Walleye Capital LLC Purchases New Holdings in Apogee Enterprises, Inc. $APOG

Walleye Capital LLC purchased a new stake in Apogee Enterprises, Inc. (NASDAQ:APOG) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 55,738 shares of the industrial products company’s stock, valued at approximately $2,549,000. Walleye Capital LLC owned approximately 0.27% of Apogee Enterprises as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of Apogee Enterprises by 82.1% during the 2nd quarter. GAMMA Investing LLC now owns 2,436 shares of the industrial products company’s stock worth $111,000 after purchasing an additional 1,098 shares in the last quarter. Ballast Advisors LLC acquired a new position in shares of Apogee Enterprises in the first quarter valued at $157,000. Parallel Advisors LLC acquired a new position in shares of Apogee Enterprises in the first quarter valued at $30,000. Bank of America Corp DE lifted its position in Apogee Enterprises by 7.6% in the first quarter. Bank of America Corp DE now owns 33,554 shares of the industrial products company’s stock worth $1,125,000 after purchasing an additional 2,365 shares during the period. Finally, Quantinno Capital Management LP lifted its position in Apogee Enterprises by 126.1% in the first quarter. Quantinno Capital Management LP now owns 26,519 shares of the industrial products company’s stock worth $889,000 after purchasing an additional 14,788 shares during the period. Institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Trading Up 0.0%

Shares of APOG opened at $42.58 on Friday. Apogee Enterprises, Inc. has a 1 year low of $30.75 and a 1 year high of $50.88. The company has a current ratio of 1.76, a quick ratio of 1.34 and a debt-to-equity ratio of 0.46. The stock has a 50 day simple moving average of $41.06 and a 200-day simple moving average of $38.17. The stock has a market cap of $888.64 million, a PE ratio of 13.35, a PEG ratio of 1.20 and a beta of 1.15.

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, beating 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 business had revenue of $342.68 million for the quarter, compared to analyst estimates of $333.84 million. During the same quarter in the previous year, the firm earned ($0.13) EPS. Apogee Enterprises’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, sell-side analysts predict that Apogee Enterprises, Inc. will post 2.96 EPS for the current fiscal year.

Apogee Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Tuesday, July 14th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.5%. Apogee Enterprises’s dividend payout ratio (DPR) is presently 33.86%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on APOG. Weiss Ratings upgraded shares of Apogee Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 2nd. Wall Street Zen raised shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Finally, Zacks Research raised shares of Apogee Enterprises from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price 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.