Vanguard Group Inc. Sells 50,309 Shares of 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. decreased its position in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 1.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,062,454 shares of the industrial products company's stock after selling 50,309 shares during the quarter. Vanguard Group Inc. owned about 14.30% of Apogee Enterprises worth $141,883,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in APOG. SummerHaven Investment Management LLC increased its stake in Apogee Enterprises by 2.2% during the 1st quarter. SummerHaven Investment Management LLC now owns 13,185 shares of the industrial products company's stock worth $611,000 after acquiring an additional 282 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Apogee Enterprises by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,436 shares of the industrial products company's stock valued at $888,000 after buying an additional 412 shares during the period. Brevan Howard Capital Management LP increased its holdings 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 buying an additional 514 shares during the period. LPL Financial LLC increased its holdings in Apogee Enterprises by 14.6% in the 4th quarter. LPL Financial LLC now owns 4,253 shares of the industrial products company's stock valued at $304,000 after buying an additional 541 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in Apogee Enterprises in the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 94.05% of the company's stock.

Apogee Enterprises Price Performance

Shares of Apogee Enterprises stock traded down $0.39 during midday trading on Tuesday, hitting $44.34. 156,939 shares of the company traded hands, compared to its average volume of 136,523. The stock has a market cap of $954.64 million, a price-to-earnings ratio of 18.95 and a beta of 1.00. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.36 and a current ratio of 1.77. The firm's fifty day moving average price is $42.03 and its 200-day moving average price is $43.39. Apogee Enterprises, Inc. has a 12 month low of $37.53 and a 12 month high of $87.93.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last announced its quarterly earnings results on Friday, June 27th. The industrial products company reported $0.56 earnings per share (EPS) 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 analyst estimates of $326.08 million. Apogee Enterprises had a net margin of 3.73% and a return on equity of 17.79%. The firm's revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.44 EPS. Apogee Enterprises has set its FY 2026 guidance at 3.800-4.200 EPS. As a group, sell-side 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 declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Wednesday, July 16th were issued 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 44.44%.

Analysts Set New Price Targets

Several equities analysts have commented on APOG shares. DA Davidson decreased their target price on shares of Apogee Enterprises from $47.00 to $45.00 and set a "neutral" rating on the stock in a report on Tuesday, July 1st. Wall Street Zen lowered shares of Apogee Enterprises from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Apogee Enterprises presently has a consensus rating of "Moderate Buy" and an average target price of $45.00.

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).