American Century Companies Inc. Raises Stake in Apogee Enterprises, Inc. $APOG

American Century Companies Inc. increased its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 3.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 825,322 shares of the industrial products company’s stock after buying an additional 31,090 shares during the period. American Century Companies Inc. owned about 3.84% of Apogee Enterprises worth $35,959,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allianz Asset Management GmbH lifted its holdings in Apogee Enterprises by 35.6% in the third quarter. Allianz Asset Management GmbH now owns 269,011 shares of the industrial products company’s stock valued at $11,721,000 after acquiring an additional 70,626 shares during the period. Segall Bryant & Hamill LLC increased its holdings in Apogee Enterprises by 27.9% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 925,641 shares of the industrial products company’s stock valued at $37,581,000 after acquiring an additional 201,653 shares in the last quarter. CSM Advisors LLC purchased a new stake in Apogee Enterprises during the 2nd quarter worth about $1,712,000. Deprince Race & Zollo Inc. boosted its holdings in shares of Apogee Enterprises by 97.1% during the third quarter. Deprince Race & Zollo Inc. now owns 500,428 shares of the industrial products company’s stock worth $21,804,000 after purchasing an additional 246,529 shares during the last quarter. Finally, AXQ Capital LP acquired a new stake in shares of Apogee Enterprises during the second quarter worth $445,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Apogee Enterprises Stock Down 3.6%

Shares of NASDAQ APOG opened at $35.25 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.45 and a current ratio of 1.90. The stock has a market capitalization of $758.23 million, a P/E ratio of 19.05 and a beta of 1.09. Apogee Enterprises, Inc. has a 52 week low of $30.75 and a 52 week high of $49.99. The stock’s fifty day moving average is $38.43 and its 200 day moving average is $39.26.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings results on Wednesday, January 7th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.01). The company had revenue of $348.56 million for the quarter, compared to analyst estimates of $355.29 million. Apogee Enterprises had a return on equity of 15.02% and a net margin of 2.86%.The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company posted $1.19 earnings per share. Apogee Enterprises has set its FY 2026 guidance at 3.4-3.500 EPS. Sell-side analysts forecast that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Investors of record on Tuesday, February 3rd were paid a dividend of $0.27 per share. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Tuesday, February 3rd. This represents a $1.08 dividend on an annualized basis and a yield of 3.1%. Apogee Enterprises’s dividend payout ratio (DPR) is currently 58.38%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on APOG. DA Davidson set a $46.00 target price on Apogee Enterprises in a report on Friday, January 9th. Stephens assumed coverage on Apogee Enterprises in a report on Tuesday, December 16th. They set an “overweight” rating and a $95.00 price target on the stock. Zacks Research lowered Apogee Enterprises from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Wall Street Zen upgraded shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings lowered shares of Apogee Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $70.50.

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.