Apogee Enterprises (NASDAQ:APOG) Announces Quarterly Earnings Results

Apogee Enterprises (NASDAQ:APOG) released its quarterly earnings data on Thursday. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.17, Briefing.com reports. Apogee Enterprises had a net margin of 7.03% and a return on equity of 23.84%. The company had revenue of $361.80 million during the quarter, compared to the consensus estimate of $337.84 million. During the same period in the previous year, the firm earned $0.86 earnings per share. Apogee Enterprises’s revenue for the quarter was up 5.1% on a year-over-year basis. Apogee Enterprises updated its FY 2025 guidance to 4.350-4.750 EPS and its FY25 guidance to $4.35-4.75 EPS.

Apogee Enterprises Trading Down 3.2 %

APOG traded down $1.89 during trading on Friday, hitting $57.95. 225,972 shares of the company’s stock were exchanged, compared to its average volume of 105,769. The firm has a market cap of $1.28 billion, a P/E ratio of 12.85 and a beta of 1.10. The stock has a 50 day moving average price of $57.19 and a 200 day moving average price of $51.73. The company has a current ratio of 1.47, a quick ratio of 1.28 and a debt-to-equity ratio of 0.13. Apogee Enterprises has a 1 year low of $36.62 and a 1 year high of $62.99.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its stake in shares of Apogee Enterprises by 9.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 142,872 shares of the industrial products company’s stock valued at $7,631,000 after purchasing an additional 12,117 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Apogee Enterprises by 5.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 22,344 shares of the industrial products company’s stock valued at $1,194,000 after purchasing an additional 1,174 shares during the period. Barclays PLC boosted its stake in shares of Apogee Enterprises by 82.0% in the fourth quarter. Barclays PLC now owns 54,722 shares of the industrial products company’s stock valued at $2,923,000 after purchasing an additional 24,652 shares during the period. Vanguard Group Inc. boosted its stake in shares of Apogee Enterprises by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 3,097,343 shares of the industrial products company’s stock valued at $165,429,000 after purchasing an additional 53,484 shares during the period. Finally, Voloridge Investment Management LLC boosted its stake in shares of Apogee Enterprises by 33.3% in the fourth quarter. Voloridge Investment Management LLC now owns 40,668 shares of the industrial products company’s stock valued at $2,172,000 after purchasing an additional 10,151 shares during the period. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

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 installs custom glass and aluminum windows, curtainwalls, storefront, and entrance systems for the exterior of buildings primarily in the commercial, institutional, and multi-family residential construction sectors.