Moody National Bank Trust Division Increases 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 raised its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 31.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,865 shares of the industrial products company's stock after buying an additional 7,329 shares during the quarter. Moody National Bank Trust Division owned about 0.14% of Apogee Enterprises worth $1,253,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. SummerHaven Investment Management LLC lifted its position in Apogee Enterprises by 2.2% during the first quarter. SummerHaven Investment Management LLC now owns 13,185 shares of the industrial products company's stock valued at $611,000 after buying an additional 282 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Apogee Enterprises by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,436 shares of the industrial products company's stock worth $888,000 after purchasing an additional 412 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Apogee Enterprises in the 4th quarter worth about $42,000. Johnson Investment Counsel Inc. raised its position in shares of 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 worth $215,000 after purchasing an additional 663 shares during the last quarter. Finally, Foundry Partners LLC raised its position in shares of Apogee Enterprises by 1.4% in the 1st quarter. Foundry Partners LLC now owns 52,710 shares of the industrial products company's stock worth $2,442,000 after purchasing an additional 712 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered Apogee Enterprises from a "buy" rating to a "hold" rating in a research report 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 research report on Tuesday, July 1st. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $45.00.

Apogee Enterprises Price Performance

Shares of NASDAQ:APOG opened at $43.76 on Friday. Apogee Enterprises, Inc. has a fifty-two week low of $37.53 and a fifty-two week high of $87.93. The business has a 50-day simple moving average of $42.70 and a two-hundred day simple moving average of $42.72. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.36 and a current ratio of 1.77. The firm has a market cap of $942.09 million, a price-to-earnings ratio of 18.70 and a beta of 1.05.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last issued its earnings results 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 business had revenue of $346.62 million during the quarter, compared to analyst estimates of $326.08 million. During the same quarter in the previous year, the firm earned $1.44 EPS. Apogee Enterprises's revenue 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, analysts expect that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Wednesday, July 16th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Wednesday, July 16th. Apogee Enterprises's payout ratio 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).

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