79,640 Shares in Apogee Enterprises, Inc. $APOG Acquired by Empowered Funds LLC

Empowered Funds LLC purchased a new position in Apogee Enterprises, Inc. (NASDAQ:APOG) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 79,640 shares of the industrial products company’s stock, valued at approximately $3,643,000.

A number of other institutional investors have also added to or reduced their stakes in APOG. PNC Financial Services Group Inc. grew its holdings in Apogee Enterprises by 38.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,065 shares of the industrial products company’s stock valued at $36,000 after buying an additional 296 shares in the last quarter. Man Group plc lifted its holdings in shares of Apogee Enterprises by 7.1% in the second quarter. Man Group plc now owns 6,267 shares of the industrial products company’s stock worth $254,000 after buying an additional 418 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Apogee Enterprises by 11.5% in the second quarter. Lazard Asset Management LLC now owns 5,212 shares of the industrial products company’s stock worth $210,000 after buying an additional 537 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of Apogee Enterprises by 79.5% during the fourth quarter. Hantz Financial Services Inc. now owns 1,255 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 556 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Apogee Enterprises by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,992 shares of the industrial products company’s stock worth $602,000 after acquiring an additional 556 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

APOG has been the topic of a number of research reports. Wall Street Zen upgraded shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Zacks Research raised shares of Apogee Enterprises from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Finally, Weiss Ratings upgraded Apogee Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Apogee Enterprises presently has an average rating of “Buy” and a consensus price target of $70.50.

Apogee Enterprises Stock Performance

Apogee Enterprises stock opened at $37.59 on Wednesday. The company’s 50-day moving average price is $41.26 and its 200-day moving average price is $38.25. The company has a quick ratio of 1.34, a current ratio of 1.76 and a debt-to-equity ratio of 0.46. The company has a market cap of $784.50 million, a PE ratio of 11.78, a price-to-earnings-growth ratio of 1.10 and a beta of 1.14. Apogee Enterprises, Inc. has a twelve month low of $30.75 and a twelve month high of $50.88.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings results on Friday, June 26th. The industrial products company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.14. The firm had revenue of $342.68 million during the quarter, compared to the consensus estimate of $333.84 million. Apogee Enterprises had a net margin of 4.88% and a return on equity of 14.72%. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.13) EPS. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. On average, equities research analysts forecast that Apogee Enterprises, Inc. will post 2.96 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Tuesday, July 14th were given a dividend of $0.27 per share. The ex-dividend date was Tuesday, July 14th. This represents a $1.08 dividend on an annualized basis and a yield of 2.9%. Apogee Enterprises’s dividend payout ratio is 33.86%.

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.