Apogee Enterprises, Inc. $APOG Shares Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS raised its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG) by 12.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,200 shares of the industrial products company’s stock after buying an additional 1,700 shares during the period. KLP Kapitalforvaltning AS owned about 0.07% of Apogee Enterprises worth $617,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SummerHaven Investment Management LLC grew its holdings in shares of Apogee Enterprises by 2.4% during the second quarter. SummerHaven Investment Management LLC now owns 13,496 shares of the industrial products company’s stock worth $548,000 after purchasing an additional 311 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Apogee Enterprises by 5.6% during the second quarter. State of Alaska Department of Revenue now owns 12,850 shares of the industrial products company’s stock worth $521,000 after purchasing an additional 686 shares during the last quarter. Profit Investment Management LLC purchased a new position in shares of Apogee Enterprises during the second quarter worth about $1,274,000. CX Institutional grew its holdings in shares of Apogee Enterprises by 120.7% during the second quarter. CX Institutional now owns 119,022 shares of the industrial products company’s stock worth $4,832,000 after purchasing an additional 65,096 shares during the last quarter. Finally, Moody National Bank Trust Division grew its holdings in shares of Apogee Enterprises by 31.1% during the second quarter. Moody National Bank Trust Division now owns 30,865 shares of the industrial products company’s stock worth $1,253,000 after purchasing an additional 7,329 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on APOG. DA Davidson dropped their price objective on Apogee Enterprises from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday, July 1st. Wall Street Zen raised Apogee Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Apogee Enterprises in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $45.00.

Apogee Enterprises Price Performance

Shares of APOG opened at $38.00 on Friday. Apogee Enterprises, Inc. has a twelve month low of $37.25 and a twelve month high of $87.93. The stock’s 50 day moving average is $42.84 and its two-hundred day moving average is $42.02. The firm has a market capitalization of $817.38 million, a PE ratio of 18.63 and a beta of 1.06. The company has a current ratio of 1.76, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings data on Thursday, October 9th. The industrial products company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.14. Apogee Enterprises had a return on equity of 15.76% and a net margin of 3.19%.The company had revenue of $358.19 million for the quarter, compared to analyst estimates of $350.91 million. During the same quarter in the previous year, the company earned $1.44 EPS. The firm’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 3.600-3.900 EPS. Research analysts anticipate that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Wednesday, October 29th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Wednesday, October 29th. Apogee Enterprises’s dividend payout ratio (DPR) is presently 50.98%.

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).