Apogee Enterprises, Inc. Declares Quarterly Dividend of $0.27 (NASDAQ:APOG)

Apogee Enterprises, Inc. (NASDAQ:APOG) declared a quarterly dividend on Thursday, June 25th. Shareholders of record on Tuesday, July 14th will be given a dividend of 0.27 per share by the industrial products company on Wednesday, July 29th. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, July 14th.

Apogee Enterprises has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 14 years. Apogee Enterprises has a dividend payout ratio of 26.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Apogee Enterprises to earn $3.70 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 29.2%.

Apogee Enterprises Trading Up 1.2%

Shares of APOG stock opened at $42.48 on Friday. The firm has a 50-day moving average price of $37.35 and a 200 day moving average price of $37.20. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $906.95 million, a price-to-earnings ratio of 16.86, a PEG ratio of 1.22 and a beta of 1.18. Apogee Enterprises has a twelve month low of $30.75 and a twelve month high of $49.99.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Friday, April 24th. The industrial products company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.03. Apogee Enterprises had a return on equity of 14.89% and a net margin of 3.85%.The firm had revenue of $351.35 million for the quarter, compared to the consensus estimate of $335.98 million. During the same period in the prior year, the business posted $0.89 earnings per share. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. Research analysts forecast that Apogee Enterprises will post 2.88 earnings per share for the current fiscal year.

Institutional Trading of Apogee Enterprises

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in Apogee Enterprises by 6.8% during the fourth quarter. Vanguard Group Inc. now owns 2,627,223 shares of the industrial products company’s stock valued at $95,657,000 after acquiring an additional 166,402 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Apogee Enterprises by 7.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,063,485 shares of the industrial products company’s stock worth $35,668,000 after purchasing an additional 78,200 shares during the last quarter. Segall Bryant & Hamill LLC raised its holdings in Apogee Enterprises by 3.4% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 957,102 shares of the industrial products company’s stock valued at $41,701,000 after acquiring an additional 31,461 shares in the last quarter. Deprince Race & Zollo Inc. increased its holdings in Apogee Enterprises by 70.3% in the 4th quarter. Deprince Race & Zollo Inc. now owns 852,351 shares of the industrial products company’s stock valued at $31,034,000 after buying an additional 351,923 shares during the period. Finally, State Street Corp raised its holdings in shares of Apogee Enterprises by 1.8% in the 4th quarter. State Street Corp now owns 833,781 shares of the industrial products company’s stock worth $30,358,000 after buying an additional 14,673 shares in the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

About Apogee Enterprises

Apogee Enterprises, Inc is a diversified manufacturer and distributor of value-added architectural products and services. The company specializes in the design, fabrication and installation of high-performance glass, framing systems, curtain walls, skylights and other building envelope solutions. Its operations span three primary platforms—Architectural Framing Systems, Architectural Glass and Architectural Services—enabling Apogee to deliver complete, integrated façade systems for new construction, renovation and retrofit projects.

Headquartered in Minneapolis, Minnesota, Apogee traces its roots to the mid-20th century and today serves commercial, institutional and residential markets across North America and Europe.