Quantinno Capital Management LP Grows Stock Position in Apogee Enterprises, Inc. $APOG

Quantinno Capital Management LP lifted its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 126.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,519 shares of the industrial products company’s stock after acquiring an additional 14,788 shares during the period. Quantinno Capital Management LP owned 0.12% of Apogee Enterprises worth $889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Millennium Management LLC raised its stake 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 valued at $14,836,000 after purchasing an additional 292,952 shares during the last quarter. Federated Hermes Inc. boosted its stake in Apogee Enterprises by 524.3% during the 4th quarter. Federated Hermes Inc. now owns 228,361 shares of the industrial products company’s stock worth $8,315,000 after purchasing an additional 191,783 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Apogee Enterprises by 6.8% during the fourth quarter. Vanguard Group Inc. now owns 2,627,223 shares of the industrial products company’s stock worth $95,657,000 after buying an additional 166,402 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Apogee Enterprises by 103.2% during the fourth quarter. Russell Investments Group Ltd. now owns 216,607 shares of the industrial products company’s stock worth $7,887,000 after buying an additional 110,023 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Apogee Enterprises by 40.1% in the fourth quarter. JPMorgan Chase & Co. now owns 382,321 shares of the industrial products company’s stock valued at $13,920,000 after buying an additional 109,352 shares during the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Weiss Ratings raised 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 research note on Saturday, July 25th. Finally, Zacks Research upgraded shares of Apogee Enterprises from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $70.50.

Apogee Enterprises Stock Performance

NASDAQ APOG opened at $42.58 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.34 and a current ratio of 1.76. The stock’s fifty day moving average is $41.06 and its two-hundred day moving average is $38.16. The firm has a market capitalization of $888.64 million, a P/E ratio of 13.35, a price-to-earnings-growth ratio of 1.20 and a beta of 1.15. Apogee Enterprises, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $50.88.

Apogee Enterprises (NASDAQ:APOG) last posted its earnings results on Friday, June 26th. The industrial products company reported $0.57 earnings per share for the quarter, beating 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 company had revenue of $342.68 million for the quarter, compared to analyst estimates of $333.84 million. During the same period in the previous year, the business posted ($0.13) EPS. Apogee Enterprises’s 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, research analysts anticipate that Apogee Enterprises, Inc. will post 2.96 earnings per share for the current year.

Apogee Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Tuesday, July 14th were given a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a $1.08 dividend on an annualized basis and a yield of 2.5%. Apogee Enterprises’s payout ratio is presently 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.