Principal Financial Group Inc. Reduces Holdings in Apogee Enterprises, Inc. $APOG

Principal Financial Group Inc. trimmed its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 15.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,932 shares of the industrial products company’s stock after selling 19,009 shares during the quarter. Principal Financial Group Inc. owned approximately 0.48% of Apogee Enterprises worth $4,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of APOG. Segall Bryant & Hamill LLC increased its stake in shares of Apogee Enterprises by 27.9% in the second quarter. Segall Bryant & Hamill LLC now owns 925,641 shares of the industrial products company’s stock worth $37,581,000 after buying an additional 201,653 shares during the period. American Century Companies Inc. grew its holdings in Apogee Enterprises by 4.4% in the 2nd quarter. American Century Companies Inc. now owns 794,232 shares of the industrial products company’s stock worth $32,246,000 after acquiring an additional 33,411 shares during the last quarter. Deprince Race & Zollo Inc. increased its position in shares of Apogee Enterprises by 97.1% in the third quarter. Deprince Race & Zollo Inc. now owns 500,428 shares of the industrial products company’s stock valued at $21,804,000 after acquiring an additional 246,529 shares during the period. LSV Asset Management increased its position in shares of Apogee Enterprises by 0.3% in the second quarter. LSV Asset Management now owns 483,000 shares of the industrial products company’s stock valued at $19,610,000 after acquiring an additional 1,645 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Apogee Enterprises by 1,074.3% during the first quarter. Millennium Management LLC now owns 320,220 shares of the industrial products company’s stock valued at $14,836,000 after acquiring an additional 292,952 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on APOG. Wall Street Zen raised Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. DA Davidson set a $46.00 price objective on Apogee Enterprises in a report on Friday, January 9th. Zacks Research lowered Apogee Enterprises from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Weiss Ratings cut Apogee Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, January 21st. Finally, Stephens assumed coverage on Apogee Enterprises in a research note on Tuesday, December 16th. They issued an “overweight” rating and a $95.00 price target for the company. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $70.50.

Apogee Enterprises Stock Up 0.0%

APOG stock opened at $41.44 on Monday. The company has a market capitalization of $891.37 million, a price-to-earnings ratio of 22.40 and a beta of 1.11. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.45 and a current ratio of 1.90. The business’s 50 day moving average price is $38.24 and its two-hundred day moving average price is $39.49. Apogee Enterprises, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $49.99.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings results on Wednesday, January 7th. The industrial products company reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.01). The firm had revenue of $348.56 million for the quarter, compared to the consensus estimate of $355.29 million. Apogee Enterprises had a net margin of 2.86% and a return on equity of 15.02%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.19 earnings per share. Apogee Enterprises has set its FY 2026 guidance at 3.4-3.500 EPS. As a group, analysts forecast that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 18th. Investors of record on Tuesday, February 3rd will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Tuesday, February 3rd. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.26. Apogee Enterprises’s dividend payout ratio (DPR) is 58.38%.

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.