Apogee Enterprises, Inc. $APOG Shares Purchased by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its holdings in Apogee Enterprises by 29.0% during the first quarter, owning approximately 113,571 shares valued at over $5 million.
• Apogee Enterprises reported earnings of $0.56 EPS for the last quarter, exceeding analysts' expectations, with a revenue growth of 4.6% compared to the previous year.
• The company announced a quarterly dividend of $0.26 per share, representing a yield of 2.4% and a payout ratio of 44.44%.

Voya Investment Management LLC lifted its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 29.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,571 shares of the industrial products company's stock after purchasing an additional 25,514 shares during the quarter. Voya Investment Management LLC owned about 0.53% of Apogee Enterprises worth $5,262,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in APOG. Victory Capital Management Inc. boosted its holdings in Apogee Enterprises by 1.3% in the first quarter. Victory Capital Management Inc. now owns 1,170,654 shares of the industrial products company's stock worth $54,236,000 after acquiring an additional 14,687 shares in the last quarter. American Century Companies Inc. grew its position in 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 purchasing an additional 68,682 shares during the last quarter. Segall Bryant & Hamill LLC grew its position in 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 purchasing an additional 61,430 shares during the last quarter. LSV Asset Management increased its stake in Apogee Enterprises by 5.6% during the 1st quarter. LSV Asset Management now owns 481,355 shares of the industrial products company's stock valued at $22,301,000 after purchasing an additional 25,326 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Apogee Enterprises by 1,074.3% in the first quarter. Millennium Management LLC now owns 320,220 shares of the industrial products company's stock worth $14,836,000 after buying an additional 292,952 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on APOG. DA Davidson cut 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 Apogee Enterprises from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. 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 MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $45.00.

Apogee Enterprises Stock Performance

APOG traded up $1.33 during midday trading on Monday, hitting $45.17. 340,960 shares of the company were exchanged, compared to its average volume of 155,449. The company's 50 day simple moving average is $42.73 and its 200 day simple moving average is $42.63. The firm has a market capitalization of $972.51 million, a price-to-earnings ratio of 19.30 and a beta of 1.05. Apogee Enterprises, Inc. has a 1-year low of $37.53 and a 1-year high of $87.93. The company has a current ratio of 1.77, a quick ratio of 1.36 and a debt-to-equity ratio of 0.65.

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 (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.11. The business had revenue of $346.62 million during 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 company's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter 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 predict that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Wednesday, July 16th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Wednesday, July 16th. Apogee Enterprises's payout ratio is 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).