AlphaQuest LLC Boosts Stock Holdings in Apogee Enterprises, Inc. $APOG

Key Points

• AlphaQuest LLC increased its stake in Apogee Enterprises by an astonishing 6,919.2% during the 1st quarter, owning approximately 12,775 shares valued at $592,000.
• Several hedge funds are modifying their positions in Apogee, with over 94.05% of the stock currently held by institutional investors.
• Apogee reported a quarterly earnings per share of $0.56, exceeding estimates, and announced a quarterly dividend of $0.26 with a dividend yield of 2.3%.

AlphaQuest LLC grew its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 6,919.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,775 shares of the industrial products company's stock after buying an additional 12,593 shares during the quarter. AlphaQuest LLC owned 0.06% of Apogee Enterprises worth $592,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Assenagon Asset Management S.A. acquired a new position in shares of Apogee Enterprises during the first quarter valued at about $691,000. SG Americas Securities LLC acquired a new position in shares of Apogee Enterprises during the first quarter valued at about $280,000. Janney Montgomery Scott LLC lifted its position in shares of Apogee Enterprises by 18.5% during the first quarter. Janney Montgomery Scott LLC now owns 29,914 shares of the industrial products company's stock valued at $1,386,000 after purchasing an additional 4,680 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Apogee Enterprises by 6.7% during the fourth quarter. Bank of America Corp DE now owns 103,804 shares of the industrial products company's stock valued at $7,413,000 after purchasing an additional 6,529 shares in the last quarter. Finally, Johnson Investment Counsel Inc. lifted its position in shares of Apogee Enterprises by 16.7% during the first quarter. Johnson Investment Counsel Inc. now owns 4,633 shares of the industrial products company's stock valued at $215,000 after purchasing an additional 663 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on APOG shares. DA Davidson dropped their price target on shares of Apogee Enterprises from $47.00 to $45.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 1st. Wall Street Zen lowered shares of Apogee Enterprises from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $45.00.

Apogee Enterprises Stock Performance

APOG stock traded down $0.12 during mid-day trading on Friday, hitting $43.97. The company had a trading volume of 146,489 shares, compared to its average volume of 237,134. The firm has a market cap of $946.67 million, a PE ratio of 18.79 and a beta of 1.00. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.36 and a current ratio of 1.77. Apogee Enterprises, Inc. has a 12 month low of $37.53 and a 12 month high of $87.93. The stock's fifty day moving average price is $42.30 and its two-hundred day moving average price is $43.36.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last announced its quarterly earnings data on Friday, June 27th. The industrial products company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.45 by $0.11. The business had revenue of $346.62 million for the quarter, compared to analyst estimates of $326.08 million. Apogee Enterprises had a net margin of 3.73% and a return on equity of 17.79%. The company's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.44 earnings per share. Apogee Enterprises has set its FY 2026 guidance at 3.800-4.200 EPS. On average, analysts forecast that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Wednesday, July 16th were paid a $0.26 dividend. The ex-dividend date was Wednesday, July 16th. This represents a $1.04 annualized dividend and a dividend yield of 2.4%. Apogee Enterprises's dividend payout ratio (DPR) is presently 44.44%.

Apogee Enterprises Company Profile

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).