moving average price of $52.96 and a 200-day moving average price of $55.29. Apogee Enterprises has a 52 week low of $39.88 and a 52 week high of $61.00.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings data on Thursday, June 22nd. The industrial products company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.71 by $0.09. The company had revenue of $272.30 million during the quarter, compared to the consensus estimate of $271.13 million. Apogee Enterprises had a net margin of 7.39% and a return on equity of 18.59%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 EPS. On average, equities analysts predict that Apogee Enterprises will post $3.38 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Monday, July 10th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $0.56 dividend on an annualized basis and a yield of 1.18%. Apogee Enterprises’s dividend payout ratio (DPR) is presently 19.24%.

In other news, Director Jerome L. Davis sold 18,706 shares of the company’s stock in a transaction on Friday, July 7th. The shares were sold at an average price of $55.04, for a total value of $1,029,578.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.70% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Bank of America Corp DE raised its stake in Apogee Enterprises by 24.8% in the first quarter. Bank of America Corp DE now owns 335,527 shares of the industrial products company’s stock valued at $20,001,000 after buying an additional 66,763 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Apogee Enterprises by 12.5% in the first quarter. Russell Investments Group Ltd. now owns 287,033 shares of the industrial products company’s stock valued at $17,108,000 after buying an additional 31,979 shares during the last quarter. BlackRock Inc. raised its stake in Apogee Enterprises by 19,368.0% in the first quarter. BlackRock Inc. now owns 4,227,467 shares of the industrial products company’s stock valued at $252,000,000 after buying an additional 4,205,752 shares during the last quarter. Principal Financial Group Inc. raised its stake in Apogee Enterprises by 1.6% in the first quarter. Principal Financial Group Inc. now owns 236,691 shares of the industrial products company’s stock valued at $14,109,000 after buying an additional 3,671 shares during the last quarter. Finally, State Street Corp raised its stake in Apogee Enterprises by 3.5% in the first quarter. State Street Corp now owns 1,099,051 shares of the industrial products company’s stock valued at $65,517,000 after buying an additional 37,383 shares during the last quarter.

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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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