Public Employees Retirement System of Ohio Buys New Holdings in Apogee Enterprises, Inc. $APOG

Public Employees Retirement System of Ohio purchased a new position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) in the 2nd quarter, Holdings Channel reports. The firm purchased 14,319 shares of the industrial products company’s stock, valued at approximately $655,000.

A number of other large investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Apogee Enterprises in the 2nd quarter valued at approximately $155,501,000. Vanguard Group Inc. lifted 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 worth $95,657,000 after purchasing an additional 166,402 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Apogee Enterprises by 7.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,063,485 shares of the industrial products company’s stock worth $35,668,000 after purchasing an additional 78,200 shares in the last quarter. State Street Corp grew its stake in shares of Apogee Enterprises by 1.8% during the fourth quarter. State Street Corp now owns 833,781 shares of the industrial products company’s stock worth $30,358,000 after purchasing an additional 14,673 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Apogee Enterprises by 8.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 440,923 shares of the industrial products company’s stock valued at $16,054,000 after buying an additional 34,130 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on APOG shares. Zacks Research cut Apogee Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Wall Street Zen raised Apogee Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Finally, Weiss Ratings downgraded Apogee Enterprises from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, September 3rd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.50.

Apogee Enterprises Trading Down 1.5%

NASDAQ APOG opened at $38.16 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.76 and a quick ratio of 1.34. The firm’s fifty day moving average price is $40.54 and its 200 day moving average price is $38.15. The company has a market capitalization of $796.40 million, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 1.09 and a beta of 1.14. Apogee Enterprises, Inc. has a 12 month low of $30.75 and a 12 month high of $50.88.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly 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. Apogee Enterprises had a net margin of 4.88% and a return on equity of 14.72%. The firm had revenue of $342.68 million for the quarter, compared to analyst estimates of $333.84 million. During the same period last year, the business earned ($0.13) EPS. Apogee Enterprises’s revenue for the quarter was down 1.1% compared to the same quarter last year. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. On average, sell-side analysts expect that Apogee Enterprises, Inc. will post 2.96 earnings per share for the current fiscal year.

Apogee Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Tuesday, July 14th were given a dividend of $0.27 per share. The ex-dividend date was Tuesday, July 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.8%. Apogee Enterprises’s payout ratio is 33.86%.

Apogee Enterprises Company 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.