Apogee Enterprises (NASDAQ:APOG) Announces Earnings Results, Beats Expectations By $0.14 EPS

Apogee Enterprises (NASDAQ:APOG) released its quarterly earnings data on Friday. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.14, Zacks reports. Apogee Enterprises had a net margin of 3.85% and a return on equity of 14.89%. Apogee Enterprises updated its FY 2027 guidance to 2.700-3.250 EPS.

Apogee Enterprises Stock Up 1.2%

Shares of NASDAQ:APOG opened at $42.48 on Friday. The stock has a market cap of $906.95 million, a P/E ratio of 16.86, a P/E/G ratio of 1.22 and a beta of 1.18. The firm has a fifty day moving average price of $37.35 and a 200 day moving average price of $37.20. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.65 and a quick ratio of 1.28. Apogee Enterprises has a 1-year low of $30.75 and a 1-year high of $49.99.

Apogee Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Tuesday, July 14th will be given a $0.27 dividend. The ex-dividend date is Tuesday, July 14th. This represents a $1.08 annualized dividend and a yield of 2.5%. Apogee Enterprises’s dividend payout ratio is 42.86%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Zacks Research upgraded Apogee Enterprises from a “strong sell” rating to a “hold” rating in a research report on Friday, June 12th. Weiss Ratings reissued 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $70.50.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Invesco Ltd. raised its holdings in shares of Apogee Enterprises by 9.9% in the fourth quarter. Invesco Ltd. now owns 151,526 shares of the industrial products company’s stock valued at $5,517,000 after buying an additional 13,649 shares during the last quarter. Summit Global Investments grew its holdings in shares of Apogee Enterprises by 37.0% during the fourth quarter. Summit Global Investments now owns 17,566 shares of the industrial products company’s stock worth $640,000 after buying an additional 4,745 shares during the last quarter. Vident Advisory LLC increased its position in Apogee Enterprises by 18.2% in the 4th quarter. Vident Advisory LLC now owns 15,218 shares of the industrial products company’s stock valued at $554,000 after acquiring an additional 2,344 shares during the period. State of Tennessee Department of Treasury raised its stake in Apogee Enterprises by 40.2% during the 4th quarter. State of Tennessee Department of Treasury now owns 14,712 shares of the industrial products company’s stock valued at $546,000 after acquiring an additional 4,218 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in Apogee Enterprises during the 4th quarter valued at approximately $206,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

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.