Shares of Apogee Enterprises Inc (NASDAQ:APOG) have received a consensus recommendation of “Buy” from the six analysts that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $63.33.

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

Apogee Enterprises (NASDAQ APOG) traded up $0.65 during mid-day trading on Tuesday, hitting $46.73. 210,400 shares of the company traded hands, compared to its average volume of 300,156. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.79 and a quick ratio of 1.32. Apogee Enterprises has a fifty-two week low of $40.03 and a fifty-two week high of $61.00. The firm has a market capitalization of $1,327.94, a P/E ratio of 16.81, a PEG ratio of 1.53 and a beta of 1.62.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly 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). Apogee Enterprises had a net margin of 6.24% and a return on equity of 17.99%. The business had revenue of $356.50 million during the quarter, compared to analyst estimates of $373.35 million. During the same quarter last year, the company posted $0.78 earnings per share. The company’s revenue was up 30.1% on a year-over-year basis. equities research analysts anticipate that Apogee Enterprises will post 3.05 earnings per share for the current fiscal year.

Apogee Enterprises declared that its board has approved a stock buyback plan on Tuesday, January 9th that allows the company to repurchase 1,000,000 outstanding shares. This repurchase authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Tuesday, January 30th will be paid a $0.1575 dividend. The ex-dividend date of this dividend is Monday, January 29th. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.14. This represents a $0.63 annualized dividend and a dividend yield of 1.35%. Apogee Enterprises’s dividend payout ratio is 20.14%.

A number of institutional investors have recently made changes to their positions in APOG. Ladenburg Thalmann Financial Services Inc. grew its stake in Apogee Enterprises by 79.4% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,486 shares of the industrial products company’s stock worth $120,000 after buying an additional 1,100 shares in the last quarter. Riverhead Capital Management LLC grew its stake in Apogee Enterprises by 99.8% during the second quarter. Riverhead Capital Management LLC now owns 2,398 shares of the industrial products company’s stock worth $136,000 after buying an additional 1,198 shares in the last quarter. Flinton Capital Management LLC grew its stake in Apogee Enterprises by 80.0% during the second quarter. Flinton Capital Management LLC now owns 3,060 shares of the industrial products company’s stock worth $174,000 after buying an additional 1,360 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Apogee Enterprises during the third quarter worth about $190,000. Finally, Advisor Group Inc. grew its stake in Apogee Enterprises by 76.9% during the second quarter. Advisor Group Inc. now owns 3,444 shares of the industrial products company’s stock worth $195,000 after buying an additional 1,497 shares in the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

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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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