Allianz Asset Management GmbH Has $11.72 Million Stock Position in Apogee Enterprises, Inc. $APOG

Allianz Asset Management GmbH grew its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 35.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 269,011 shares of the industrial products company’s stock after purchasing an additional 70,626 shares during the period. Allianz Asset Management GmbH owned about 1.25% of Apogee Enterprises worth $11,721,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Gravity Companies Inc. bought a new stake in shares of Apogee Enterprises in the 2nd quarter valued at approximately $38,000. Raymond James Financial Inc. acquired a new stake in Apogee Enterprises in the second quarter valued at approximately $38,000. BNP Paribas Financial Markets grew its position in Apogee Enterprises by 45.9% in the second quarter. BNP Paribas Financial Markets now owns 2,174 shares of the industrial products company’s stock worth $88,000 after acquiring an additional 684 shares in the last quarter. CWM LLC increased its stake in shares of Apogee Enterprises by 98.1% during the 2nd quarter. CWM LLC now owns 2,451 shares of the industrial products company’s stock worth $100,000 after purchasing an additional 1,214 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Apogee Enterprises by 396.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,569 shares of the industrial products company’s stock worth $145,000 after purchasing an additional 2,850 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Apogee Enterprises Stock Up 2.9%

APOG stock opened at $41.79 on Monday. Apogee Enterprises, Inc. has a twelve month low of $30.75 and a twelve month high of $52.10. The company has a quick ratio of 1.45, a current ratio of 1.90 and a debt-to-equity ratio of 0.50. The company has a market cap of $898.90 million, a PE ratio of 22.59 and a beta of 1.11. The business’s 50-day simple moving average is $37.81 and its 200 day simple moving average is $39.52.

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

Apogee Enterprises Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 18th. Shareholders of record on Tuesday, February 3rd will be issued a $0.27 dividend. This is a boost from Apogee Enterprises’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Tuesday, February 3rd. This represents a $1.08 annualized dividend and a yield of 2.6%. Apogee Enterprises’s payout ratio is presently 58.38%.

Apogee Enterprises 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.