Shares of Apogee Enterprises, Inc. (NASDAQ:APOG) have received an average rating of “Hold” from the six research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $63.33.

APOG has been the topic of several research reports. BidaskClub downgraded shares of Apogee Enterprises from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. DA Davidson set a $52.00 price objective on shares of Apogee Enterprises and gave the stock a “buy” rating in a report on Thursday, August 24th. Zacks Investment Research downgraded shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, ValuEngine upgraded shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a report on Thursday, July 6th.

Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Tuesday, September 19th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.04. The business had revenue of $343.91 million for the quarter, compared to analyst estimates of $349.97 million. Apogee Enterprises had a net margin of 6.57% and a return on equity of 17.89%. Apogee Enterprises’s revenue was up 23.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.77 earnings per share.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Tuesday, October 24th will be issued a $0.14 dividend. The ex-dividend date is Monday, October 23rd. This represents a $0.56 annualized dividend and a dividend yield of 1.17%. Apogee Enterprises’s dividend payout ratio is currently 20.44%.

Several hedge funds have recently made changes to their positions in APOG. UBS Asset Management Americas Inc. raised its holdings in shares of Apogee Enterprises by 58.3% in the first quarter. UBS Asset Management Americas Inc. now owns 18,883 shares of the industrial products company’s stock valued at $1,126,000 after purchasing an additional 6,954 shares during the last quarter. OppenheimerFunds Inc. increased its holdings in Apogee Enterprises by 6.2% during the first quarter. OppenheimerFunds Inc. now owns 14,128 shares of the industrial products company’s stock worth $842,000 after buying an additional 829 shares during the last quarter. FMR LLC increased its holdings in Apogee Enterprises by 131.3% during the first quarter. FMR LLC now owns 622,720 shares of the industrial products company’s stock worth $37,120,000 after buying an additional 353,510 shares during the last quarter. California Public Employees Retirement System increased its holdings in Apogee Enterprises by 4.4% during the first quarter. California Public Employees Retirement System now owns 30,600 shares of the industrial products company’s stock worth $1,824,000 after buying an additional 1,300 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its holdings in Apogee Enterprises by 5.5% during the first quarter. Thrivent Financial For Lutherans now owns 16,420 shares of the industrial products company’s stock worth $979,000 after buying an additional 860 shares during the last quarter.

COPYRIGHT VIOLATION NOTICE: “Apogee Enterprises, Inc. (APOG) Given Consensus Recommendation of “Hold” by Brokerages” was first published by American Banking News and is owned by of American Banking News. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of international trademark and copyright legislation. The original version of this news story can be read at https://www.americanbankingnews.com/2017/11/02/apogee-enterprises-inc-apog-given-consensus-recommendation-of-hold-by-brokerages.html.

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.

Receive News & Ratings for Apogee Enterprises Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apogee Enterprises Inc. and related companies with MarketBeat.com's FREE daily email newsletter.