Invesco Ltd. Sells 249,930 Shares of Apogee Enterprises, Inc. $APOG

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. reduced its position in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 56.5% in the first quarter, according to its most recent disclosure 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 quarter. Invesco Ltd. owned about 0.90% of Apogee Enterprises worth $8,918,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. SummerHaven Investment Management LLC boosted its position 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 valued at $611,000 after acquiring an additional 282 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Apogee Enterprises by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,436 shares of the industrial products company's stock valued at $888,000 after purchasing an additional 412 shares during the last quarter. Brevan Howard Capital Management LP lifted its position in Apogee Enterprises by 16.2% during the fourth quarter. Brevan Howard Capital Management LP now owns 3,683 shares of the industrial products company's stock valued at $263,000 after purchasing an additional 514 shares during the last quarter. LPL Financial LLC lifted its position in Apogee Enterprises by 14.6% during the fourth quarter. LPL Financial LLC now owns 4,253 shares of the industrial products company's stock valued at $304,000 after purchasing an additional 541 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Apogee Enterprises during the fourth quarter valued at approximately $42,000. 94.05% of the stock is currently owned by institutional investors.

Apogee Enterprises Trading Down 0.3%

Shares of NASDAQ APOG traded down $0.12 during mid-day trading on Friday, hitting $43.97. The stock had a trading volume of 146,489 shares, compared to its average volume of 124,146. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.36 and a current ratio of 1.77. Apogee Enterprises, Inc. has a 1 year low of $37.53 and a 1 year high of $87.93. The business has a 50 day moving average price of $42.42 and a two-hundred day moving average price of $43.26. The firm has a market cap of $946.67 million, a P/E ratio of 18.79 and a beta of 1.00.

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

Apogee Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Wednesday, July 16th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, July 16th. Apogee Enterprises's payout ratio is presently 44.44%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on APOG. Wall Street Zen lowered shares of Apogee Enterprises from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. DA Davidson dropped 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 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 stock. According to MarketBeat, Apogee Enterprises presently has a consensus rating of "Moderate Buy" and an average target price 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).