Voya Investment Management LLC Has $5.26 Million Stock Holdings in Apogee Enterprises, Inc. $APOG

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 boosted its position in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 29.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of APOG. Millennium Management LLC increased its stake in Apogee Enterprises by 1,074.3% during the 1st quarter. Millennium Management LLC now owns 320,220 shares of the industrial products company's stock valued at $14,836,000 after buying an additional 292,952 shares during the period. Hotchkis & Wiley Capital Management LLC increased its stake in Apogee Enterprises by 103.2% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 193,150 shares of the industrial products company's stock valued at $8,949,000 after buying an additional 98,080 shares during the period. American Century Companies Inc. increased its stake 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 valued at $35,249,000 after buying an additional 68,682 shares during the period. Segall Bryant & Hamill LLC increased its stake 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 valued at $33,542,000 after buying an additional 61,430 shares during the period. Finally, Nuveen LLC acquired a new position in Apogee Enterprises during the 1st quarter valued at about $2,567,000. Institutional investors and hedge funds own 94.05% of the company's stock.

Apogee Enterprises Trading Up 2.7%

Shares of Apogee Enterprises stock traded up $1.17 during trading on Friday, hitting $43.76. The stock had a trading volume of 913,456 shares, compared to its average volume of 118,640. The stock has a 50 day simple moving average of $42.70 and a 200 day simple moving average of $42.72. The company has a market capitalization of $942.09 million, a PE ratio of 18.70 and a beta of 1.05. The company has a quick ratio of 1.36, a current ratio of 1.77 and a debt-to-equity ratio of 0.65. Apogee Enterprises, Inc. has a 1 year low of $37.53 and a 1 year high of $87.93.

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, topping the consensus estimate of $0.45 by $0.11. The business had revenue of $346.62 million for the quarter, compared to the consensus estimate of $326.08 million. Apogee Enterprises had a net margin of 3.73% and a return on equity of 17.79%. The firm's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the firm posted $1.44 earnings per share. Apogee Enterprises has set its FY 2026 guidance at 3.800-4.200 EPS. On average, research analysts expect that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal 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. This represents a $1.04 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Wednesday, July 16th. Apogee Enterprises's dividend payout ratio (DPR) is currently 44.44%.

Analyst Upgrades and Downgrades

Several research firms have commented on APOG. DA Davidson lowered their target price on shares of Apogee Enterprises from $47.00 to $45.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 1st. Wall Street Zen cut shares of Apogee Enterprises from a "buy" rating to a "hold" rating in a research note on Saturday, September 13th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Apogee Enterprises presently has a consensus rating of "Moderate Buy" and an average price target of $45.00.

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).