Apogee Enterprises, Inc. $APOG Holdings Decreased by Invesco Ltd.

Key Points

• Invesco Ltd. has reduced its stake in Apogee Enterprises by 56.5%, now owning 192,489 shares valued at approximately $8.9 million after selling 249,930 shares in the first quarter.
• The company recently announced a quarterly dividend of $0.26 per share, resulting in a 2.3% dividend yield with a payout ratio of 44.44%.
• Apogee Enterprises reported a 4.6% year-over-year revenue increase in its latest earnings report, surpassing analysts' estimates with revenue of $346.62 million.

Invesco Ltd. cut its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 56.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 192,489 shares of the industrial products company's stock after selling 249,930 shares during the period. Invesco Ltd. owned 0.90% of Apogee Enterprises worth $8,918,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new position in Apogee Enterprises during the fourth quarter valued at $42,000. Financial Gravity Asset Management Inc. purchased a new stake in Apogee Enterprises in the 1st quarter valued at about $44,000. Johnson Investment Counsel Inc. boosted its position in Apogee Enterprises by 16.7% in the 1st 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 during the period. Envestnet Asset Management Inc. bought a new stake in shares of Apogee Enterprises in the 4th quarter valued at about $228,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Apogee Enterprises by 60.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,672 shares of the industrial products company's stock worth $262,000 after purchasing an additional 1,385 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Apogee Enterprises Price Performance

Shares of NASDAQ:APOG traded down $0.42 on Friday, reaching $43.68. 49,793 shares of the company were exchanged, compared to its average volume of 236,519. The company has a current ratio of 1.77, a quick ratio of 1.36 and a debt-to-equity ratio of 0.65. Apogee Enterprises, Inc. has a 1-year low of $37.53 and a 1-year high of $87.93. The firm has a market cap of $940.32 million, a price-to-earnings ratio of 18.66 and a beta of 1.00. The company has a 50-day moving average of $42.30 and a 200-day moving average of $43.36.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last issued its quarterly earnings data on Friday, June 27th. The industrial products company reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.11. The firm had revenue of $346.62 million for the quarter, compared to analysts' expectations of $326.08 million. Apogee Enterprises had a net margin of 3.73% and a return on equity of 17.79%. The firm's revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.44 EPS. Apogee Enterprises has set its FY 2026 guidance at 3.800-4.200 EPS. Equities analysts forecast that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Wednesday, July 16th were given a dividend of $0.26 per share. 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 2.4%. Apogee Enterprises's dividend payout ratio (DPR) is presently 44.44%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on APOG shares. DA Davidson reduced their price objective 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 cut shares of Apogee Enterprises from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target 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).