Goldman Sachs Group Inc. Decreases Position in Apogee Enterprises, Inc. $APOG

Key Points

• Goldman Sachs Group Inc. has reduced its stake in Apogee Enterprises by 64.0%, selling 161,347 shares and retaining 90,750 shares worth approximately $4.2 million.
• Apogee Enterprises reported a quarterly earnings per share (EPS) of $0.56, exceeding analysts' estimates of $0.45, with a year-over-year revenue increase of 4.6%.
• The company declared a quarterly dividend of $0.26 per share, representing an annualized dividend yield of 2.5%, with a payout ratio of 44.44%.

Goldman Sachs Group Inc. cut its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 64.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,750 shares of the industrial products company's stock after selling 161,347 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.42% of Apogee Enterprises worth $4,204,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new stake in Apogee Enterprises during the fourth quarter valued at about $42,000. Financial Gravity Asset Management Inc. bought a new stake in Apogee Enterprises during the first quarter valued at about $44,000. Quarry LP raised its holdings in Apogee Enterprises by 3,991.1% during the first quarter. Quarry LP now owns 1,841 shares of the industrial products company's stock valued at $85,000 after acquiring an additional 1,796 shares during the period. Johnson Investment Counsel Inc. raised its holdings in 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 acquiring an additional 663 shares during the period. Finally, Entropy Technologies LP bought a new stake in Apogee Enterprises during the first quarter valued at about $255,000. 94.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on APOG. Wall Street Zen cut Apogee Enterprises from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. DA Davidson reduced their target price on Apogee Enterprises from $47.00 to $45.00 and set a "neutral" rating on the stock in a report on Tuesday, July 1st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $45.00.

Apogee Enterprises Trading Up 2.7%

APOG traded up $1.17 during trading hours on Friday, reaching $43.76. 913,456 shares of the company's stock traded hands, compared to its average volume of 155,449. The firm has a 50-day moving average price of $42.70 and a 200 day moving average price of $42.65. Apogee Enterprises, Inc. has a 52-week low of $37.53 and a 52-week high of $87.93. The company has a quick ratio of 1.36, a current ratio of 1.77 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $942.09 million, a PE ratio of 18.70 and a beta of 1.05.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last posted its quarterly earnings data on Friday, June 27th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.11. Apogee Enterprises had a return on equity of 17.79% and a net margin of 3.73%.The company had revenue of $346.62 million during the quarter, compared to analysts' expectations of $326.08 million. During the same quarter in the previous year, the business earned $1.44 EPS. Apogee Enterprises's revenue 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, sell-side analysts predict that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors 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 annualized dividend and a yield of 2.4%. 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).