Apogee Enterprises, Inc. (NASDAQ:APOG) Plans Dividend Increase – $0.27 Per Share

Apogee Enterprises, Inc. (NASDAQ:APOG) announced a quarterly dividend on Thursday, January 15th. Shareholders 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) dividend on an annualized basis 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 by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Apogee Enterprises has a dividend payout ratio of 25.8% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

Shares of APOG stock traded up $1.16 during mid-day trading on Thursday, reaching $36.70. The stock had a trading volume of 235,165 shares, compared to its average volume of 362,347. Apogee Enterprises has a 1-year low of $30.75 and a 1-year high of $58.35. The firm has a market cap of $789.42 million, a price-to-earnings ratio of 19.84 and a beta of 1.08. The company has a current ratio of 1.90, a quick ratio of 1.45 and a debt-to-equity ratio of 0.50. The business’s fifty day moving average is $36.51 and its 200-day moving average is $40.02.

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

Hedge Funds Weigh In On Apogee Enterprises

Institutional investors have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. boosted its position in shares of Apogee Enterprises by 477.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 699 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 578 shares during the last quarter. Financial Gravity Companies Inc. purchased a new position in Apogee Enterprises during the second quarter worth about $38,000. Raymond James Financial Inc. acquired a new position in Apogee Enterprises in the 2nd quarter valued at about $38,000. McElhenny Sheffield Capital Management LLC acquired a new position in Apogee Enterprises in the 2nd quarter valued at about $86,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Apogee Enterprises by 46.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,996 shares of the industrial products company’s stock valued at $87,000 after buying an additional 637 shares during the period. Hedge funds and other 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.