Apogee Enterprises, Inc. $APOG Shares Sold by Martingale Asset Management L P

Key Points

• Martingale Asset Management L P reduced its stake in Apogee Enterprises by 46.4%, selling 19,750 shares in the first quarter, and now owns 22,824 shares valued at approximately $1,057,000.
• Wall Street analysts have recently lowered their ratings and price target for Apogee, with DA Davidson adjusting the price target from $47.00 to $45.00, indicating a "neutral" outlook.
• Apogee Enterprises reported a quarterly EPS of $0.56, surpassing analyst estimates, and reported an annual dividend of $1.04 with a yield of 2.3%.

Martingale Asset Management L P lessened its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 46.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,824 shares of the industrial products company's stock after selling 19,750 shares during the period. Martingale Asset Management L P owned about 0.11% of Apogee Enterprises worth $1,057,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of APOG. Bridgeway Capital Management LLC bought a new position in Apogee Enterprises in the fourth quarter worth approximately $5,535,000. American Century Companies Inc. raised its stake in Apogee Enterprises by 9.9% in the first quarter. American Century Companies Inc. now owns 760,821 shares of the industrial products company's stock worth $35,249,000 after buying an additional 68,682 shares in the last quarter. Segall Bryant & Hamill LLC grew its holdings in Apogee Enterprises by 9.3% in the first quarter. Segall Bryant & Hamill LLC now owns 723,988 shares of the industrial products company's stock worth $33,542,000 after purchasing an additional 61,430 shares during the last quarter. Nuveen LLC purchased a new position in Apogee Enterprises in the first quarter worth $2,567,000. Finally, CX Institutional purchased a new position in Apogee Enterprises in the first quarter worth $2,498,000. Institutional investors own 94.05% of the company's stock.

Apogee Enterprises Stock Performance

NASDAQ:APOG traded down $0.20 during mid-day trading on Thursday, hitting $44.11. The company's stock had a trading volume of 54,753 shares, compared to its average volume of 237,300. Apogee Enterprises, Inc. has a 1 year low of $37.53 and a 1 year high of $87.93. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.77 and a quick ratio of 1.36. The stock has a market cap of $949.69 million, a price-to-earnings ratio of 18.84 and a beta of 1.00. The business's fifty day moving average is $42.17 and its two-hundred day moving average is $43.40.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last posted its quarterly earnings results on Friday, June 27th. The industrial products company reported $0.56 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $326.08 million. During the same period in the prior year, the company earned $1.44 earnings per share. The firm's revenue was up 4.6% on a year-over-year basis. Apogee Enterprises has set its FY 2026 guidance at 3.800-4.200 EPS. Analysts anticipate that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. DA Davidson cut their price target on shares of Apogee Enterprises from $47.00 to $45.00 and set a "neutral" rating on the stock in a report on Tuesday, July 1st. Wall Street Zen lowered shares of Apogee Enterprises from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $45.00.

About Apogee Enterprises

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).