Vanguard Group Inc. Sells 339,863 Shares of Apogee Enterprises, Inc. $APOG

Vanguard Group Inc. reduced its stake in Apogee Enterprises, Inc. (NASDAQ:APOG) by 12.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,460,821 shares of the industrial products company’s stock after selling 339,863 shares during the quarter. Vanguard Group Inc. owned about 0.11% of Apogee Enterprises worth $107,218,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Apogee Enterprises by 0.5% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 50,328 shares of the industrial products company’s stock valued at $2,043,000 after purchasing an additional 250 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Apogee Enterprises by 5.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,539 shares of the industrial products company’s stock worth $225,000 after buying an additional 285 shares in the last quarter. Rhumbline Advisers raised its stake in Apogee Enterprises by 0.6% during the second quarter. Rhumbline Advisers now owns 63,399 shares of the industrial products company’s stock worth $2,574,000 after acquiring an additional 386 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Apogee Enterprises by 7.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,241 shares of the industrial products company’s stock valued at $268,000 after purchasing an additional 406 shares during the last quarter. Finally, Man Group plc lifted its stake in shares of 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 acquiring an additional 418 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. DA Davidson set a $46.00 target price on shares of Apogee Enterprises in a report on Friday, January 9th. Weiss Ratings cut Apogee Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, January 21st. Stephens assumed coverage on Apogee Enterprises in a research note on Tuesday, December 16th. They set an “overweight” rating and a $95.00 price target on the stock. Wall Street Zen raised shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Zacks Research cut Apogee Enterprises from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $70.50.

Apogee Enterprises Trading Down 0.3%

Shares of APOG stock opened at $38.29 on Thursday. The firm has a market cap of $823.62 million, a P/E ratio of 20.70 and a beta of 1.09. The company has a 50 day moving average of $38.51 and a 200-day moving average of $39.34. The company has a quick ratio of 1.45, a current ratio of 1.90 and a debt-to-equity ratio of 0.50. Apogee Enterprises, Inc. has a 12-month low of $30.75 and a 12-month high of $49.99.

Apogee Enterprises (NASDAQ:APOG) last posted 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 return on equity of 15.02% and a net margin of 2.86%.The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 EPS. Apogee Enterprises has set its FY 2026 guidance at 3.4-3.500 EPS. Sell-side analysts anticipate that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Tuesday, February 3rd were given a dividend of $0.27 per share. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Tuesday, February 3rd. Apogee Enterprises’s dividend payout ratio (DPR) is currently 58.38%.

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.