Peregrine Capital Management LLC Purchases New Stake in Apogee Enterprises, Inc. $APOG

Peregrine Capital Management LLC purchased a new stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 95,190 shares of the industrial products company’s stock, valued at approximately $3,193,000. Peregrine Capital Management LLC owned approximately 0.44% of Apogee Enterprises at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of APOG. Raymond James Financial Inc. acquired a new position in shares of Apogee Enterprises during the second quarter valued at about $38,000. Hantz Financial Services Inc. raised its holdings in shares of Apogee Enterprises by 79.5% in the 4th quarter. Hantz Financial Services Inc. now owns 1,255 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 556 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Apogee Enterprises by 46.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,996 shares of the industrial products company’s stock valued at $87,000 after acquiring an additional 637 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Apogee Enterprises by 45.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,174 shares of the industrial products company’s stock valued at $88,000 after acquiring an additional 684 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Apogee Enterprises by 396.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,569 shares of the industrial products company’s stock valued at $145,000 after purchasing an additional 2,850 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on APOG shares. Wall Street Zen raised Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 27th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Apogee Enterprises in a research report on Monday, April 20th. Finally, Zacks Research upgraded Apogee Enterprises from a “strong sell” rating to a “hold” rating in a report on Friday, June 12th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $70.50.

Apogee Enterprises Trading Down 7.5%

Shares of APOG stock opened at $40.57 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.34 and a current ratio of 1.76. The company has a market capitalization of $846.70 million, a price-to-earnings ratio of 12.72, a PEG ratio of 1.24 and a beta of 1.13. Apogee Enterprises, Inc. has a 52-week low of $30.75 and a 52-week high of $50.88. The company has a 50-day simple moving average of $38.30 and a two-hundred day simple moving average of $37.41.

Apogee Enterprises (NASDAQ:APOG) last posted its earnings results on Friday, June 26th. The industrial products company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.43 by $0.14. The firm had revenue of $342.68 million for the quarter, compared to analysts’ expectations of $333.84 million. Apogee Enterprises had a net margin of 4.88% and a return on equity of 14.72%. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.13) EPS. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. Research analysts anticipate that Apogee Enterprises, Inc. will post 2.94 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 29th. Shareholders of record on Tuesday, July 14th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Tuesday, July 14th. Apogee Enterprises’s dividend payout ratio is 33.86%.

Apogee Enterprises Profile

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.