UBS Group AG cut its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG – Free Report) by 42.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 124,929 shares of the industrial products company’s stock after selling 91,885 shares during the period. UBS Group AG’s holdings in Apogee Enterprises were worth $4,549,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in APOG. Deprince Race & Zollo Inc. lifted its stake in Apogee Enterprises by 70.3% in the fourth quarter. Deprince Race & Zollo Inc. now owns 852,351 shares of the industrial products company’s stock worth $31,034,000 after purchasing an additional 351,923 shares during the last quarter. Millennium Management LLC lifted its stake 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 last quarter. Vanguard Group Inc. lifted its stake in Apogee Enterprises by 6.8% in the fourth quarter. Vanguard Group Inc. now owns 2,627,223 shares of the industrial products company’s stock worth $95,657,000 after purchasing an additional 166,402 shares during the last quarter. TrueMark Investments LLC bought a new stake in Apogee Enterprises in the third quarter worth $6,335,000. Finally, Russell Investments Group Ltd. lifted its stake in Apogee Enterprises by 672.3% in the third quarter. Russell Investments Group Ltd. now owns 106,584 shares of the industrial products company’s stock worth $4,644,000 after purchasing an additional 92,784 shares during the last quarter. 94.05% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Apogee Enterprises in a research note on Monday, April 20th. Zacks Research downgraded shares of Apogee Enterprises from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $70.50.
Apogee Enterprises Stock Performance
Shares of NASDAQ:APOG opened at $35.88 on Friday. The company has a market cap of $766.04 million, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 1.03 and a beta of 1.17. The company has a 50-day moving average price of $34.70 and a 200-day moving average price of $36.56. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45. Apogee Enterprises, Inc. has a 12 month low of $30.75 and a 12 month high of $49.99.
Apogee Enterprises (NASDAQ:APOG – Get Free Report) last issued its quarterly earnings data on Friday, April 24th. The industrial products company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. The firm had revenue of $351.35 million during the quarter, compared to the consensus estimate of $335.98 million. Apogee Enterprises had a net margin of 3.85% and a return on equity of 14.89%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 earnings per share. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. As a group, equities analysts anticipate that Apogee Enterprises, Inc. will post 2.85 EPS for the current year.
Apogee Enterprises Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Wednesday, May 13th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, May 13th. Apogee Enterprises’s dividend payout ratio is 42.86%.
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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