Allianz Asset Management GmbH Boosts Position in Apogee Enterprises, Inc. $APOG

Allianz Asset Management GmbH increased its stake in Apogee Enterprises, Inc. (NASDAQ:APOG) by 15.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 198,385 shares of the industrial products company’s stock after buying an additional 27,208 shares during the period. Allianz Asset Management GmbH owned 0.92% of Apogee Enterprises worth $8,054,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in APOG. SG Americas Securities LLC purchased a new position in Apogee Enterprises in the 1st quarter worth about $280,000. Janney Montgomery Scott LLC increased its stake in Apogee Enterprises by 18.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 29,914 shares of the industrial products company’s stock worth $1,386,000 after buying an additional 4,680 shares during the period. Johnson Investment Counsel Inc. increased its stake in Apogee Enterprises by 16.7% in the 1st quarter. Johnson Investment Counsel Inc. now owns 4,633 shares of the industrial products company’s stock worth $215,000 after buying an additional 663 shares during the period. Principal Financial Group Inc. increased its stake in Apogee Enterprises by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 120,751 shares of the industrial products company’s stock worth $5,594,000 after buying an additional 2,981 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in Apogee Enterprises by 455.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 10,152 shares of the industrial products company’s stock worth $470,000 after buying an additional 8,325 shares during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on APOG. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Apogee Enterprises in a research note on Wednesday, October 8th. DA Davidson dropped their target price on shares of Apogee Enterprises from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday, July 1st. 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 investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Apogee Enterprises has an average rating of “Hold” and a consensus price target of $45.00.

Apogee Enterprises Stock Up 4.0%

Shares of Apogee Enterprises stock opened at $39.70 on Wednesday. Apogee Enterprises, Inc. has a 1 year low of $37.25 and a 1 year high of $87.93. The stock has a market cap of $853.95 million, a price-to-earnings ratio of 19.46 and a beta of 1.06. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.76 and a quick ratio of 1.37. The firm’s 50-day moving average is $42.70 and its two-hundred day moving average is $41.89.

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

Apogee Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Wednesday, October 29th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Wednesday, October 29th. Apogee Enterprises’s dividend payout ratio (DPR) is currently 50.98%.

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).