Versor Investments LP Purchases Shares of 7,278 Apogee Enterprises, Inc. $APOG

Versor Investments LP purchased a new stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 7,278 shares of the industrial products company’s stock, valued at approximately $295,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. raised its stake in Apogee Enterprises by 2.5% in the first quarter. Principal Financial Group Inc. now owns 120,751 shares of the industrial products company’s stock valued at $5,594,000 after purchasing an additional 2,981 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Apogee Enterprises by 455.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 10,152 shares of the industrial products company’s stock worth $470,000 after buying an additional 8,325 shares during the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in shares of Apogee Enterprises during the 1st quarter valued at $44,000. Victory Capital Management Inc. lifted its holdings in shares of Apogee Enterprises by 1.3% during the 1st 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 during the last quarter. Finally, Segall Bryant & Hamill LLC lifted its holdings in shares of 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 acquiring an additional 61,430 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Analysts Set New Price Targets

APOG has been the topic of a number of research analyst reports. Wall Street Zen cut Apogee Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Apogee Enterprises in a research report on Thursday, October 30th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Apogee Enterprises has a consensus rating of “Hold” and an average target price of $45.00.

Apogee Enterprises Stock Performance

Apogee Enterprises stock opened at $34.57 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.76 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $743.60 million, a PE ratio of 16.95 and a beta of 1.10. The firm has a fifty day simple moving average of $41.08 and a two-hundred day simple moving average of $41.18. Apogee Enterprises, Inc. has a twelve month low of $34.37 and a twelve month high of $87.93.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly 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 business had revenue of $358.19 million during the quarter, compared to analyst estimates of $350.91 million. During the same period in the prior year, the business posted $1.44 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. Apogee Enterprises has set its FY 2026 guidance at 3.600-3.900 EPS. Research analysts expect that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Wednesday, October 29th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, October 29th. Apogee Enterprises’s payout ratio is 50.98%.

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).