Intech Investment Management LLC Boosts Stock Holdings in Apogee Enterprises, Inc. $APOG

Key Points

• Intech Investment Management LLC increased its shares in Apogee Enterprises by 24.1% during the first quarter, owning approximately 0.50% of the company valued at $5,032,000.
• Apogee Enterprises reported earnings of $0.56 per share for the last quarter, exceeding the consensus estimate, with revenues rising 4.6% compared to the same period last year.
• The company declared a quarterly dividend of $0.26, yielding 2.5%, and has set its FY 2026 EPS guidance between 3.800-4.200.

Intech Investment Management LLC grew its position in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 24.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 108,605 shares of the industrial products company's stock after buying an additional 21,068 shares during the period. Intech Investment Management LLC owned approximately 0.50% of Apogee Enterprises worth $5,032,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of APOG. SummerHaven Investment Management LLC raised its position in Apogee Enterprises by 2.2% in the 1st quarter. SummerHaven Investment Management LLC now owns 13,185 shares of the industrial products company's stock worth $611,000 after buying an additional 282 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Apogee Enterprises by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,436 shares of the industrial products company's stock worth $888,000 after buying an additional 412 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Apogee Enterprises during the fourth quarter valued at approximately $42,000. Johnson Investment Counsel Inc. raised its holdings in shares of Apogee Enterprises by 16.7% during 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. Finally, Foundry Partners LLC raised its holdings in shares of Apogee Enterprises by 1.4% during 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 hedge funds and other institutional investors.

Apogee Enterprises Stock Performance

APOG stock traded up $1.31 during midday trading on Thursday, reaching $42.62. 40,231 shares of the company's stock traded hands, compared to its average volume of 228,158. 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 stock has a market cap of $917.50 million, a P/E ratio of 18.20 and a beta of 1.05. Apogee Enterprises, Inc. has a 52-week low of $37.53 and a 52-week high of $87.93. The stock's 50-day moving average is $42.73 and its 200 day moving average is $42.77.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last issued its quarterly earnings results on Friday, June 27th. The industrial products company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.11. The business had revenue of $346.62 million during the quarter, compared to analysts' expectations of $326.08 million. Apogee Enterprises had a return on equity of 17.79% and a net margin of 3.73%.The business's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.44 earnings per share. Apogee Enterprises has set its FY 2026 guidance at 3.800-4.200 EPS. As a group, analysts anticipate that Apogee Enterprises, Inc. will post 4.97 EPS for the current 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 paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Wednesday, July 16th. Apogee Enterprises's dividend payout ratio is presently 44.44%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on APOG shares. DA Davidson decreased their target price on shares of Apogee Enterprises from $47.00 to $45.00 and set a "neutral" rating for the company in a research note on Tuesday, July 1st. Wall Street Zen lowered shares of Apogee Enterprises from a "buy" rating to a "hold" rating in a research note on Saturday, September 13th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $45.00.

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).