Apogee Enterprises, Inc. (APOG) To Go Ex-Dividend on February 3rd

Apogee Enterprises, Inc. (NASDAQ:APOG) announced a quarterly dividend on Wednesday, January 14th. Investors of record on Tuesday, February 3rd will be paid a dividend of 0.27 per share by the industrial products company on Wednesday, February 18th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, February 3rd. This is a 3.8% increase from Apogee Enterprises’s previous quarterly dividend of $0.26.

Apogee Enterprises has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 14 consecutive years. Apogee Enterprises has a payout ratio of 25.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Apogee Enterprises to earn $4.43 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 23.5%.

Apogee Enterprises Trading Up 3.3%

Apogee Enterprises stock opened at $36.70 on Friday. Apogee Enterprises has a one year low of $30.75 and a one year high of $58.35. The business’s fifty day moving average is $36.55 and its 200 day moving average is $40.00. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.90 and a quick ratio of 1.45. The stock has a market capitalization of $789.42 million, a PE ratio of 19.84 and a beta of 1.08.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings results on Wednesday, January 7th. The industrial products company reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.01). Apogee Enterprises had a net margin of 2.86% and a return on equity of 15.02%. The firm had revenue of $348.56 million for the quarter, compared to the consensus estimate of $355.29 million. During the same period in the previous year, the company earned $1.19 earnings per share. Apogee Enterprises’s quarterly revenue was up 2.1% compared to the same quarter last year. Apogee Enterprises has set its FY 2026 guidance at 3.4-3.500 EPS. On average, sell-side analysts predict that Apogee Enterprises will post 4.97 EPS for the current year.

Analyst Ratings Changes

APOG has been the topic of a number of research reports. Stephens assumed coverage on shares of Apogee Enterprises in a report on Tuesday, December 16th. They issued an “overweight” rating and a $95.00 price target on the stock. DA Davidson set a $46.00 price objective on Apogee Enterprises in a research report on Friday, January 9th. Wall Street Zen upgraded Apogee Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Apogee Enterprises in a report on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Apogee Enterprises has an average rating of “Moderate Buy” and an average target price of $70.50.

Apogee Enterprises Company Profile

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.