New York State Teachers Retirement System Sells 16,159 Shares of Apogee Enterprises, Inc. $APOG

New York State Teachers Retirement System lessened its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 44.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,989 shares of the industrial products company’s stock after selling 16,159 shares during the quarter. New York State Teachers Retirement System’s holdings in Apogee Enterprises were worth $670,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Peregrine Capital Management LLC purchased a new stake in shares of Apogee Enterprises during the 1st quarter worth approximately $3,193,000. Inspire Investing LLC grew its holdings in shares of Apogee Enterprises by 20.7% in the first quarter. Inspire Investing LLC now owns 15,432 shares of the industrial products company’s stock valued at $518,000 after purchasing an additional 2,646 shares in the last quarter. Grace & White Inc. NY grew its holdings in shares of Apogee Enterprises by 14.3% in the first quarter. Grace & White Inc. NY now owns 128,572 shares of the industrial products company’s stock valued at $4,312,000 after purchasing an additional 16,100 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in Apogee Enterprises in the first quarter worth $319,000. Finally, Hsbc Holdings PLC bought a new stake in Apogee Enterprises in the fourth quarter worth $529,000. Institutional investors own 94.05% of the company’s stock.

Analyst Ratings Changes

APOG has been the topic of a number of recent research reports. Zacks Research raised shares of Apogee Enterprises from a “strong sell” rating to a “hold” rating in a research note on Friday, June 12th. Wall Street Zen cut shares of Apogee Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Sunday, July 5th. Finally, Weiss Ratings upgraded shares of Apogee Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 2nd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $70.50.

Apogee Enterprises Price Performance

Shares of Apogee Enterprises stock opened at $39.00 on Tuesday. The stock has a market cap of $813.93 million, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 1.09 and a beta of 1.13. 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 has a 50 day moving average price of $38.68 and a 200-day moving average price of $37.41. Apogee Enterprises, Inc. has a one year low of $30.75 and a one year high of $50.88.

Apogee Enterprises (NASDAQ:APOG) last released 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 return on equity of 14.72% and a net margin of 4.88%.The firm had revenue of $342.68 million for the quarter, compared to the consensus estimate of $333.84 million. During the same quarter in the previous year, the company posted ($0.13) EPS. The company’s revenue for the quarter 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 analysts expect that Apogee Enterprises, Inc. will post 2.96 EPS for the current year.

Apogee Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 29th. Shareholders 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 yield of 2.8%. Apogee Enterprises’s payout ratio is 33.86%.

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.