Ritholtz Wealth Management Has $535,000 Stake in Apogee Enterprises, Inc. $APOG

Ritholtz Wealth Management cut its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 57.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 12,268 shares of the industrial products company’s stock after selling 16,784 shares during the quarter. Ritholtz Wealth Management’s holdings in Apogee Enterprises were worth $535,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in Apogee Enterprises during the second quarter valued at $38,000. Financial Gravity Companies Inc. acquired a new position in shares of Apogee Enterprises in the 2nd quarter valued at about $38,000. McElhenny Sheffield Capital Management LLC bought a new stake in shares of Apogee Enterprises during the 2nd quarter valued at about $86,000. BNP Paribas Financial Markets grew its stake in Apogee Enterprises by 45.9% during the second quarter. BNP Paribas Financial Markets now owns 2,174 shares of the industrial products company’s stock worth $88,000 after purchasing an additional 684 shares during the period. Finally, CWM LLC increased its holdings in Apogee Enterprises by 98.1% in the second quarter. CWM LLC now owns 2,451 shares of the industrial products company’s stock worth $100,000 after purchasing an additional 1,214 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Stock Performance

Shares of APOG stock opened at $37.24 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.45 and a debt-to-equity ratio of 0.50. The firm has a fifty day simple moving average of $36.72 and a two-hundred day simple moving average of $39.85. Apogee Enterprises, Inc. has a 12 month low of $30.75 and a 12 month high of $58.35. The firm has a market capitalization of $801.03 million, a PE ratio of 20.13 and a beta of 1.08.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings data on Wednesday, January 7th. The industrial products company reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.01). The business had revenue of $348.56 million during the quarter, compared to the consensus estimate of $355.29 million. Apogee Enterprises had a net margin of 2.86% and a return on equity of 15.02%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the business posted $1.19 earnings per share. Apogee Enterprises has set its FY 2026 guidance at 3.4-3.500 EPS. Analysts forecast that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 18th. Shareholders of record on Tuesday, February 3rd will be paid a dividend of $0.27 per share. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.26. The ex-dividend date is Tuesday, February 3rd. This represents a $1.08 dividend on an annualized basis and a yield of 2.9%. Apogee Enterprises’s dividend payout ratio (DPR) is presently 56.22%.

Analysts Set New Price Targets

A number of research firms have issued reports on APOG. Weiss Ratings restated a “hold (c)” rating on shares of Apogee Enterprises in a report on Thursday, October 30th. Stephens began coverage on shares of Apogee Enterprises in a research note on Tuesday, December 16th. They set an “overweight” rating and a $95.00 target price on the stock. DA Davidson set a $46.00 price target on shares of Apogee Enterprises in a report on Friday, January 9th. Finally, Wall Street Zen upgraded shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $70.50.

About Apogee Enterprises

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.