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Apogee Enterprises (NASDAQ:APOG - Get Rating) issued its earnings results on Tuesday. The industrial products company reported $1.06 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.23, Briefing.com reports. Apogee Enterprises had a return on equity of 17.91% and a net margin of 1.15%. The firm had revenue of $372.10 million for the quarter, compared to the consensus estimate of $342.84 million. During the same quarter in the prior year, the business earned $0.53 earnings per share. The company's revenue was up 14.2% compared to the same quarter last year. Apogee Enterprises updated its FY 2023 guidance to $3.75-$4.05 EPS and its FY23 guidance to $3.75-4.05 EPS.Apogee Enterprises Stock Performance

NASDAQ APOG opened at $41.42 on Wednesday. The stock has a market capitalization of $917.74 million, a price-to-earnings ratio of 60.03 and a beta of 1.07. Apogee Enterprises has a twelve month low of $33.88 and a twelve month high of $50.44. The company has a current ratio of 1.79, a quick ratio of 1.32 and a debt-to-equity ratio of 0.80. The stock has a 50-day moving average of $41.31 and a 200 day moving average of $42.74. Apogee Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 27th. Investors of record on Tuesday, July 12th were issued a $0.22 dividend. The ex-dividend date was Monday, July 11th. This represents a $0.88 dividend on an annualized basis and a yield of 2.12%. Apogee Enterprises's payout ratio is 127.54%. Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. StockNews.com upgraded Apogee Enterprises from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, September 14th. TheStreet raised Apogee Enterprises from a "c+" rating to a "b-" rating in a report on Thursday, June 23rd. Finally, Craig Hallum reduced their price target on Apogee Enterprises from $47.00 to $43.00 and set a "hold" rating for the company in a report on Friday, June 24th.Insider Buying and Selling

In other Apogee Enterprises news, SVP Gary Robert Johnson sold 2,187 shares of the stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $40.00, for a total transaction of $87,480.00. Following the completion of the transaction, the senior vice president now owns 36,600 shares of the company's stock, valued at $1,464,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Apogee Enterprises news, insider Brent C. Jewell sold 1,313 shares of the stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $37.88, for a total transaction of $49,736.44. Following the completion of the transaction, the insider now owns 23,111 shares of the company's stock, valued at $875,444.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Gary Robert Johnson sold 2,187 shares of the stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $40.00, for a total value of $87,480.00. Following the transaction, the senior vice president now directly owns 36,600 shares of the company's stock, valued at approximately $1,464,000. The disclosure for this sale can be found here. 1.82% of the stock is currently owned by insiders. Hedge Funds Weigh In On Apogee Enterprises

Hedge funds have recently made changes to their positions in the company. Stonebridge Capital Advisors LLC acquired a new position in shares of Apogee Enterprises during the first quarter valued at approximately $47,000. Point72 Hong Kong Ltd raised its holdings in shares of Apogee Enterprises by 35.1% during the first quarter. Point72 Hong Kong Ltd now owns 1,300 shares of the industrial products company's stock valued at $62,000 after acquiring an additional 338 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of Apogee Enterprises by 79.2% in the first quarter. Captrust Financial Advisors now owns 2,090 shares of the industrial products company's stock valued at $99,000 after purchasing an additional 924 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Apogee Enterprises in the second quarter valued at approximately $337,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Apogee Enterprises by 10.3% in the second quarter. Envestnet Asset Management Inc. now owns 9,561 shares of the industrial products company's stock valued at $375,000 after purchasing an additional 892 shares during the last quarter. Institutional investors and hedge funds own 89.95% of the company's stock. Apogee Enterprises Company Profile (Get Rating)

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.Featured ArticlesGet a free copy of the StockNews.com research report on Apogee Enterprises (APOG)3 Airline Stocks Stuck in a Holding PatternRoku Stock is Down but Not Out If You’re Hungry for Value, Take a Bite on Ruth's Hospitality GrpIs Ford Rolling To A Rebound After Its Q3 Warning Has AMD stock stock fallen too far?

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