Cubist Systematic Strategies LLC Acquires 31,588 Shares of Apogee Enterprises, Inc. $APOG

Key Points

• Cubist Systematic Strategies LLC increased its stake in Apogee Enterprises by 207.3%, holding approximately 46,827 shares valued at $2.17 million as of the latest reporting period.
• Apogee Enterprises reported a quarterly earnings per share of $0.56, exceeding estimates, with a revenue of $346.62 million for the quarter, marking a 4.6% year-over-year increase.
• The company declared a quarterly dividend of $0.26, with an annual yield of 2.4%, indicating a dividend payout ratio of 44.44%.

Cubist Systematic Strategies LLC raised its stake in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 207.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,827 shares of the industrial products company's stock after buying an additional 31,588 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.22% of Apogee Enterprises worth $2,170,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of APOG. Public Employees Retirement System of Ohio bought a new position in shares of Apogee Enterprises in the fourth quarter valued at $42,000. Financial Gravity Asset Management Inc. bought a new position in shares of Apogee Enterprises in the first quarter valued at $44,000. Quarry LP increased its holdings in shares of Apogee Enterprises by 3,991.1% in the first quarter. Quarry LP now owns 1,841 shares of the industrial products company's stock valued at $85,000 after buying an additional 1,796 shares in the last quarter. Johnson Investment Counsel Inc. increased its holdings in shares of Apogee Enterprises by 16.7% in the first quarter. Johnson Investment Counsel Inc. now owns 4,633 shares of the industrial products company's stock valued at $215,000 after buying an additional 663 shares in the last quarter. Finally, Entropy Technologies LP bought a new position in shares of Apogee Enterprises in the first quarter valued at $255,000. Institutional investors own 94.05% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. DA Davidson dropped their price target on 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 raised shares of Apogee Enterprises from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Apogee Enterprises currently has an average rating of "Moderate Buy" and a consensus target price of $45.00.

Apogee Enterprises Stock Down 4.0%

Shares of NASDAQ APOG traded down $1.76 during mid-day trading on Friday, reaching $41.93. The company had a trading volume of 97,647 shares, compared to its average volume of 115,229. Apogee Enterprises, Inc. has a twelve month low of $37.53 and a twelve month high of $87.93. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.36 and a current ratio of 1.77. The stock has a market capitalization of $902.75 million, a PE ratio of 17.92 and a beta of 1.05. The stock's 50 day moving average is $42.77 and its 200-day moving average is $42.88.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $346.62 million for the quarter, compared to the consensus estimate of $326.08 million. During the same period in the prior year, the business posted $1.44 earnings per share. Apogee Enterprises's revenue for the quarter was up 4.6% compared to the same quarter last year. Apogee Enterprises has set its FY 2026 guidance at 3.800-4.200 EPS. As a group, equities analysts anticipate that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Dividend Announcement

The business also recently declared 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 of this dividend was Wednesday, July 16th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.5%. Apogee Enterprises's dividend payout ratio is 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).