Public Employees Retirement System of Ohio Buys Shares of 14,319 Apogee Enterprises, Inc. $APOG

Public Employees Retirement System of Ohio purchased a new stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 14,319 shares of the industrial products company’s stock, valued at approximately $655,000. Public Employees Retirement System of Ohio owned about 0.07% of Apogee Enterprises at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in APOG. PNC Financial Services Group Inc. lifted its holdings in shares of Apogee Enterprises by 38.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,065 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 296 shares during the last quarter. Man Group plc increased its holdings in Apogee Enterprises by 7.1% in the 2nd quarter. Man Group plc now owns 6,267 shares of the industrial products company’s stock valued at $254,000 after purchasing an additional 418 shares during the last quarter. Lazard Asset Management LLC raised its position in 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 valued at $210,000 after purchasing an additional 537 shares during the period. Hantz Financial Services Inc. raised its position 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 during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in 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 purchasing an additional 556 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Apogee Enterprises Price Performance

Apogee Enterprises stock opened at $38.16 on Thursday. The firm has a market cap of $796.40 million, a PE ratio of 11.96, a price-to-earnings-growth ratio of 1.09 and a beta of 1.14. Apogee Enterprises, Inc. has a 52-week low of $30.75 and a 52-week high of $50.88. 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’s 50 day moving average is $40.54 and its two-hundred day moving average is $38.15.

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

Apogee Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Tuesday, July 14th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, July 14th. Apogee Enterprises’s payout ratio is presently 33.86%.

Analysts Set New Price Targets

Several research firms have recently commented on APOG. Wall Street Zen upgraded Apogee Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Zacks Research lowered Apogee Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Finally, Weiss Ratings cut Apogee Enterprises from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, September 3rd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Apogee Enterprises presently has an average rating of “Moderate Buy” and a consensus target price of $70.50.

Apogee Enterprises 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.