Victory Capital Management Inc. Has $53.20 Million Holdings in Apogee Enterprises, Inc. $APOG

Victory Capital Management Inc. lessened its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 5.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,221,027 shares of the industrial products company’s stock after selling 71,442 shares during the quarter. Victory Capital Management Inc. owned approximately 5.68% of Apogee Enterprises worth $53,200,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. raised its stake in shares of Apogee Enterprises by 477.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 699 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 578 shares in the last quarter. Financial Gravity Companies Inc. acquired a new position in Apogee Enterprises during the second quarter valued at approximately $38,000. Raymond James Financial Inc. bought a new position in shares of Apogee Enterprises in the second quarter valued at approximately $38,000. PNC Financial Services Group Inc. raised its position in shares of Apogee Enterprises by 46.9% in the third quarter. PNC Financial Services Group Inc. now owns 1,996 shares of the industrial products company’s stock valued at $87,000 after purchasing an additional 637 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in Apogee Enterprises by 45.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,174 shares of the industrial products company’s stock valued at $88,000 after purchasing an additional 684 shares during the period. 94.05% of the stock is owned by institutional investors.

Apogee Enterprises Price Performance

Shares of NASDAQ:APOG opened at $35.25 on Friday. The firm has a market capitalization of $758.23 million, a PE ratio of 19.05 and a beta of 1.09. The company has a current ratio of 1.90, a quick ratio of 1.45 and a debt-to-equity ratio of 0.50. Apogee Enterprises, Inc. has a 1-year low of $30.75 and a 1-year high of $49.99. The business’s 50 day moving average is $38.43 and its 200-day moving average is $39.26.

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

Apogee Enterprises Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Tuesday, February 3rd were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, February 3rd. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.26. Apogee Enterprises’s payout ratio is 58.38%.

Analysts Set New Price Targets

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