Apogee Enterprises (NASDAQ:APOG) Shares Gap Up on Strong Earnings

Apogee Enterprises, Inc. (NASDAQ:APOG)’s stock price gapped up prior to trading on Friday following a stronger than expected earnings report. The stock had previously closed at $42.48, but opened at $46.03. Apogee Enterprises shares last traded at $48.0970, with a volume of 97,893 shares.

The industrial products company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.14. The business had revenue of $342.68 million for the quarter, compared to analysts’ expectations of $333.84 million. Apogee Enterprises had a return on equity of 14.89% and a net margin of 3.85%.The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.13) EPS. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS.

Apogee Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Stockholders of record on Tuesday, July 14th will be given a $0.27 dividend. The ex-dividend date of this dividend is Tuesday, July 14th. This represents a $1.08 annualized dividend and a dividend yield of 2.2%. Apogee Enterprises’s payout ratio is 42.86%.

Key Apogee Enterprises News

Here are the key news stories impacting Apogee Enterprises this week:

• Positive Sentiment: Apogee posted Q1 EPS of $0.57, ahead of the $0.43 consensus estimate, and revenue of $342.68 million versus expectations of $333.84 million, signaling stronger-than-expected operational performance. Why Is Apogee Enterprises Stock Soaring Friday?
• Positive Sentiment: The company also issued FY 2027 EPS guidance of $2.70 to $3.25, which includes the lower end of management expectations but still supports a solid full-year outlook. Apogee Enterprises Reports Fiscal 2027 First Quarter Results
• Neutral Sentiment: Apogee declared a quarterly cash dividend of $0.27 per share, reinforcing shareholder returns but not likely to be the main driver of the stock move. Apogee Enterprises Declares Quarterly Cash Dividend
• Neutral Sentiment: Revenue declined 1.1% from a year ago, which tempers the upbeat reaction to the earnings beat. Conference Call

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Apogee Enterprises in a report on Monday, April 20th. Zacks Research raised Apogee Enterprises from a “strong sell” rating to a “hold” rating in a report on Friday, June 12th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Apogee Enterprises currently has a consensus rating of “Hold” and an average price target of $70.50.

Hedge Funds Weigh In On Apogee Enterprises

A number of large investors have recently modified their holdings of the company. Ballast Advisors LLC purchased a new position in Apogee Enterprises in the 1st quarter worth approximately $157,000. Parallel Advisors LLC purchased a new stake in shares of Apogee Enterprises during the first quarter valued at approximately $30,000. Bank of America Corp DE grew its holdings in shares of Apogee Enterprises by 7.6% in the first quarter. Bank of America Corp DE now owns 33,554 shares of the industrial products company’s stock worth $1,125,000 after purchasing an additional 2,365 shares during the last quarter. Quantinno Capital Management LP grew its holdings in shares of Apogee Enterprises by 126.1% in the first quarter. Quantinno Capital Management LP now owns 26,519 shares of the industrial products company’s stock worth $889,000 after purchasing an additional 14,788 shares during the last quarter. Finally, Lazard Asset Management LLC grew its holdings in shares of Apogee Enterprises by 7.3% in the first quarter. Lazard Asset Management LLC now owns 80,207 shares of the industrial products company’s stock worth $2,690,000 after purchasing an additional 5,463 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Apogee Enterprises Trading Up 15.0%

The company has a debt-to-equity ratio of 0.45, a current ratio of 1.65 and a quick ratio of 1.28. The firm’s 50 day moving average is $37.35 and its 200 day moving average is $37.20. The company has a market capitalization of $1.04 billion, a PE ratio of 19.43, a P/E/G ratio of 1.22 and a beta of 1.18.

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.