Apogee Enterprises, Inc. $APOG Shares Bought by Grace & White Inc. NY

Key Points

• Grace & White Inc. NY increased its stake in Apogee Enterprises by 20.6% to own approximately 0.44% of the company, valued at $3.8 million as of the second quarter.
• Apogee Enterprises recently announced a quarterly dividend of $0.26 per share, scheduled to be paid on November 13th, with a dividend yield of 2.6%.
• The company reported a significant earnings beat with an EPS of $0.98, exceeding estimates by $0.14, and a 4.6% revenue increase compared to the same quarter last year.

Grace & White Inc. NY raised its stake in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 20.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 93,656 shares of the industrial products company's stock after acquiring an additional 16,000 shares during the quarter. Grace & White Inc. NY owned approximately 0.44% of Apogee Enterprises worth $3,802,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. SummerHaven Investment Management LLC raised its holdings in shares of Apogee Enterprises by 2.2% in the first quarter. SummerHaven Investment Management LLC now owns 13,185 shares of the industrial products company's stock worth $611,000 after acquiring an additional 282 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Apogee Enterprises by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,992 shares of the industrial products company's stock valued at $602,000 after purchasing an additional 556 shares during the last quarter. Johnson Investment Counsel Inc. increased its stake in 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 purchasing an additional 663 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Apogee Enterprises by 5.6% in the second quarter. State of Alaska Department of Revenue now owns 12,850 shares of the industrial products company's stock valued at $521,000 after purchasing an additional 686 shares during the last quarter. Finally, Foundry Partners LLC increased its stake in Apogee Enterprises by 1.4% in the first quarter. Foundry Partners LLC now owns 52,710 shares of the industrial products company's stock valued at $2,442,000 after purchasing an additional 712 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Apogee Enterprises Price Performance

APOG stock opened at $39.60 on Friday. The stock has a 50-day moving average price of $43.14 and a two-hundred day moving average price of $42.32. Apogee Enterprises, Inc. has a 12-month low of $37.53 and a 12-month high of $87.93. The company has a current ratio of 1.77, a quick ratio of 1.36 and a debt-to-equity ratio of 0.65. The company has a market cap of $852.59 million, a PE ratio of 19.41 and a beta of 1.06.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last posted its quarterly earnings results on Thursday, October 9th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.14. Apogee Enterprises had a return on equity of 15.79% and a net margin of 3.19%.The firm had revenue of $358.19 million during the quarter, compared to the consensus estimate of $350.91 million. During the same quarter in the previous year, the business earned $1.44 earnings per share. The firm's quarterly revenue was up 4.6% compared to the same quarter last year. Apogee Enterprises has set its FY 2026 guidance at 3.600-3.900 EPS. As a group, research analysts predict that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Wednesday, October 29th will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, October 29th. This represents a $1.04 annualized dividend and a dividend yield of 2.6%. Apogee Enterprises's dividend payout ratio is presently 44.44%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wall Street Zen upgraded Apogee Enterprises from a "hold" rating to a "buy" rating in a research note on Saturday. Weiss Ratings reiterated a "hold (c-)" rating on shares of Apogee Enterprises in a research note on Wednesday. Finally, DA Davidson dropped their target price on Apogee Enterprises from $47.00 to $45.00 and set a "neutral" rating for the company in a research note on Tuesday, July 1st. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average 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).

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