Vanguard Group Inc. Trims Holdings in Apogee Enterprises, Inc. $APOG

Vanguard Group Inc. lessened its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 1.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,062,454 shares of the industrial products company’s stock after selling 50,309 shares during the period. Vanguard Group Inc. owned about 14.30% of Apogee Enterprises worth $141,883,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of APOG. Public Employees Retirement System of Ohio purchased a new position in Apogee Enterprises during the 4th quarter valued at about $42,000. Financial Gravity Asset Management Inc. bought a new stake in Apogee Enterprises during the 1st quarter valued at approximately $44,000. Johnson Investment Counsel Inc. boosted its position in Apogee Enterprises by 16.7% during the 1st quarter. Johnson Investment Counsel Inc. now owns 4,633 shares of the industrial products company’s stock valued at $215,000 after acquiring an additional 663 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in Apogee Enterprises during the 4th quarter valued at approximately $228,000. Finally, Tower Research Capital LLC TRC boosted its position in Apogee Enterprises by 60.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,672 shares of the industrial products company’s stock valued at $262,000 after acquiring an additional 1,385 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

APOG has been the topic of several research reports. DA Davidson cut their price objective on Apogee Enterprises from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 1st. Wall Street Zen cut Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.00.

Apogee Enterprises Stock Performance

Shares of APOG opened at $42.64 on Thursday. The company has a quick ratio of 1.36, a current ratio of 1.77 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average price is $41.59 and its 200-day moving average price is $43.60. Apogee Enterprises, Inc. has a 52 week low of $37.53 and a 52 week high of $87.93. The stock has a market cap of $918.04 million, a P/E ratio of 18.22 and a beta of 1.00.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Friday, June 27th. The industrial products company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.11. Apogee Enterprises had a return on equity of 17.79% and a net margin of 3.73%.The firm had revenue of $346.62 million for the quarter, compared to analysts’ expectations of $326.08 million. During the same period in the previous year, the firm posted $1.44 EPS. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. Apogee Enterprises has set its FY 2026 guidance at 3.800-4.200 EPS. Equities research analysts anticipate that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Wednesday, July 16th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Wednesday, July 16th. Apogee Enterprises’s payout ratio is presently 44.44%.

About Apogee Enterprises

Apogee Enterprises, Inc provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical (LSO).