Moody National Bank Trust Division Raises Stock Position in Apogee Enterprises, Inc. $APOG

Key Points

• Moody National Bank Trust Division increased its stock position in Apogee Enterprises by 31.1% in Q2, acquiring an additional 7,329 shares, bringing its total holdings to 30,865 shares valued at $1.25 million.
• Apogee recently reported $0.56 earnings per share, exceeding analysts' expectations of $0.45, with a year-over-year revenue increase of 4.6%.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Apogee, with an average price target of $45.00 after a recent downgrade for some ratings.

Moody National Bank Trust Division lifted its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 31.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,865 shares of the industrial products company's stock after purchasing an additional 7,329 shares during the period. Moody National Bank Trust Division owned approximately 0.14% of Apogee Enterprises worth $1,253,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of APOG. Victory Capital Management Inc. lifted its stake in Apogee Enterprises by 1.3% in the first quarter. Victory Capital Management Inc. now owns 1,170,654 shares of the industrial products company's stock valued at $54,236,000 after buying an additional 14,687 shares during the last quarter. American Century Companies Inc. boosted its holdings in Apogee Enterprises by 9.9% in the first quarter. American Century Companies Inc. now owns 760,821 shares of the industrial products company's stock valued at $35,249,000 after acquiring an additional 68,682 shares during the last quarter. Segall Bryant & Hamill LLC raised its position in shares of Apogee Enterprises by 9.3% during the first quarter. Segall Bryant & Hamill LLC now owns 723,988 shares of the industrial products company's stock worth $33,542,000 after purchasing an additional 61,430 shares during the period. LSV Asset Management increased its position in shares of Apogee Enterprises by 5.6% during the 1st quarter. LSV Asset Management now owns 481,355 shares of the industrial products company's stock worth $22,301,000 after purchasing an additional 25,326 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Apogee Enterprises by 1,074.3% during the 1st quarter. Millennium Management LLC now owns 320,220 shares of the industrial products company's stock worth $14,836,000 after acquiring an additional 292,952 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Apogee Enterprises Stock Up 0.5%

Apogee Enterprises stock traded up $0.21 during midday trading on Tuesday, reaching $45.38. The company's stock had a trading volume of 40,565 shares, compared to its average volume of 232,024. The stock has a market capitalization of $977.03 million, a P/E ratio of 19.39 and a beta of 1.05. Apogee Enterprises, Inc. has a 52-week low of $37.53 and a 52-week high of $87.93. The stock's 50-day simple moving average is $42.73 and its 200-day simple moving average is $42.63. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.77 and a quick ratio of 1.36.

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 for the quarter, topping 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 period last year, the firm earned $1.44 EPS. 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, sell-side analysts expect that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Dividend Announcement

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 dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Wednesday, July 16th. Apogee Enterprises's dividend payout ratio (DPR) is currently 44.44%.

Analyst Ratings Changes

APOG has been the subject of a number of research reports. Wall Street Zen cut Apogee Enterprises from a "buy" rating to a "hold" rating in a research note on Saturday, September 13th. DA Davidson lowered their price target 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 research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $45.00.

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).