Nuveen LLC Acquires New Stake in Apogee Enterprises, Inc. $APOG

Key Points

• Nuveen LLC acquired a new position in Apogee Enterprises, purchasing 55,404 shares valued at approximately $2.57 million, representing about 0.26% ownership.
• Multiple institutional investors have modified their stakes in Apogee Enterprises, with significant purchases from Bridgeway Capital Management and Grace & White Inc., increasing institutional ownership to 94.05%.
• Apogee reported an earnings per share (EPS) of $0.56 for the last quarter, surpassing estimates, while also recently announcing a quarterly dividend of $0.26, reflecting a 2.4% dividend yield.

Nuveen LLC bought a new position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 55,404 shares of the industrial products company's stock, valued at approximately $2,567,000. Nuveen LLC owned 0.26% of Apogee Enterprises at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of APOG. Public Employees Retirement System of Ohio acquired a new position in Apogee Enterprises during the 4th quarter worth about $42,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Apogee Enterprises in the 1st quarter valued at about $44,000. Johnson Investment Counsel Inc. lifted its stake 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 valued at $215,000 after purchasing an additional 663 shares during the period. Envestnet Asset Management Inc. acquired a new position in shares of Apogee Enterprises in the 4th quarter valued at about $228,000. Finally, Entropy Technologies LP acquired a new position in shares of Apogee Enterprises in the 1st quarter valued at about $255,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Apogee Enterprises Stock Down 0.3%

APOG traded down $0.12 during midday trading on Friday, reaching $43.97. 146,489 shares of the company were exchanged, compared to its average volume of 121,435. 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 company's fifty day moving average price is $42.42 and its 200 day moving average price is $43.26. The company has a market cap of $946.67 million, a price-to-earnings ratio of 10.78 and a beta of 1.05. Apogee Enterprises, Inc. has a one year low of $37.53 and a one year high of $87.93.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last announced 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 firm had revenue of $346.62 million for the quarter, compared to the consensus estimate of $326.08 million. During the same quarter in the previous year, the business earned $1.44 EPS. The company's revenue was up 4.6% compared to the same quarter last year. Apogee Enterprises has set its FY 2026 guidance at 3.800-4.200 EPS. As a group, analysts expect that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Wednesday, July 16th were paid a $0.26 dividend. 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 presently 44.44%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on APOG shares. DA Davidson dropped their price objective on Apogee Enterprises from $47.00 to $45.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 1st. Wall Street Zen downgraded Apogee Enterprises from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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).