Peregrine Capital Management LLC bought a new stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG – Free Report) in the first quarter, Holdings Channel reports. The fund bought 95,190 shares of the industrial products company’s stock, valued at approximately $3,193,000.
Several other large investors also recently modified their holdings of APOG. Royal Bank of Canada grew its holdings in Apogee Enterprises by 40.3% during the first quarter. Royal Bank of Canada now owns 8,515 shares of the industrial products company’s stock valued at $395,000 after purchasing an additional 2,447 shares during the period. AQR Capital Management LLC raised its stake in shares of Apogee Enterprises by 24.0% in the first quarter. AQR Capital Management LLC now owns 59,999 shares of the industrial products company’s stock valued at $2,780,000 after buying an additional 11,608 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Apogee Enterprises by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,992 shares of the industrial products company’s stock valued at $602,000 after buying an additional 556 shares during the last quarter. Millennium Management LLC lifted its position 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 valued at $14,836,000 after buying an additional 292,952 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Apogee Enterprises by 120.3% during the 1st quarter. Jane Street Group LLC now owns 79,281 shares of the industrial products company’s stock worth $3,673,000 after acquiring an additional 43,297 shares during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the company. Zacks Research raised Apogee Enterprises from a “strong sell” rating to a “hold” rating in a report on Friday, June 12th. Wall Street Zen upgraded shares of Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 27th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Apogee Enterprises in a research note on Monday, April 20th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $70.50.
Apogee Enterprises Price Performance
Shares of NASDAQ:APOG opened at $40.57 on Friday. Apogee Enterprises, Inc. has a 12 month low of $30.75 and a 12 month high of $50.88. The company has a 50 day moving average of $38.30 and a 200 day moving average of $37.41. The company has a current ratio of 1.76, a quick ratio of 1.34 and a debt-to-equity ratio of 0.46. The stock has a market cap of $846.70 million, a P/E ratio of 12.72, a P/E/G ratio of 1.24 and a beta of 1.13.
Apogee Enterprises (NASDAQ:APOG – Get Free Report) last released its quarterly earnings results on Friday, June 26th. The industrial products company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.14. Apogee Enterprises had a return on equity of 14.72% and a net margin of 4.88%.The firm had revenue of $342.68 million for the quarter, compared to analysts’ expectations of $333.84 million. During the same quarter last year, the firm posted ($0.13) EPS. The company’s revenue was down 1.1% compared to the same quarter last year. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. As a group, sell-side analysts forecast that Apogee Enterprises, Inc. will post 2.94 EPS for the current fiscal year.
Apogee Enterprises Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 29th. Stockholders of record on Tuesday, July 14th will be given a dividend of $0.27 per share. The ex-dividend date is Tuesday, July 14th. This represents a $1.08 annualized dividend and a dividend yield of 2.7%. Apogee Enterprises’s dividend payout ratio (DPR) is 33.86%.
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.
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