Apogee Enterprises (NASDAQ:APOG) Shares Gap Up After Earnings Beat

Key Points

• Shares gapped up after a better-than-expected quarter, opening at $39.00 vs a prior close of $35.59 and trading up roughly 8.1% intraday.
• Earnings and revenue beat: Apogee reported $0.92 EPS vs $0.88 expected and revenue of $351.35M vs $335.98M, and set FY2027 guidance of 2.700–3.250 EPS.
• The company announced a quarterly dividend of $0.27 per share (annualized $1.08, ~2.8% yield), with an ex-dividend date of May 13 and payment on May 28.

Shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Get Free Report) gapped up before the market opened on Friday following a better than expected earnings announcement. The stock had previously closed at $35.59, but opened at $39.00. Apogee Enterprises shares last traded at $38.3650, with a volume of 27,513 shares changing hands.

The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.04. Apogee Enterprises had a net margin of 2.86% and a return on equity of 15.02%. The firm had revenue of $351.35 million for the quarter, compared to analyst estimates of $335.98 million. During the same quarter last year, the business earned $0.89 earnings per share. Apogee Enterprises's revenue was up 1.6% compared to the same quarter last year. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS.

Apogee Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Wednesday, May 13th will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, May 13th. This represents a $1.08 dividend on an annualized basis and a yield of 2.8%. Apogee Enterprises's dividend payout ratio (DPR) is 58.38%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on APOG. DA Davidson set a $46.00 target price on shares of Apogee Enterprises in a research report on Friday, January 9th. Zacks Research upgraded shares of Apogee Enterprises from a "strong sell" rating to a "hold" rating in a research report on Monday, March 16th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Apogee Enterprises in a research note on Monday. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Apogee Enterprises currently has a consensus rating of "Hold" and a consensus target price of $70.50.

Hedge Funds Weigh In On Apogee Enterprises

Hedge funds have recently made changes to their positions in the stock. Allianz Asset Management GmbH boosted its holdings in shares of Apogee Enterprises by 35.6% in the 3rd quarter. Allianz Asset Management GmbH now owns 269,011 shares of the industrial products company's stock valued at $11,721,000 after purchasing an additional 70,626 shares during the last quarter. Deprince Race & Zollo Inc. raised its stake in shares of Apogee Enterprises by 70.3% in the 4th quarter. Deprince Race & Zollo Inc. now owns 852,351 shares of the industrial products company's stock valued at $31,034,000 after acquiring an additional 351,923 shares during the period. American Century Companies Inc. lifted its holdings in shares of Apogee Enterprises by 3.9% during the 3rd quarter. American Century Companies Inc. now owns 825,322 shares of the industrial products company's stock valued at $35,959,000 after acquiring an additional 31,090 shares in the last quarter. TrueMark Investments LLC acquired a new position in shares of Apogee Enterprises during the 3rd quarter valued at $6,335,000. Finally, Segall Bryant & Hamill LLC boosted its position in Apogee Enterprises by 3.4% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 957,102 shares of the industrial products company's stock worth $41,701,000 after purchasing an additional 31,461 shares during the period. Institutional investors and hedge funds own 94.05% of the company's stock.

Apogee Enterprises Trading Up 8.1%

The stock has a market capitalization of $827.70 million, a PE ratio of 20.63, a PEG ratio of 0.97 and a beta of 1.12. The company has a current ratio of 1.90, a quick ratio of 1.45 and a debt-to-equity ratio of 0.50. The business's 50-day moving average is $35.86 and its two-hundred day moving average is $37.02.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.