Apogee Enterprises, Inc. (NASDAQ:APOG) to Issue $0.27 Quarterly Dividend

Apogee Enterprises, Inc. (NASDAQ:APOG) declared a quarterly dividend on Thursday, June 25th. Stockholders 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) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Tuesday, July 14th.

Apogee Enterprises has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 14 years. Apogee Enterprises has a payout ratio of 26.8% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

NASDAQ:APOG traded up $0.52 during midday trading on Thursday, reaching $42.48. The stock had a trading volume of 279,083 shares, compared to its average volume of 265,037. Apogee Enterprises has a 1-year low of $30.75 and a 1-year high of $49.99. The firm’s fifty day simple moving average is $37.35 and its 200-day simple moving average is $37.20. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.65 and a quick ratio of 1.28. The stock has a market capitalization of $906.95 million, a P/E ratio of 16.86, a PEG ratio of 1.22 and a beta of 1.18.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Friday, April 24th. The industrial products company reported $0.92 EPS 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 company had revenue of $351.35 million for the quarter, compared to the consensus estimate of $335.98 million. During the same period in the previous year, the business posted $0.89 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. On average, equities research analysts forecast that Apogee Enterprises will post 2.88 EPS for the current fiscal year.

Institutional Trading of Apogee Enterprises

Several large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its holdings in Apogee Enterprises by 38.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,065 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 296 shares during the last quarter. Man Group plc raised its stake in shares of Apogee Enterprises by 7.1% in the second quarter. Man Group plc now owns 6,267 shares of the industrial products company’s stock worth $254,000 after acquiring an additional 418 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of Apogee Enterprises by 11.5% in the second quarter. Lazard Asset Management LLC now owns 5,212 shares of the industrial products company’s stock worth $210,000 after acquiring an additional 537 shares during the last quarter. Hantz Financial Services Inc. lifted its position in shares of Apogee Enterprises by 79.5% during the fourth quarter. Hantz Financial Services Inc. now owns 1,255 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 556 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Apogee Enterprises by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,992 shares of the industrial products company’s stock worth $602,000 after purchasing an additional 556 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

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.