Apogee Enterprises (NASDAQ:APOG) Upgraded at Singular Research

Singular Research upgraded shares of Apogee Enterprises (NASDAQ:APOG - Free Report) to a moderate buy rating in a report released on Tuesday,Zacks.com reports.

Other equities analysts have also issued research reports about the company. DA Davidson decreased their target price on Apogee Enterprises from $75.00 to $62.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Sidoti raised shares of Apogee Enterprises from a "neutral" rating to a "buy" rating in a research report on Friday, January 10th. Finally, StockNews.com cut shares of Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a report on Thursday, January 9th.

Apogee Enterprises Trading Up 3.4 %

NASDAQ:APOG traded up $1.82 on Tuesday, reaching $54.86. The company's stock had a trading volume of 332,086 shares, compared to its average volume of 439,018. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 11.55 and a beta of 1.04. The company has a quick ratio of 1.32, a current ratio of 1.65 and a debt-to-equity ratio of 0.12. Apogee Enterprises has a 12-month low of $49.58 and a 12-month high of $87.93. The stock has a 50 day moving average price of $75.95 and a 200 day moving average price of $70.67.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last announced its earnings results on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.08. The company had revenue of $341.30 million during the quarter, compared to analyst estimates of $332.27 million. Apogee Enterprises had a net margin of 7.58% and a return on equity of 24.12%. Apogee Enterprises's revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.23 earnings per share. On average, equities analysts anticipate that Apogee Enterprises will post 5.06 EPS for the current fiscal year.

Apogee Enterprises Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Tuesday, January 28th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.90%. This is a positive change from Apogee Enterprises's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, January 28th. Apogee Enterprises's dividend payout ratio (DPR) is presently 23.21%.

Institutional Trading of Apogee Enterprises

A number of hedge funds and other institutional investors have recently bought and sold shares of APOG. Texas Permanent School Fund Corp raised its position in shares of Apogee Enterprises by 32.7% during the 2nd quarter. Texas Permanent School Fund Corp now owns 25,648 shares of the industrial products company's stock worth $1,612,000 after acquiring an additional 6,319 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Apogee Enterprises by 23.2% during the 2nd quarter. American Century Companies Inc. now owns 528,769 shares of the industrial products company's stock worth $33,225,000 after buying an additional 99,495 shares during the last quarter. WINTON GROUP Ltd boosted its holdings in shares of Apogee Enterprises by 7.7% in the 2nd quarter. WINTON GROUP Ltd now owns 12,180 shares of the industrial products company's stock valued at $765,000 after buying an additional 870 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Apogee Enterprises by 1,004.1% in the 2nd quarter. Renaissance Technologies LLC now owns 72,683 shares of the industrial products company's stock valued at $4,567,000 after buying an additional 66,100 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Apogee Enterprises during the 2nd quarter worth $573,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical (LSO).