Apogee Enterprises, Inc. $APOG Shares Purchased by Sei Investments Co.

Key Points

• Sei Investments Co. nearly doubled its Apogee Enterprises stake in the first quarter, purchasing 30,748 additional shares and bringing its holdings to 61,565 shares worth approximately $2.1 million. Institutional investors collectively own 94.05% of APOG.
• Analyst sentiment improved, with several firms upgrading the stock; Apogee now has an average rating of “Buy” and a consensus price target of $70.50.
• Apogee exceeded quarterly expectations, reporting $0.57 in EPS versus a $0.43 consensus estimate and $342.68 million in revenue. The company also maintains a quarterly dividend of $0.27 per share, representing a 2.5% annualized yield.

Sei Investments Co. boosted its position in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 99.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,565 shares of the industrial products company's stock after purchasing an additional 30,748 shares during the quarter. Sei Investments Co. owned about 0.29% of Apogee Enterprises worth $2,065,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Parallel Advisors LLC acquired a new position in Apogee Enterprises in the first quarter valued at approximately $30,000. PNC Financial Services Group Inc. boosted its stake in Apogee Enterprises by 38.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,065 shares of the industrial products company's stock worth $36,000 after buying an additional 296 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Apogee Enterprises during the second quarter valued at about $38,000. Meeder Asset Management Inc. purchased a new stake in shares of Apogee Enterprises in the 1st quarter valued at approximately $41,000. Finally, Hantz Financial Services Inc. raised its stake in shares of Apogee Enterprises by 79.5% in the 4th quarter. Hantz Financial Services Inc. now owns 1,255 shares of the industrial products company's stock valued at $46,000 after acquiring an additional 556 shares during the period. 94.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on APOG. Wall Street Zen raised shares of Apogee Enterprises from a "hold" rating to a "buy" rating in a research report on Saturday, July 25th. Weiss Ratings upgraded shares of Apogee Enterprises from a "sell (d+)" rating to a "hold (c-)" rating in a report on Thursday, July 2nd. Finally, Zacks Research raised Apogee Enterprises from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Apogee Enterprises presently has an average rating of "Buy" and an average target price of $70.50.

Apogee Enterprises Stock Performance

NASDAQ APOG opened at $43.52 on Monday. The company has a market cap of $908.18 million, a P/E ratio of 13.64, a P/E/G ratio of 1.23 and a beta of 1.15. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.76 and a quick ratio of 1.34. The stock has a 50-day moving average of $40.56 and a two-hundred day moving average of $38.02. Apogee Enterprises, Inc. has a 1-year low of $30.75 and a 1-year high of $50.88.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last issued its quarterly earnings results on Friday, June 26th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.14. Apogee Enterprises had a net margin of 4.88% and a return on equity of 14.72%. The company had revenue of $342.68 million for the quarter, compared to analyst estimates of $333.84 million. During the same period in the prior year, the firm earned ($0.13) earnings per share. The business's revenue for the quarter was down 1.1% compared to the same quarter last year. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. As a group, analysts anticipate that Apogee Enterprises, Inc. will post 2.96 EPS for the current year.

Apogee Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Tuesday, July 14th were issued a dividend of $0.27 per share. The ex-dividend date was Tuesday, July 14th. This represents a $1.08 dividend on an annualized basis and a yield of 2.5%. Apogee Enterprises's dividend payout ratio is 33.86%.

Apogee Enterprises Profile

Apogee Enterprises, Inc is a diversified manufacturer and distributor of value-added architectural products and services. The company specializes in the design, fabrication and installation of high-performance glass, framing systems, curtain walls, skylights and other building envelope solutions. Its operations span three primary platforms—Architectural Framing Systems, Architectural Glass and Architectural Services—enabling Apogee to deliver complete, integrated façade systems for new construction, renovation and retrofit projects.

Headquartered in Minneapolis, Minnesota, Apogee traces its roots to the mid-20th century and today serves commercial, institutional and residential markets across North America and Europe.

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