Vanguard Group Inc. Purchases 166,402 Shares of Apogee Enterprises, Inc. $APOG

Vanguard Group Inc. grew its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,627,223 shares of the industrial products company’s stock after purchasing an additional 166,402 shares during the quarter. Vanguard Group Inc. owned approximately 12.21% of Apogee Enterprises worth $95,657,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Allianz Asset Management GmbH boosted its stake in shares of Apogee Enterprises by 35.6% in the 3rd quarter. Allianz Asset Management GmbH now owns 269,011 shares of the industrial products company’s stock valued at $11,721,000 after purchasing an additional 70,626 shares during the last quarter. Deprince Race & Zollo Inc. boosted its stake in shares of Apogee Enterprises by 70.3% in the 4th quarter. Deprince Race & Zollo Inc. now owns 852,351 shares of the industrial products company’s stock valued at $31,034,000 after purchasing an additional 351,923 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Apogee Enterprises by 3.9% during the 3rd quarter. American Century Companies Inc. now owns 825,322 shares of the industrial products company’s stock valued at $35,959,000 after acquiring an additional 31,090 shares during the period. TrueMark Investments LLC acquired a new position in shares of Apogee Enterprises during the 3rd quarter valued at $6,335,000. Finally, Segall Bryant & Hamill LLC lifted its position in shares of Apogee Enterprises by 3.4% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 957,102 shares of the industrial products company’s stock valued at $41,701,000 after acquiring an additional 31,461 shares during the period. 94.05% of the stock is owned by institutional investors.

Apogee Enterprises Stock Down 1.2%

Apogee Enterprises stock opened at $35.21 on Thursday. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.45. Apogee Enterprises, Inc. has a 12-month low of $30.75 and a 12-month high of $49.99. The firm’s fifty day moving average is $34.88 and its 200 day moving average is $36.69. The company has a market capitalization of $747.16 million, a PE ratio of 13.97, a PEG ratio of 1.04 and a beta of 1.17.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Friday, April 24th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Apogee Enterprises had a net margin of 3.85% and a return on equity of 14.89%. The company had revenue of $351.35 million for the quarter, compared to the consensus estimate of $335.98 million. During the same quarter in the previous year, the company earned $0.89 EPS. Apogee Enterprises’s quarterly revenue was up 1.6% compared to the same quarter last year. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. As a group, sell-side analysts predict that Apogee Enterprises, Inc. will post 2.85 EPS for the current fiscal year.

Apogee Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Wednesday, May 13th will be issued a dividend of $0.27 per share. The ex-dividend date is Wednesday, May 13th. This represents a $1.08 annualized dividend and a yield of 3.1%. Apogee Enterprises’s dividend payout ratio is presently 42.86%.

Analyst Ratings Changes

A number of research firms recently issued reports on APOG. Zacks Research upgraded shares of Apogee Enterprises from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Apogee Enterprises in a research report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $70.50.

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.