Strs Ohio Acquires Shares of 7,200 Apogee Enterprises, Inc. $APOG

Key Points

• Strs Ohio has acquired a new position in Apogee Enterprises, purchasing 7,200 shares valued at approximately $334,000 in the first quarter.
• Several other hedge funds are also increasing their stakes in Apogee Enterprises, contributing to institutional investors owning 94.05% of the company's stock.
• Analyst ratings for Apogee Enterprises have changed recently, with DA Davidson lowering its target price from $47.00 to $45.00 and changing the rating to "neutral."

Strs Ohio purchased a new position in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 7,200 shares of the industrial products company's stock, valued at approximately $334,000.

Several other hedge funds also recently made changes to their positions in APOG. Public Employees Retirement System of Ohio bought a new stake in shares of Apogee Enterprises in the 4th quarter valued at approximately $42,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Apogee Enterprises during the 1st quarter valued at about $44,000. Quarry LP boosted its stake in Apogee Enterprises by 3,991.1% in the first 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 during the period. Johnson Investment Counsel Inc. boosted its stake in 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 acquiring an additional 663 shares during the period. Finally, Entropy Technologies LP bought a new position in shares of Apogee Enterprises during the first quarter valued at approximately $255,000. Institutional investors and hedge funds own 94.05% of the company's stock.

Analyst Ratings Changes

APOG has been the topic of several analyst reports. DA Davidson dropped 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. Wall Street Zen lowered shares of Apogee Enterprises from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Apogee Enterprises currently has a consensus rating of "Moderate Buy" and an average price target of $45.00.

Apogee Enterprises Stock Up 0.5%

Shares of Apogee Enterprises stock opened at $45.40 on Wednesday. Apogee Enterprises, Inc. has a 1 year low of $37.53 and a 1 year high of $87.93. The company has a market cap of $977.46 million, a P/E ratio of 19.40 and a beta of 1.05. 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 stock has a 50-day moving average price of $42.80 and a 200 day moving average price of $42.65.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last released its earnings results on Friday, June 27th. The industrial products company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.11. The company had revenue of $346.62 million for the quarter, compared to analysts' expectations of $326.08 million. Apogee Enterprises had a return on equity of 17.79% and a net margin of 3.73%.The business's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.44 EPS. Apogee Enterprises has set its FY 2026 guidance at 3.800-4.200 EPS. As a group, analysts expect that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

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).

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