Quantinno Capital Management LP raised its position in Apogee Enterprises, Inc. (NASDAQ:APOG – Free Report) by 126.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,519 shares of the industrial products company’s stock after acquiring an additional 14,788 shares during the quarter. Quantinno Capital Management LP’s holdings in Apogee Enterprises were worth $889,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Millennium Management LLC lifted its position 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 purchasing an additional 292,952 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of Apogee Enterprises by 524.3% in the fourth quarter. Federated Hermes Inc. now owns 228,361 shares of the industrial products company’s stock valued at $8,315,000 after purchasing an additional 191,783 shares during the period. Vanguard Group Inc. grew its holdings in shares of 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 purchasing an additional 166,402 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of 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 purchasing an additional 110,023 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Apogee Enterprises by 40.1% during the 4th quarter. JPMorgan Chase & Co. now owns 382,321 shares of the industrial products company’s stock worth $13,920,000 after buying an additional 109,352 shares during the period. 94.05% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. Weiss Ratings upgraded shares of 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 note on Tuesday, July 21st. Finally, Wall Street Zen raised Apogee Enterprises from a “hold” rating to a “buy” rating in a research 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $70.50.
Apogee Enterprises Stock Performance
Shares of Apogee Enterprises stock opened at $42.58 on Monday. Apogee Enterprises, Inc. has a one year low of $30.75 and a one year high of $50.88. The company has a market cap of $888.64 million, a PE ratio of 13.35, a P/E/G ratio of 1.20 and a beta of 1.15. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.34 and a current ratio of 1.76. The business has a 50-day simple moving average of $41.06 and a 200-day simple moving average of $38.16.
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. The firm had revenue of $342.68 million for the quarter, compared to analyst estimates of $333.84 million. Apogee Enterprises had a net margin of 4.88% and a return on equity of 14.72%. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.13) earnings per share. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. On average, equities research analysts forecast that Apogee Enterprises, Inc. will post 2.96 EPS for the current fiscal year.
Apogee Enterprises Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Tuesday, July 14th were given a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.5%. Apogee Enterprises’s dividend 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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