Profit Investment Management LLC Makes New $1.27 Million Investment 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 shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 31,388 shares of the industrial products company's stock, valued at approximately $1,274,000. Profit Investment Management LLC owned approximately 0.15% of Apogee Enterprises at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new stake in Apogee Enterprises during the 4th quarter valued at about $42,000. Financial Gravity Asset Management Inc. purchased a new stake in Apogee Enterprises during the 1st quarter valued at about $44,000. Quarry LP grew its stake in Apogee Enterprises by 3,991.1% during the 1st quarter. Quarry LP now owns 1,841 shares of the industrial products company's stock valued at $85,000 after acquiring an additional 1,796 shares in the last quarter. Johnson Investment Counsel Inc. boosted its holdings in 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 last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Apogee Enterprises in the 2nd quarter valued at about $252,000. Hedge funds and other institutional investors own 94.05% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. DA Davidson decreased their target price on shares of Apogee Enterprises from $47.00 to $45.00 and set a "neutral" rating on the stock in a report on Tuesday, July 1st. Wall Street Zen lowered shares of Apogee Enterprises from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Apogee Enterprises has a consensus rating of "Moderate Buy" and a consensus target price of $45.00.

Apogee Enterprises Trading Up 0.3%

Shares of NASDAQ:APOG traded up $0.12 during mid-day trading on Tuesday, reaching $45.29. 137,071 shares of the company were exchanged, compared to its average volume of 232,467. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.77 and a quick ratio of 1.36. The firm has a market cap of $974.99 million, a price-to-earnings ratio of 19.38 and a beta of 1.05. The firm's 50-day simple moving average is $42.73 and its 200 day simple moving average is $42.63. Apogee Enterprises, Inc. has a 1 year low of $37.53 and a 1 year high of $87.93.

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. The firm had revenue of $346.62 million during 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 quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company posted $1.44 EPS. Apogee Enterprises has set its FY 2026 guidance at 3.800-4.200 EPS. Equities research analysts forecast that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 2.3%. Apogee Enterprises's dividend payout ratio (DPR) is presently 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).