Quantbot Technologies LP Takes Position 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 purchased a new stake in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 15,782 shares of the industrial products company's stock, valued at approximately $731,000. Quantbot Technologies LP owned about 0.07% of Apogee Enterprises at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of APOG. Bridgeway Capital Management LLC acquired a new stake in shares of Apogee Enterprises during the 4th quarter worth about $5,535,000. American Century Companies Inc. lifted its stake in shares of Apogee Enterprises by 9.9% during the 1st quarter. American Century Companies Inc. now owns 760,821 shares of the industrial products company's stock worth $35,249,000 after buying an additional 68,682 shares during the last quarter. Segall Bryant & Hamill LLC lifted its stake in shares of Apogee Enterprises by 9.3% during the 1st quarter. Segall Bryant & Hamill LLC now owns 723,988 shares of the industrial products company's stock worth $33,542,000 after buying an additional 61,430 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Apogee Enterprises during the 1st quarter worth about $2,567,000. Finally, CX Institutional acquired a new stake in shares of Apogee Enterprises during the 1st quarter worth about $2,498,000. Institutional investors and hedge funds own 94.05% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on APOG shares. Wall Street Zen cut shares of Apogee Enterprises from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. DA Davidson dropped 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 note 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. According to data from MarketBeat, Apogee Enterprises currently has an average rating of "Moderate Buy" and an average price target of $45.00.

Apogee Enterprises Stock Performance

Apogee Enterprises stock traded down $0.12 during midday trading on Friday, hitting $43.97. The company's stock had a trading volume of 146,489 shares, compared to its average volume of 124,146. Apogee Enterprises, Inc. has a 1-year low of $37.53 and a 1-year high of $87.93. 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 company has a 50-day moving average price of $42.42 and a two-hundred day moving average price of $43.26. The company has a market cap of $946.67 million, a price-to-earnings ratio of 18.79 and a beta of 1.00.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last issued 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 previous year, the company earned $1.44 EPS. The business's revenue was up 4.6% on a year-over-year basis. Apogee Enterprises has set its FY 2026 guidance at 3.800-4.200 EPS. As a group, sell-side analysts predict that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Announces Dividend

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