7,791 Shares in Apogee Enterprises, Inc. $APOG Purchased by Jump Financial LLC

Jump Financial LLC purchased a new position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,791 shares of the industrial products company's stock, valued at approximately $361,000.

Other hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. acquired a new stake in shares of Apogee Enterprises during the first quarter worth $691,000. SG Americas Securities LLC acquired a new stake in shares of Apogee Enterprises during the first quarter worth $280,000. Janney Montgomery Scott LLC lifted its holdings in shares of Apogee Enterprises by 18.5% during the first quarter. Janney Montgomery Scott LLC now owns 29,914 shares of the industrial products company's stock worth $1,386,000 after purchasing an additional 4,680 shares during the period. Bank of America Corp DE lifted its holdings in shares of Apogee Enterprises by 6.7% during the fourth quarter. Bank of America Corp DE now owns 103,804 shares of the industrial products company's stock worth $7,413,000 after purchasing an additional 6,529 shares during the period. Finally, Johnson Investment Counsel Inc. lifted 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 worth $215,000 after purchasing an additional 663 shares during the period. 94.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wall Street Zen raised Apogee Enterprises from a "hold" rating to a "buy" rating in a report on Friday. DA Davidson reduced their target price on Apogee Enterprises from $47.00 to $45.00 and set a "neutral" rating for the company in a report on Tuesday, July 1st. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $45.00.

Apogee Enterprises Price Performance

Shares of APOG stock traded down $0.17 during mid-day trading on Friday, reaching $43.62. The stock had a trading volume of 88,841 shares, compared to its average volume of 115,183. Apogee Enterprises, Inc. has a 12-month low of $37.53 and a 12-month high of $87.93. The company has a market cap of $939.14 million, a P/E ratio of 18.64 and a beta of 1.05. The business has a 50-day simple moving average of $42.76 and a 200 day simple moving average of $43.01. 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 (NASDAQ:APOG - Get Free Report) last announced its quarterly earnings results on Friday, June 27th. The industrial products company reported $0.56 earnings per share 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 business had revenue of $346.62 million during the quarter, compared to analysts' expectations of $326.08 million. During the same quarter last year, the business posted $1.44 earnings per share. The business'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, sell-side analysts anticipate that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Wednesday, July 16th were given a $0.26 dividend. The ex-dividend date 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 currently 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).