Walleye Capital LLC acquired a new position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 55,738 shares of the industrial products company’s stock, valued at approximately $2,549,000.
Several other hedge funds also recently modified their holdings of APOG. Parallel Advisors LLC bought a new position in shares of Apogee Enterprises in the first quarter valued at approximately $30,000. PNC Financial Services Group Inc. grew its position in Apogee Enterprises by 38.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,065 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 296 shares during the last quarter. Raymond James Financial Inc. bought a new position in Apogee Enterprises in the 2nd quarter valued at $38,000. Meeder Asset Management Inc. bought a new position in Apogee Enterprises in the 1st quarter valued at $41,000. Finally, Hantz Financial Services Inc. boosted its stake in Apogee Enterprises by 79.5% in the fourth quarter. Hantz Financial Services Inc. now owns 1,255 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 556 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.
Analyst Ratings Changes
APOG has been the topic of several research analyst reports. Weiss Ratings upgraded Apogee Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 2nd. Zacks Research upgraded shares of Apogee Enterprises from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Finally, Wall Street Zen raised shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $70.50.
Apogee Enterprises Stock Up 0.0%
Shares of APOG opened at $42.58 on Friday. The business’s fifty day moving average price is $41.06 and its two-hundred day moving average price is $38.17. The firm has a market capitalization of $888.64 million, a price-to-earnings ratio of 13.35, a PEG ratio of 1.20 and a beta of 1.15. Apogee Enterprises, Inc. has a 52 week low of $30.75 and a 52 week high of $50.88. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.34 and a current ratio of 1.76.
Apogee Enterprises (NASDAQ:APOG – Get Free Report) last released its earnings results on Friday, June 26th. The industrial products company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.14. Apogee Enterprises had a return on equity of 14.72% and a net margin of 4.88%.The company had revenue of $342.68 million during the quarter, compared to the consensus estimate of $333.84 million. During the same quarter in the previous year, the company posted ($0.13) earnings per share. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. On average, analysts predict that Apogee Enterprises, Inc. will post 2.96 earnings per share for the current year.
Apogee Enterprises Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Tuesday, July 14th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Tuesday, July 14th. Apogee Enterprises’s payout ratio is currently 33.86%.
Apogee Enterprises Company Profile
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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