Sei Investments Co. increased its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG – Free Report) by 99.8% in the 1st quarter, HoldingsChannel reports. The firm owned 61,565 shares of the industrial products company’s stock after purchasing an additional 30,748 shares during the period. Sei Investments Co.’s holdings in Apogee Enterprises were worth $2,065,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of APOG. Deprince Race & Zollo Inc. raised its position in Apogee Enterprises by 70.3% in the 4th quarter. Deprince Race & Zollo Inc. now owns 852,351 shares of the industrial products company’s stock valued at $31,034,000 after purchasing an additional 351,923 shares in the last quarter. Millennium Management LLC increased its stake in shares of Apogee Enterprises by 1,074.3% during the first 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 during the period. Federated Hermes Inc. increased its stake in shares of Apogee Enterprises by 524.3% during the fourth quarter. Federated Hermes Inc. now owns 228,361 shares of the industrial products company’s stock worth $8,315,000 after buying an additional 191,783 shares during the period. Vanguard Group Inc. raised its holdings 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 valued at $95,657,000 after acquiring an additional 166,402 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Apogee Enterprises by 103.2% in the fourth quarter. Russell Investments Group Ltd. now owns 216,607 shares of the industrial products company’s stock valued at $7,887,000 after acquiring an additional 110,023 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.
Analyst Ratings Changes
APOG has been the subject of several analyst reports. Zacks Research upgraded shares of Apogee Enterprises from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Weiss Ratings raised shares of Apogee Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. Finally, Wall Street Zen upgraded shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $70.50.
Apogee Enterprises Price Performance
APOG stock opened at $43.52 on Monday. The company has a current ratio of 1.76, a quick ratio of 1.34 and a debt-to-equity ratio of 0.46. Apogee Enterprises, Inc. has a twelve month low of $30.75 and a twelve month high of $50.88. The company’s 50 day moving average is $40.56 and its two-hundred day moving average is $38.02. The stock has a market cap of $908.18 million, a P/E ratio of 13.64, a PEG ratio of 1.23 and a beta of 1.15.
Apogee Enterprises (NASDAQ:APOG – Get Free Report) last issued its earnings results on Friday, June 26th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.14. The business had revenue of $342.68 million during the quarter, compared to analysts’ expectations of $333.84 million. Apogee Enterprises had a net margin of 4.88% and a return on equity of 14.72%. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.13) EPS. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. Research analysts expect that Apogee Enterprises, Inc. will post 2.96 earnings per share for the current fiscal year.
Apogee Enterprises Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Tuesday, July 14th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.5%. The ex-dividend date was Tuesday, July 14th. Apogee Enterprises’s dividend payout ratio is currently 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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