Profit Investment Management LLC Purchases New Shares in Apogee Enterprises, Inc. $APOG

Key Points

• Profit Investment Management LLC has acquired a new position in Apogee Enterprises, purchasing 31,388 shares valued at approximately $1,274,000, which represents about 0.15% of the company's stock.
• Apogee Enterprises recently reported earnings of $0.56 per share, exceeding estimates, and announced a quarterly dividend of $0.26 per share with a yield of 2.4%.
• Wall Street analysts currently rate Apogee Enterprises with a "Moderate Buy" and a target price averaging $45.00, reflecting a downgrade from previously higher estimates.

Profit Investment Management LLC acquired a new stake in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 31,388 shares of the industrial products company's stock, valued at approximately $1,274,000. Profit Investment Management LLC owned about 0.15% of Apogee Enterprises as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SummerHaven Investment Management LLC raised its stake in shares of Apogee Enterprises by 2.2% during the 1st quarter. SummerHaven Investment Management LLC now owns 13,185 shares of the industrial products company's stock worth $611,000 after purchasing an additional 282 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 purchasing an additional 412 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Apogee Enterprises during the fourth quarter worth $42,000. Johnson Investment Counsel Inc. raised its position in shares of Apogee Enterprises by 16.7% during the 1st quarter. Johnson Investment Counsel Inc. now owns 4,633 shares of the industrial products company's stock worth $215,000 after acquiring an additional 663 shares in the last quarter. Finally, Foundry Partners LLC grew its holdings 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 acquiring an additional 712 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Apogee Enterprises Stock Performance

NASDAQ:APOG traded up $1.17 during mid-day trading on Friday, reaching $43.76. 913,456 shares of the company's stock were exchanged, compared to its average volume of 155,449. Apogee Enterprises, Inc. has a one year low of $37.53 and a one year high of $87.93. 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 business's fifty day simple moving average is $42.70 and its two-hundred day simple moving average is $42.65. The firm has a market capitalization of $942.09 million, a PE ratio of 18.70 and a beta of 1.05.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $346.62 million for the quarter, compared to analysts' expectations of $326.08 million. Apogee Enterprises had a net margin of 3.73% and a return on equity of 17.79%. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.44 earnings per share. Apogee Enterprises has set its FY 2026 guidance at 3.800-4.200 EPS. Analysts anticipate that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Announces Dividend

The business also recently disclosed 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. 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%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on APOG. Wall Street Zen downgraded Apogee Enterprises from a "buy" rating to a "hold" rating in a research note on Saturday, September 13th. DA Davidson lowered their price objective 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. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Apogee Enterprises 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).