Apogee Enterprises (NASDAQ:APOG - Get Free Report) issued its quarterly earnings results on Thursday. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.14, Zacks reports. Apogee Enterprises had a return on equity of 17.79% and a net margin of 3.73%.Apogee Enterprises's quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the firm earned $1.44 EPS. Apogee Enterprises updated its FY 2026 guidance to 3.600-3.900 EPS.
Apogee Enterprises Stock Down 4.3%
Shares of Apogee Enterprises stock traded down $1.88 on Thursday, reaching $41.44. 548,280 shares of the company were exchanged, compared to its average volume of 217,430. The stock's 50 day moving average price is $43.16 and its 200-day moving average price is $42.38. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.77 and a quick ratio of 1.36. Apogee Enterprises has a 1-year low of $37.53 and a 1-year high of $87.93. The company has a market cap of $892.20 million, a P/E ratio of 17.71 and a beta of 1.06.
Institutional Investors Weigh In On Apogee Enterprises
Several hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Apogee Enterprises by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,992 shares of the industrial products company's stock valued at $602,000 after purchasing an additional 556 shares during the period. Russell Investments Group Ltd. lifted its stake in Apogee Enterprises by 221.9% in the second quarter. Russell Investments Group Ltd. now owns 13,800 shares of the industrial products company's stock valued at $560,000 after buying an additional 9,513 shares during the last quarter. Vident Advisory LLC boosted its holdings in shares of Apogee Enterprises by 15.1% in the second quarter. Vident Advisory LLC now owns 11,351 shares of the industrial products company's stock valued at $461,000 after acquiring an additional 1,485 shares during the period. Sei Investments Co. grew its position in shares of Apogee Enterprises by 79.2% during the second quarter. Sei Investments Co. now owns 10,276 shares of the industrial products company's stock worth $417,000 after acquiring an additional 4,542 shares during the last quarter. Finally, Gabelli Funds LLC purchased a new stake in Apogee Enterprises in the 2nd quarter valued at $415,000. Institutional investors and hedge funds own 94.05% of the company's stock.
Analysts Set New Price Targets
Several research firms recently issued reports on APOG. Weiss Ratings restated a "hold (c-)" rating on shares of Apogee Enterprises in a research report on Wednesday. Wall Street Zen lowered shares of Apogee Enterprises from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. Finally, DA Davidson lowered 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. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $45.00.
Read Our Latest Report on Apogee Enterprises
Apogee Enterprises Company Profile
(
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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).
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