Quantbot Technologies LP Invests $731,000 in Apogee Enterprises, Inc. $APOG

Key Points

• Quantbot Technologies LP has acquired a stake in Apogee Enterprises, purchasing 15,782 shares worth approximately $731,000, now holding about 0.07% of the company.
• Analysts have recently revised their ratings on Apogee Enterprises, with one lowering the rating from "buy" to "hold" and another reducing the price target from $47.00 to $45.00.
• Apogee Enterprises reported $0.56 EPS in its latest quarterly earnings, which exceeded estimates, along with a 4.6% year-over-year revenue increase.

Quantbot Technologies LP bought a new stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,782 shares of the industrial products company's stock, valued at approximately $731,000. Quantbot Technologies LP owned approximately 0.07% of Apogee Enterprises as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in APOG. Public Employees Retirement System of Ohio bought a new position in shares of Apogee Enterprises in the 4th quarter worth $42,000. Financial Gravity Asset Management Inc. bought a new position in shares of Apogee Enterprises in the 1st quarter worth $44,000. Johnson Investment Counsel Inc. raised its position 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 worth $215,000 after acquiring an additional 663 shares in the last quarter. Envestnet Asset Management Inc. bought a new position in shares of Apogee Enterprises in the 4th quarter worth $228,000. Finally, Entropy Technologies LP bought a new position in shares of Apogee Enterprises in the 1st quarter worth $255,000. 94.05% of the stock is owned by institutional investors.

Apogee Enterprises Stock Performance

Shares of APOG stock traded down $0.31 during mid-day trading on Friday, reaching $43.78. The stock had a trading volume of 53,975 shares, compared to its average volume of 236,557. The business's fifty day moving average is $42.30 and its 200-day moving average is $43.36. The company has a current ratio of 1.77, a quick ratio of 1.36 and a debt-to-equity ratio of 0.65. The firm has a market cap of $942.58 million, a price-to-earnings ratio of 18.68 and a beta of 1.00. 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 issued its earnings results on Friday, June 27th. The industrial products company reported $0.56 EPS 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 prior year, the business earned $1.44 earnings per share. 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. On average, research analysts forecast that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Announces Dividend

The business 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. The ex-dividend date was Wednesday, July 16th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.4%. Apogee Enterprises's dividend payout ratio is presently 44.44%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on APOG shares. Wall Street Zen lowered Apogee Enterprises from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. DA Davidson reduced their target price on Apogee Enterprises from $47.00 to $45.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 1st. 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, Apogee Enterprises has a consensus rating of "Moderate Buy" and a consensus target price of $45.00.

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).