48,374 Shares in Apogee Enterprises, Inc. $APOG Bought by Legal & General Group Plc

Legal & General Group Plc bought a new stake in Apogee Enterprises, Inc. (NASDAQ:APOG) during the second quarter, HoldingsChannel reports. The fund bought 48,374 shares of the industrial products company’s stock, valued at approximately $2,213,000.

A number of other large investors have also added to or reduced their stakes in the company. Parallel Advisors LLC bought a new stake in Apogee Enterprises during the first quarter worth about $30,000. PNC Financial Services Group Inc. increased its position in shares of Apogee Enterprises by 38.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,065 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 296 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Apogee Enterprises during the 2nd quarter valued at about $38,000. Quantbot Technologies LP purchased a new position in shares of Apogee Enterprises during the 2nd quarter valued at about $39,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Apogee Enterprises during the 1st quarter valued at about $41,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on APOG shares. Weiss Ratings lowered Apogee Enterprises from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. Wall Street Zen raised shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Finally, Zacks Research downgraded shares of Apogee Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Apogee Enterprises currently has a consensus rating of “Moderate Buy” and an average price target of $70.50.

Apogee Enterprises Stock Up 4.7%

Shares of NASDAQ:APOG opened at $39.97 on Friday. The stock’s 50-day moving average price is $40.92 and its 200-day moving average price is $38.22. Apogee Enterprises, Inc. has a 12-month low of $30.75 and a 12-month high of $50.88. The stock has a market capitalization of $834.09 million, a P/E ratio of 12.53, a price-to-earnings-growth ratio of 1.13 and a beta of 1.14. The company has a current ratio of 1.76, a quick ratio of 1.34 and a debt-to-equity ratio of 0.46.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings data 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. Apogee Enterprises had a return on equity of 14.72% and a net margin of 4.88%.The firm had revenue of $342.68 million for the quarter, compared to the consensus estimate of $333.84 million. During the same quarter in the previous year, the business earned ($0.13) earnings per share. The company’s quarterly revenue was down 1.1% on a year-over-year basis. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. On average, equities analysts anticipate that Apogee Enterprises, Inc. will post 2.96 earnings per share for the current year.

Apogee Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Tuesday, July 14th were 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 of this dividend was Tuesday, July 14th. Apogee Enterprises’s 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.