Apogee Enterprises, Inc. $APOG Shares Bought by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its stake in Apogee Enterprises, acquiring an additional 25,989 shares to bring its total holdings to 80,671 shares, worth approximately $3.74 million.
• Wall Street analyst ratings for Apogee were downgraded, with Wall Street Zen changing its recommendation from "buy" to "hold" and DA Davidson lowering the target price from $47.00 to $45.00.
• Apogee Enterprises reported a quarterly earnings per share of $0.56, exceeding analysts' estimates, and declared a $0.26 quarterly dividend with an annualized yield of 2.4%.

Public Sector Pension Investment Board raised its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 47.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 80,671 shares of the industrial products company's stock after purchasing an additional 25,989 shares during the period. Public Sector Pension Investment Board owned 0.38% of Apogee Enterprises worth $3,737,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. purchased a new stake in shares of Apogee Enterprises in the first quarter valued at about $691,000. SG Americas Securities LLC purchased a new stake in shares of Apogee Enterprises in the first quarter valued at about $280,000. Janney Montgomery Scott LLC lifted its holdings in shares of Apogee Enterprises by 18.5% in the first quarter. Janney Montgomery Scott LLC now owns 29,914 shares of the industrial products company's stock valued at $1,386,000 after purchasing an additional 4,680 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Apogee Enterprises by 6.7% in the fourth quarter. Bank of America Corp DE now owns 103,804 shares of the industrial products company's stock valued at $7,413,000 after purchasing an additional 6,529 shares in the last quarter. Finally, Johnson Investment Counsel Inc. raised its position in shares of Apogee Enterprises by 16.7% in the first quarter. Johnson Investment Counsel Inc. now owns 4,633 shares of the industrial products company's stock valued at $215,000 after buying an additional 663 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company's stock.

Analysts Set New Price Targets

APOG has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Apogee Enterprises from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. DA Davidson reduced their price target 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. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $45.00.

Apogee Enterprises Trading Up 6.3%

Shares of APOG stock traded up $2.68 during mid-day trading on Friday, hitting $45.19. 177,259 shares of the company's stock were exchanged, compared to its average volume of 139,003. Apogee Enterprises, Inc. has a fifty-two week low of $37.53 and a fifty-two week high of $87.93. The stock has a 50-day simple moving average of $41.78 and a two-hundred day simple moving average of $43.43. 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 cap of $972.94 million, a price-to-earnings ratio of 19.31 and a beta of 1.00.

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

Apogee Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders 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 dividend yield of 2.3%. Apogee Enterprises's payout ratio is currently 44.44%.

Apogee Enterprises 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).