UBS Group AG Trims Stake in Apogee Enterprises, Inc. $APOG

UBS Group AG reduced its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 42.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,929 shares of the industrial products company’s stock after selling 91,885 shares during the period. UBS Group AG owned approximately 0.58% of Apogee Enterprises worth $4,549,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Apogee Enterprises by 6.8% during the 4th quarter. Vanguard Group Inc. now owns 2,627,223 shares of the industrial products company’s stock valued at $95,657,000 after purchasing an additional 166,402 shares in the last quarter. Grace & White Inc. NY grew its position in shares of Apogee Enterprises by 21.2% during the 4th quarter. Grace & White Inc. NY now owns 112,472 shares of the industrial products company’s stock valued at $4,095,000 after purchasing an additional 19,666 shares in the last quarter. Deprince Race & Zollo Inc. grew its position in shares of Apogee Enterprises by 70.3% during the 4th quarter. Deprince Race & Zollo Inc. now owns 852,351 shares of the industrial products company’s stock valued at $31,034,000 after purchasing an additional 351,923 shares in the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of Apogee Enterprises by 22.5% during the 4th quarter. Wedge Capital Management L L P NC now owns 34,066 shares of the industrial products company’s stock worth $1,240,000 after acquiring an additional 6,247 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Apogee Enterprises by 9.5% during the 4th quarter. SG Americas Securities LLC now owns 29,738 shares of the industrial products company’s stock worth $1,083,000 after acquiring an additional 2,587 shares during the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Apogee Enterprises Stock Performance

NASDAQ APOG opened at $35.88 on Friday. Apogee Enterprises, Inc. has a 52-week low of $30.75 and a 52-week high of $49.99. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.65. The company has a market capitalization of $766.04 million, a P/E ratio of 14.24, a P/E/G ratio of 1.03 and a beta of 1.17. The company has a fifty day moving average of $34.70 and a 200-day moving average of $36.56.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data on Friday, April 24th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Apogee Enterprises had a net margin of 3.85% and a return on equity of 14.89%. The company had revenue of $351.35 million during the quarter, compared to the consensus estimate of $335.98 million. During the same period in the previous year, the firm posted $0.89 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. As a group, equities research analysts predict that Apogee Enterprises, Inc. will post 2.85 EPS for the current fiscal year.

Apogee Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Wednesday, May 13th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $1.08 annualized dividend and a yield of 3.0%. Apogee Enterprises’s payout ratio is currently 42.86%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on APOG. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Apogee Enterprises in a report on Monday, April 20th. Zacks Research downgraded shares of Apogee Enterprises from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $70.50.

About Apogee Enterprises

Apogee Enterprises, Inc is a diversified manufacturer and distributor of value-added architectural products and services. The company specializes in the design, fabrication and installation of high-performance glass, framing systems, curtain walls, skylights and other building envelope solutions. Its operations span three primary platforms—Architectural Framing Systems, Architectural Glass and Architectural Services—enabling Apogee to deliver complete, integrated façade systems for new construction, renovation and retrofit projects.

Headquartered in Minneapolis, Minnesota, Apogee traces its roots to the mid-20th century and today serves commercial, institutional and residential markets across North America and Europe.