Ritholtz Wealth Management Sells 16,784 Shares of Apogee Enterprises, Inc. $APOG

Ritholtz Wealth Management lessened its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 57.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,268 shares of the industrial products company’s stock after selling 16,784 shares during the period. Ritholtz Wealth Management owned approximately 0.06% of Apogee Enterprises worth $535,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Millennium Management LLC raised its holdings in shares of Apogee Enterprises by 1,074.3% during the 1st quarter. Millennium Management LLC now owns 320,220 shares of the industrial products company’s stock worth $14,836,000 after buying an additional 292,952 shares in the last quarter. Deprince Race & Zollo Inc. grew its position in Apogee Enterprises by 97.1% in the third quarter. Deprince Race & Zollo Inc. now owns 500,428 shares of the industrial products company’s stock valued at $21,804,000 after acquiring an additional 246,529 shares during the last quarter. Segall Bryant & Hamill LLC raised its stake in Apogee Enterprises by 27.9% during the second quarter. Segall Bryant & Hamill LLC now owns 925,641 shares of the industrial products company’s stock worth $37,581,000 after acquiring an additional 201,653 shares in the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of Apogee Enterprises by 55.5% in the second quarter. Qube Research & Technologies Ltd now owns 243,566 shares of the industrial products company’s stock worth $9,889,000 after acquiring an additional 86,971 shares during the last quarter. Finally, CX Institutional lifted its holdings in shares of Apogee Enterprises by 120.7% in the second quarter. CX Institutional now owns 119,022 shares of the industrial products company’s stock worth $4,832,000 after acquiring an additional 65,096 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Apogee Enterprises Trading Up 0.9%

Shares of NASDAQ APOG opened at $37.24 on Wednesday. The firm has a 50 day moving average price of $36.72 and a two-hundred day moving average price of $39.85. The stock has a market cap of $801.03 million, a P/E ratio of 20.13 and a beta of 1.08. Apogee Enterprises, Inc. has a 52-week low of $30.75 and a 52-week high of $58.35. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.45 and a current ratio of 1.90.

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

Apogee Enterprises Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 18th. Stockholders of record on Tuesday, February 3rd will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.9%. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.26. The ex-dividend date is Tuesday, February 3rd. Apogee Enterprises’s dividend payout ratio is 56.22%.

Analysts Set New Price Targets

Several brokerages recently issued reports on APOG. Stephens started coverage on shares of Apogee Enterprises in a report on Tuesday, December 16th. They set an “overweight” rating and a $95.00 price target on the stock. Wall Street Zen upgraded shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. DA Davidson set a $46.00 price target on Apogee Enterprises in a research note on Friday, January 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Apogee Enterprises in a research report on Thursday, October 30th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Apogee Enterprises presently has a consensus rating of “Moderate Buy” and an average target price of $70.50.

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.