Invesco Ltd. Sells 249,930 Shares of Apogee Enterprises, Inc. $APOG

Invesco Ltd. trimmed its stake in Apogee Enterprises, Inc. (NASDAQ:APOG) by 56.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 192,489 shares of the industrial products company’s stock after selling 249,930 shares during the period. Invesco Ltd. owned about 0.90% of Apogee Enterprises worth $8,918,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. bought a new stake in Apogee Enterprises in the first quarter valued at $691,000. SG Americas Securities LLC bought a new stake in Apogee Enterprises in the first quarter valued at $280,000. Janney Montgomery Scott LLC grew its position in Apogee Enterprises by 18.5% in the first quarter. Janney Montgomery Scott LLC now owns 29,914 shares of the industrial products company’s stock valued at $1,386,000 after acquiring an additional 4,680 shares during the period. Bank of America Corp DE grew its position in Apogee Enterprises by 6.7% in the fourth quarter. Bank of America Corp DE now owns 103,804 shares of the industrial products company’s stock valued at $7,413,000 after acquiring an additional 6,529 shares during the period. Finally, Johnson Investment Counsel Inc. grew its position in Apogee Enterprises by 16.7% in the first 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 during the period. 94.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. DA Davidson cut their price objective on Apogee Enterprises from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Tuesday, July 1st. Wall Street Zen downgraded Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $45.00.

Apogee Enterprises Trading Up 6.3%

APOG stock opened at $45.19 on Monday. The company has a market cap of $972.94 million, a P/E ratio of 19.31 and a beta of 1.00. Apogee Enterprises, Inc. has a twelve month low of $37.53 and a twelve month high of $87.93. 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 has a fifty day moving average of $41.78 and a 200-day moving average of $43.43.

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

Apogee Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Wednesday, July 16th were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, July 16th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.3%. Apogee Enterprises’s payout ratio is presently 44.44%.

Apogee Enterprises Company Profile

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).