American Century Companies Inc. Increases Holdings in Apogee Enterprises, Inc. $APOG

Key Points

• American Century Companies Inc. increased its stake in Apogee Enterprises by 9.9%, owning 760,821 shares valued at approximately $35.25 million.
• Apogee reported earnings of $0.56 per share, exceeding estimates, with quarterly revenue of $346.62 million, reflecting a year-over-year growth of 4.6%.
• Apogee Enterprises declared a quarterly dividend of $0.26 per share, with a current dividend yield of 2.4% and a payout ratio of 44.44%.

American Century Companies Inc. increased its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 9.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 760,821 shares of the industrial products company's stock after buying an additional 68,682 shares during the period. American Century Companies Inc. owned 3.55% of Apogee Enterprises worth $35,249,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Apogee Enterprises in the fourth quarter worth $42,000. Financial Gravity Asset Management Inc. purchased a new stake in shares of Apogee Enterprises in the first quarter worth $44,000. Envestnet Asset Management Inc. purchased a new stake in shares of Apogee Enterprises in the fourth quarter worth $228,000. Tower Research Capital LLC TRC raised its position in shares of Apogee Enterprises by 60.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,672 shares of the industrial products company's stock worth $262,000 after buying an additional 1,385 shares in the last quarter. Finally, Brevan Howard Capital Management LP raised 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 buying an additional 514 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company's stock.

Analysts Set New Price Targets

APOG has been the topic of a number of research analyst reports. DA Davidson reduced their target price on Apogee Enterprises from $47.00 to $45.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 1st. Wall Street Zen cut Apogee Enterprises from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $45.00.

Apogee Enterprises Stock Down 0.1%

Shares of APOG stock traded down $0.03 during trading hours on Wednesday, hitting $44.31. 91,645 shares of the company's stock traded hands, compared to its average volume of 133,464. The stock has a market cap of $953.99 million, a price-to-earnings ratio of 18.94 and a beta of 1.00. The company has a quick ratio of 1.36, a current ratio of 1.77 and a debt-to-equity ratio of 0.65. The stock's fifty day simple moving average is $42.17 and its two-hundred day simple moving average is $43.40. Apogee Enterprises, Inc. has a 12-month low of $37.53 and a 12-month high of $87.93.

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

Apogee Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Wednesday, July 16th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Wednesday, July 16th. Apogee Enterprises's payout ratio is presently 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).