Apogee Enterprises, Inc. (NASDAQ:APOG) announced a quarterly dividend on Wednesday, January 13th, Zacks reports. Shareholders of record on Monday, February 1st will be paid a dividend of 0.20 per share by the industrial products company on Tuesday, February 16th. This represents a $0.80 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Friday, January 29th. This is a boost from Apogee Enterprises’s previous quarterly dividend of $0.19.
Apogee Enterprises has raised its dividend by 33.9% over the last three years.
Apogee Enterprises stock opened at $37.01 on Thursday. The stock’s 50 day moving average price is $30.86 and its 200 day moving average price is $24.98. Apogee Enterprises has a 1-year low of $13.77 and a 1-year high of $37.83. The company has a market cap of $962.56 million, a PE ratio of 13.97 and a beta of 1.22. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.63 and a quick ratio of 1.28.
In other Apogee Enterprises news, Director Bernard P. Aldrich sold 20,000 shares of the business’s stock in a transaction dated Wednesday, December 23rd. The shares were sold at an average price of $32.51, for a total value of $650,200.00. Following the transaction, the director now directly owns 15,652 shares in the company, valued at $508,846.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.10% of the company’s stock.
APOG has been the subject of a number of research reports. ValuEngine lowered Apogee Enterprises from a “hold” rating to a “sell” rating in a research report on Monday, December 21st. DA Davidson boosted their price objective on shares of Apogee Enterprises from $20.00 to $25.00 in a research report on Friday, September 18th. TheStreet upgraded shares of Apogee Enterprises from a “c” rating to a “b-” rating in a research note on Thursday, October 22nd. BidaskClub raised shares of Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 18th. Finally, Craig Hallum upped their price target on shares of Apogee Enterprises from $31.00 to $39.00 and gave the stock a “buy” rating in a research note on Monday, December 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. Apogee Enterprises has an average rating of “Buy” and a consensus price target of $25.50.
About Apogee Enterprises
Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass window; curtain wall; storefront; and entrance systems, such as the outside skin and entrances of commercial, institutional, and multi-family residential buildings.
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