New York State Teachers Retirement System Sells 500 Shares of Apogee Enterprises, Inc. $APOG

New York State Teachers Retirement System trimmed its stake in Apogee Enterprises, Inc. (NASDAQ:APOG) by 1.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,723 shares of the industrial products company’s stock after selling 500 shares during the quarter. New York State Teachers Retirement System’s holdings in Apogee Enterprises were worth $1,613,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Financial Gravity Asset Management Inc. bought a new position in shares of Apogee Enterprises during the 1st quarter worth about $44,000. Quarry LP raised its stake in Apogee Enterprises by 3,991.1% during the 1st quarter. Quarry LP now owns 1,841 shares of the industrial products company’s stock worth $85,000 after buying an additional 1,796 shares during the period. McElhenny Sheffield Capital Management LLC bought a new position in Apogee Enterprises in the second quarter worth approximately $86,000. CWM LLC grew its stake in Apogee Enterprises by 98.1% in the second quarter. CWM LLC now owns 2,451 shares of the industrial products company’s stock valued at $100,000 after acquiring an additional 1,214 shares during the period. Finally, Johnson Investment Counsel Inc. increased its holdings in shares of Apogee Enterprises by 8.5% during the second quarter. Johnson Investment Counsel Inc. now owns 5,026 shares of the industrial products company’s stock valued at $204,000 after acquiring an additional 393 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Apogee Enterprises Price Performance

APOG opened at $38.45 on Thursday. Apogee Enterprises, Inc. has a fifty-two week low of $37.25 and a fifty-two week high of $87.93. The firm has a 50-day moving average of $42.58 and a 200 day moving average of $41.87. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.76. The firm has a market cap of $827.06 million, a P/E ratio of 18.85 and a beta of 1.06.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Thursday, October 9th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.14. Apogee Enterprises had a return on equity of 15.76% and a net margin of 3.19%.The business had revenue of $358.19 million during the quarter, compared to the consensus estimate of $350.91 million. During the same period last year, the business posted $1.44 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. Apogee Enterprises has set its FY 2026 guidance at 3.600-3.900 EPS. On average, research analysts expect that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Wednesday, October 29th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, October 29th. This represents a $1.04 annualized dividend and a yield of 2.7%. Apogee Enterprises’s payout ratio is currently 50.98%.

Analysts Set New Price Targets

Several research firms recently issued reports on APOG. DA Davidson reduced their price target on shares of Apogee Enterprises from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Tuesday, July 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Apogee Enterprises in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $45.00.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical (LSO).