Apogee Enterprises, Inc. $APOG Shares Sold by Northern Trust Corp

Northern Trust Corp reduced its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 0.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 276,298 shares of the industrial products company’s stock after selling 1,644 shares during the quarter. Northern Trust Corp owned approximately 1.29% of Apogee Enterprises worth $12,801,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in APOG. Public Employees Retirement System of Ohio acquired a new stake in shares of Apogee Enterprises in the 4th quarter valued at about $42,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Apogee Enterprises in the 1st quarter valued at about $44,000. Envestnet Asset Management Inc. acquired a new stake in shares of Apogee Enterprises in the 4th quarter valued at about $228,000. Brevan Howard Capital Management LP boosted its position in shares of Apogee Enterprises by 16.2% in the 4th quarter. Brevan Howard Capital Management LP now owns 3,683 shares of the industrial products company’s stock valued at $263,000 after purchasing an additional 514 shares during the period. Finally, State of Wyoming boosted its position in shares of Apogee Enterprises by 33.5% in the 4th quarter. State of Wyoming now owns 4,248 shares of the industrial products company’s stock valued at $303,000 after purchasing an additional 1,065 shares during the period. 94.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. DA Davidson decreased their target price 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 cut Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $45.00.

Apogee Enterprises Stock Up 3.6%

Apogee Enterprises stock opened at $43.79 on Friday. Apogee Enterprises, Inc. has a twelve month low of $37.53 and a twelve month high of $87.93. The stock has a 50 day moving average of $42.73 and a two-hundred day moving average of $43.13. The company has a current ratio of 1.77, a quick ratio of 1.36 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $942.80 million, a price-to-earnings ratio of 18.71 and a beta of 1.05.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data 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. Apogee Enterprises had a return on equity of 17.79% and a net margin of 3.73%.The company had revenue of $346.62 million during the quarter, compared to analysts’ expectations of $326.08 million. During the same period last year, the firm earned $1.44 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. Apogee Enterprises has set its FY 2026 guidance at 3.800-4.200 EPS. As a group, research analysts expect that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Wednesday, July 16th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, July 16th. Apogee Enterprises’s dividend payout ratio is 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).