Vanguard Group Inc. Trims Holdings in Apogee Enterprises, Inc. $APOG

Key Points

• Vanguard Group Inc. reduced its stake in Apogee Enterprises by 1.6%, owning approximately 14.30% of the company, valued at $141,883,000 after selling 50,309 shares.
• Recent research reports have downgraded Apogee's stock rating, with DA Davidson lowering its price target from $47.00 to $45.00 and changing the rating to "neutral."
• Apogee Enterprises reported a quarterly earnings per share (EPS) of $0.56, exceeding analysts' expectations and establishing a guidance for FY 2026 EPS between $3.800-4.200.

Vanguard Group Inc. reduced its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 1.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,062,454 shares of the industrial products company's stock after selling 50,309 shares during the quarter. Vanguard Group Inc. owned approximately 14.30% of Apogee Enterprises worth $141,883,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new position in Apogee Enterprises in the fourth quarter valued at about $42,000. Financial Gravity Asset Management Inc. bought a new stake in Apogee Enterprises in the 1st quarter valued at about $44,000. Envestnet Asset Management Inc. bought a new stake in Apogee Enterprises in the 4th quarter valued at about $228,000. Tower Research Capital LLC TRC raised its stake in Apogee Enterprises by 60.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,672 shares of the industrial products company's stock valued at $262,000 after acquiring an additional 1,385 shares during the period. Finally, Brevan Howard Capital Management LP raised its stake in Apogee Enterprises by 16.2% in the 4th quarter. Brevan Howard Capital Management LP now owns 3,683 shares of the industrial products company's stock valued at $263,000 after acquiring an additional 514 shares during the period. Institutional investors own 94.05% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on APOG. DA Davidson cut their target price on Apogee Enterprises from $47.00 to $45.00 and set a "neutral" rating for the company in a research note on Tuesday, July 1st. Wall Street Zen downgraded Apogee Enterprises from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Apogee Enterprises currently has a consensus rating of "Moderate Buy" and a consensus target price of $45.00.

Apogee Enterprises Stock Down 1.3%

Shares of APOG stock traded down $0.5850 during mid-day trading on Monday, hitting $44.6050. The stock had a trading volume of 31,077 shares, compared to its average volume of 239,403. Apogee Enterprises, Inc. has a 12-month low of $37.53 and a 12-month high of $87.93. The firm has a market capitalization of $960.35 million, a P/E ratio of 19.06 and a beta of 1.00. The firm's 50-day moving average is $41.78 and its two-hundred day moving average is $43.43. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.77 and a quick ratio of 1.36.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last released its quarterly earnings results on Friday, June 27th. The industrial products company reported $0.56 EPS for the quarter, beating 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 company had revenue of $346.62 million during the quarter, compared to analysts' expectations of $326.08 million. During the same period last year, the business posted $1.44 earnings per share. The firm'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, analysts predict that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Wednesday, July 16th were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, July 16th. This represents a $1.04 dividend on an annualized basis and a yield of 2.3%. Apogee Enterprises's dividend 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).