Apogee Enterprises (NASDAQ:APOG) Receives “Hold (C)” Rating from Weiss Ratings

Weiss Ratings restated their hold (c) rating on shares of Apogee Enterprises (NASDAQ:APOG) in a research note published on Thursday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded Apogee Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Apogee Enterprises currently has an average rating of “Hold” and a consensus price target of $45.00.

Apogee Enterprises Price Performance

APOG stock opened at $36.46 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.76 and a debt-to-equity ratio of 0.54. Apogee Enterprises has a 52-week low of $36.40 and a 52-week high of $87.93. The stock’s 50 day moving average is $41.99 and its two-hundred day moving average is $41.54. The company has a market capitalization of $784.25 million, a PE ratio of 17.87 and a beta of 1.06.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data on Thursday, October 9th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.14. Apogee Enterprises had a return on equity of 15.76% and a net margin of 3.19%.The company had revenue of $358.19 million for the quarter, compared to the consensus estimate of $350.91 million. During the same period in the previous year, the business earned $1.44 EPS. Apogee Enterprises’s revenue for the quarter was up 4.6% compared to the same quarter last year. Apogee Enterprises has set its FY 2026 guidance at 3.600-3.900 EPS. Analysts predict that Apogee Enterprises will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Wednesday, October 29th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Wednesday, October 29th. Apogee Enterprises’s payout ratio is currently 50.98%.

Hedge Funds Weigh In On Apogee Enterprises

A number of hedge funds have recently added to or reduced their stakes in APOG. Millennium Management LLC boosted its holdings in Apogee Enterprises by 1,074.3% in the first quarter. Millennium Management LLC now owns 320,220 shares of the industrial products company’s stock worth $14,836,000 after purchasing an additional 292,952 shares during the period. Deprince Race & Zollo Inc. boosted its position in Apogee Enterprises by 97.1% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 500,428 shares of the industrial products company’s stock valued at $21,804,000 after purchasing an additional 246,529 shares during the period. Segall Bryant & Hamill LLC boosted its position in Apogee Enterprises by 27.9% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 925,641 shares of the industrial products company’s stock valued at $37,581,000 after purchasing an additional 201,653 shares during the period. TrueMark Investments LLC acquired a new position in Apogee Enterprises during the 3rd quarter valued at approximately $6,335,000. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in Apogee Enterprises by 103.2% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 193,150 shares of the industrial products company’s stock valued at $8,949,000 after purchasing an additional 98,080 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

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).