Johnson Investment Counsel Inc. Boosts Holdings in Apogee Enterprises, Inc. $APOG

Johnson Investment Counsel Inc. grew its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 8.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 5,026 shares of the industrial products company’s stock after purchasing an additional 393 shares during the period. Johnson Investment Counsel Inc.’s holdings in Apogee Enterprises were worth $204,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in APOG. SummerHaven Investment Management LLC increased its position in shares of Apogee Enterprises by 2.4% during the second quarter. SummerHaven Investment Management LLC now owns 13,496 shares of the industrial products company’s stock worth $548,000 after acquiring an additional 311 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Apogee Enterprises by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,992 shares of the industrial products company’s stock valued at $602,000 after purchasing an additional 556 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Apogee Enterprises by 5.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 12,850 shares of the industrial products company’s stock valued at $521,000 after buying an additional 686 shares in the last quarter. Foundry Partners LLC grew its holdings in Apogee Enterprises by 1.4% in the first quarter. Foundry Partners LLC now owns 52,710 shares of the industrial products company’s stock worth $2,442,000 after purchasing an additional 712 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. purchased a new position in Apogee Enterprises during the 1st quarter worth $44,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. DA Davidson decreased their price target on shares of Apogee Enterprises from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday, July 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of Apogee Enterprises in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $45.00.

Apogee Enterprises Trading Down 0.9%

Apogee Enterprises stock opened at $37.91 on Friday. The firm has a market cap of $815.44 million, a PE ratio of 18.58 and a beta of 1.06. Apogee Enterprises, Inc. has a 12 month low of $37.51 and a 12 month high of $87.93. The stock’s 50 day simple moving average is $42.91 and its two-hundred day simple moving average is $42.08. The company has a current ratio of 1.76, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54.

Apogee Enterprises (NASDAQ:APOG) last posted its earnings results on Thursday, October 9th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.14. Apogee Enterprises had a net margin of 3.19% and a return on equity of 15.76%. The firm had revenue of $358.19 million during the quarter, compared to analysts’ expectations of $350.91 million. During the same period in the previous year, the business posted $1.44 EPS. The business’s revenue was up 4.6% compared to the same quarter last year. Apogee Enterprises has set its FY 2026 guidance at 3.600-3.900 EPS. Analysts anticipate that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Wednesday, October 29th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, October 29th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.7%. Apogee Enterprises’s dividend payout ratio (DPR) is 50.98%.

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).