Empowered Funds LLC bought a new stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 79,640 shares of the industrial products company's stock, valued at approximately $3,643,000. Empowered Funds LLC owned 0.38% of Apogee Enterprises at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC bought a new position in Apogee Enterprises in the first quarter worth approximately $30,000. PNC Financial Services Group Inc. grew its position in shares of Apogee Enterprises by 38.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,065 shares of the industrial products company's stock valued at $36,000 after acquiring an additional 296 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Apogee Enterprises during the 2nd quarter valued at $38,000. Quantbot Technologies LP purchased a new stake in shares of Apogee Enterprises in the 2nd quarter worth $39,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Apogee Enterprises in the 1st quarter worth $41,000. 94.05% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages recently commented on APOG. Weiss Ratings raised Apogee Enterprises from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, August 19th. Wall Street Zen raised Apogee Enterprises from a "hold" rating to a "buy" rating in a report on Saturday, July 25th. Finally, Zacks Research upgraded Apogee Enterprises from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Apogee Enterprises presently has a consensus rating of "Buy" and a consensus target price of $70.50.
Check Out Our Latest Stock Analysis on APOG
Apogee Enterprises Stock Performance
APOG opened at $37.59 on Wednesday. The firm has a market cap of $784.50 million, a P/E ratio of 11.78, a PEG ratio of 1.10 and a beta of 1.14. Apogee Enterprises, Inc. has a 1-year low of $30.75 and a 1-year high of $50.88. The company has a 50 day simple moving average of $41.26 and a two-hundred day simple moving average of $38.25. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.76 and a quick ratio of 1.34.
Apogee Enterprises (NASDAQ:APOG - Get Free Report) last announced its quarterly earnings data on Friday, June 26th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.14. Apogee Enterprises had a net margin of 4.88% and a return on equity of 14.72%. The firm had revenue of $342.68 million during the quarter, compared to analysts' expectations of $333.84 million. During the same period in the prior year, the company posted ($0.13) earnings per share. The company's revenue for the quarter was down 1.1% compared to the same quarter last year. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. Equities analysts forecast that Apogee Enterprises, Inc. will post 2.96 earnings per share for the current fiscal year.
Apogee Enterprises Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Tuesday, July 14th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Tuesday, July 14th. Apogee Enterprises's dividend payout ratio is presently 33.86%.
Apogee Enterprises Company Profile
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Free Report)
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.
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