Connors Investor Services Inc. Purchases New Shares in Apogee Enterprises, Inc. $APOG

Connors Investor Services Inc. purchased a new stake in Apogee Enterprises, Inc. (NASDAQ:APOG) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 6,000 shares of the industrial products company’s stock, valued at approximately $244,000.

Several other large investors have also added to or reduced their stakes in APOG. Victory Capital Management Inc. boosted its holdings in shares of Apogee Enterprises by 1.3% during the 1st quarter. Victory Capital Management Inc. now owns 1,170,654 shares of the industrial products company’s stock valued at $54,236,000 after buying an additional 14,687 shares in the last quarter. American Century Companies Inc. boosted its stake in Apogee Enterprises by 9.9% in the 1st quarter. American Century Companies Inc. now owns 760,821 shares of the industrial products company’s stock worth $35,249,000 after purchasing an additional 68,682 shares in the last quarter. Segall Bryant & Hamill LLC boosted its stake in Apogee Enterprises by 9.3% in the 1st quarter. Segall Bryant & Hamill LLC now owns 723,988 shares of the industrial products company’s stock worth $33,542,000 after purchasing an additional 61,430 shares in the last quarter. LSV Asset Management boosted its stake in Apogee Enterprises by 5.6% in the 1st quarter. LSV Asset Management now owns 481,355 shares of the industrial products company’s stock worth $22,301,000 after purchasing an additional 25,326 shares in the last quarter. Finally, Millennium Management LLC raised its position in Apogee Enterprises by 1,074.3% in the 1st quarter. Millennium Management LLC now owns 320,220 shares of the industrial products company’s stock worth $14,836,000 after buying an additional 292,952 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Price Performance

APOG opened at $38.45 on Thursday. The stock’s 50-day moving average price is $42.58 and its 200 day moving average price is $41.87. Apogee Enterprises, Inc. has a 12-month low of $37.25 and a 12-month high of $87.93. The company has a current ratio of 1.76, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. The firm has a market cap of $827.06 million, a price-to-earnings ratio of 18.85 and a beta of 1.06.

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

Apogee Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Wednesday, October 29th will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, October 29th. This represents a $1.04 dividend on an annualized basis and a yield of 2.7%. Apogee Enterprises’s dividend payout ratio (DPR) is currently 50.98%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on APOG. Wall Street Zen raised Apogee Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. DA Davidson decreased their target price on Apogee Enterprises from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Tuesday, July 1st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Apogee Enterprises in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Apogee Enterprises currently has an average rating of “Hold” and a consensus price target of $45.00.

Apogee Enterprises 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).