Apogee Enterprises, Inc. $APOG Shares Acquired by Grace & White Inc. NY

Grace & White Inc. NY grew its holdings in Apogee Enterprises, Inc. (NASDAQ:APOGFree Report) by 14.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 128,572 shares of the industrial products company’s stock after acquiring an additional 16,100 shares during the quarter. Grace & White Inc. NY’s holdings in Apogee Enterprises were worth $4,312,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in Apogee Enterprises during the second quarter worth approximately $38,000. Hantz Financial Services Inc. boosted its holdings in Apogee Enterprises by 79.5% in the fourth quarter. Hantz Financial Services Inc. now owns 1,255 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 556 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Apogee Enterprises by 46.9% in the third quarter. PNC Financial Services Group Inc. now owns 1,996 shares of the industrial products company’s stock valued at $87,000 after purchasing an additional 637 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Apogee Enterprises by 45.9% in the second quarter. BNP Paribas Financial Markets now owns 2,174 shares of the industrial products company’s stock valued at $88,000 after purchasing an additional 684 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in Apogee Enterprises by 396.4% during the second quarter. Tower Research Capital LLC TRC now owns 3,569 shares of the industrial products company’s stock worth $145,000 after purchasing an additional 2,850 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Key Stories Impacting Apogee Enterprises

Here are the key news stories impacting Apogee Enterprises this week:

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Apogee Enterprises in a research report on Monday, April 20th. Finally, Zacks Research upgraded shares of Apogee Enterprises from a “strong sell” rating to a “hold” rating in a research note on Friday, June 12th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Apogee Enterprises presently has a consensus rating of “Hold” and an average target price of $70.50.

Read Our Latest Analysis on APOG

Apogee Enterprises Stock Up 15.2%

Shares of NASDAQ APOG opened at $48.92 on Friday. The business has a 50-day moving average price of $37.63 and a 200 day moving average price of $37.28. The stock has a market cap of $1.04 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 1.23 and a beta of 1.18. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.45. Apogee Enterprises, Inc. has a 52-week low of $30.75 and a 52-week high of $50.88.

Apogee Enterprises (NASDAQ:APOGGet Free Report) last released its quarterly earnings results on Friday, June 26th. The industrial products company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.43 by $0.14. Apogee Enterprises had a return on equity of 14.89% and a net margin of 3.85%.The company 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 company posted ($0.13) earnings per share. The firm’s revenue was down 1.1% compared to the same quarter last year. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. Equities research analysts forecast that Apogee Enterprises, Inc. will post 2.88 earnings per share for the current year.

Apogee Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 29th. Stockholders of record on Tuesday, July 14th will be given a dividend of $0.27 per share. The ex-dividend date is Tuesday, July 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.2%. Apogee Enterprises’s dividend payout ratio (DPR) is 42.86%.

About Apogee Enterprises

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Apogee Enterprises (NASDAQ:APOG)

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