AlphaQuest LLC Boosts 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 position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 6,919.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,775 shares of the industrial products company's stock after purchasing an additional 12,593 shares during the period. AlphaQuest LLC owned 0.06% of Apogee Enterprises worth $592,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. SummerHaven Investment Management LLC boosted its stake in shares of Apogee Enterprises by 2.2% during the 1st quarter. SummerHaven Investment Management LLC now owns 13,185 shares of the industrial products company's stock worth $611,000 after purchasing an additional 282 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Apogee Enterprises by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,436 shares of the industrial products company's stock worth $888,000 after acquiring an additional 412 shares during the last quarter. Brevan Howard Capital Management LP boosted its position in shares of Apogee Enterprises by 16.2% in the fourth quarter. Brevan Howard Capital Management LP now owns 3,683 shares of the industrial products company's stock worth $263,000 after acquiring an additional 514 shares during the last quarter. LPL Financial LLC boosted its position in shares of Apogee Enterprises by 14.6% in the fourth quarter. LPL Financial LLC now owns 4,253 shares of the industrial products company's stock worth $304,000 after acquiring an additional 541 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Apogee Enterprises in the fourth quarter worth approximately $42,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on APOG shares. Wall Street Zen cut shares of Apogee Enterprises from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. DA Davidson decreased their target price 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. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Apogee Enterprises presently has an average rating of "Moderate Buy" and a consensus price target of $45.00.

Apogee Enterprises Trading Down 0.3%

APOG stock traded down $0.12 during midday trading on Friday, reaching $43.97. 146,489 shares of the company's stock traded hands, compared to its average volume of 121,435. The company has a market capitalization of $946.67 million, a P/E ratio of 18.79 and a beta of 1.05. 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, Inc. has a fifty-two week low of $37.53 and a fifty-two week high of $87.93. The business has a 50-day moving average price of $42.42 and a two-hundred day moving average price of $43.22.

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

Apogee Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Wednesday, July 16th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, July 16th. Apogee Enterprises's payout ratio is 44.44%.

Apogee Enterprises 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).