PharVision Advisers LLC Takes Position in Apogee Enterprises, Inc. $APOG

Key Points

• PharVision Advisers LLC has acquired a new stake in Apogee Enterprises, Inc., purchasing 5,786 shares valued at approximately $268,000 during the first quarter.
• Analysts have set a consensus price target of $45.00 for Apogee, with ratings including one "Buy" and one "Hold" suggestion.
• Apogee recently announced a quarterly dividend of $0.26 per share, representing an annual yield of 2.4% with a payout ratio of 44.44%.

PharVision Advisers LLC bought a new stake in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,786 shares of the industrial products company's stock, valued at approximately $268,000.

A number of other institutional investors also recently modified their holdings of the business. 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. boosted its position in shares of Apogee Enterprises by 3.4% in 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 acquiring an additional 412 shares during the period. Brevan Howard Capital Management LP boosted its position in shares of Apogee Enterprises by 16.2% in 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 acquiring an additional 514 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Apogee Enterprises in the fourth quarter valued at about $42,000. Finally, Cubist Systematic Strategies LLC boosted its position in shares of Apogee Enterprises by 4.2% in the fourth quarter. Cubist Systematic Strategies LLC now owns 15,239 shares of the industrial products company's stock valued at $1,088,000 after acquiring an additional 617 shares during the period. Institutional investors own 94.05% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. DA Davidson reduced 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. Wall Street Zen raised shares of Apogee Enterprises from a "hold" rating to a "buy" rating in a research report on Friday. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $45.00.

Apogee Enterprises Trading Down 0.4%

APOG opened at $43.62 on Friday. Apogee Enterprises, Inc. has a twelve month low of $37.53 and a twelve month high of $87.93. The company has a 50-day simple moving average of $42.76 and a 200 day simple moving average of $43.05. The company has a quick ratio of 1.36, a current ratio of 1.77 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $939.14 million, a price-to-earnings ratio of 18.64 and a beta of 1.05.

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 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 business had revenue of $346.62 million during the quarter, compared to analysts' expectations of $326.08 million. During the same quarter in the prior year, the business posted $1.44 earnings per share. Apogee Enterprises'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. Analysts predict that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

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

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).

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