Apogee Enterprises (NASDAQ:APOG) Posts Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Apogee Enterprises (NASDAQ:APOG - Get Free Report) posted its quarterly earnings data on Friday. The industrial products company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.11, Zacks reports. Apogee Enterprises had a net margin of 3.73% and a return on equity of 17.79%. The business had revenue of $346.62 million during the quarter, compared to analyst estimates of $326.08 million. During the same quarter in the previous year, the business posted $1.44 earnings per share. The company's revenue was up 4.6% on a year-over-year basis. Apogee Enterprises updated its FY 2026 guidance to 3.800-4.200 EPS.

Apogee Enterprises Stock Down 3.3%

APOG stock traded down $1.39 during trading on Monday, reaching $40.60. The stock had a trading volume of 1,081,991 shares, compared to its average volume of 204,049. Apogee Enterprises has a 1-year low of $37.53 and a 1-year high of $87.93. The firm has a fifty day moving average price of $39.97 and a 200 day moving average price of $48.74. 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 company has a market capitalization of $875.74 million, a P/E ratio of 17.35 and a beta of 0.97.

Apogee Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Wednesday, July 16th will be paid a $0.26 dividend. The ex-dividend date is Wednesday, July 16th. This represents a $1.04 annualized dividend and a dividend yield of 2.56%. Apogee Enterprises's dividend payout ratio (DPR) is presently 26.80%.

Hedge Funds Weigh In On Apogee Enterprises

Several institutional investors and hedge funds have recently made changes to their positions in the business. Millennium Management LLC lifted its holdings in Apogee Enterprises by 1,074.3% in the first quarter. Millennium Management LLC now owns 320,220 shares of the industrial products company's stock worth $14,836,000 after purchasing an additional 292,952 shares during the period. Jane Street Group LLC raised its holdings in Apogee Enterprises by 120.3% in the 1st quarter. Jane Street Group LLC now owns 79,281 shares of the industrial products company's stock worth $3,673,000 after acquiring an additional 43,297 shares during the period. AQR Capital Management LLC increased its position in Apogee Enterprises by 24.0% during the first quarter. AQR Capital Management LLC now owns 59,999 shares of the industrial products company's stock worth $2,780,000 after acquiring an additional 11,608 shares during the period. Royal Bank of Canada grew its holdings in shares of Apogee Enterprises by 40.3% during the 1st quarter. Royal Bank of Canada now owns 8,515 shares of the industrial products company's stock worth $395,000 after purchasing an additional 2,447 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in 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 buying an additional 556 shares during the period. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Apogee Enterprises from a "buy" rating to a "hold" rating in a research report on Friday, April 25th.

About Apogee Enterprises

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).