Allianz Asset Management GmbH Purchases 27,208 Shares of Apogee Enterprises, Inc. $APOG

Allianz Asset Management GmbH increased its stake in Apogee Enterprises, Inc. (NASDAQ:APOG) by 15.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 198,385 shares of the industrial products company’s stock after purchasing an additional 27,208 shares during the period. Allianz Asset Management GmbH’s holdings in Apogee Enterprises were worth $8,054,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its stake in Apogee Enterprises by 1.3% in the 1st quarter. Victory Capital Management Inc. now owns 1,170,654 shares of the industrial products company’s stock worth $54,236,000 after purchasing an additional 14,687 shares in the last quarter. American Century Companies Inc. boosted its stake in Apogee Enterprises by 9.9% in the 1st quarter. American Century Companies Inc. now owns 760,821 shares of the industrial products company’s stock worth $35,249,000 after purchasing an additional 68,682 shares in the last quarter. Segall Bryant & Hamill LLC boosted its stake in Apogee Enterprises by 9.3% in the 1st quarter. Segall Bryant & Hamill LLC now owns 723,988 shares of the industrial products company’s stock worth $33,542,000 after purchasing an additional 61,430 shares in the last quarter. LSV Asset Management boosted its stake in Apogee Enterprises by 5.6% in the 1st quarter. LSV Asset Management now owns 481,355 shares of the industrial products company’s stock worth $22,301,000 after purchasing an additional 25,326 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Apogee Enterprises by 1,074.3% in the 1st quarter. Millennium Management LLC now owns 320,220 shares of the industrial products company’s stock worth $14,836,000 after purchasing an additional 292,952 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Apogee Enterprises Stock Performance

APOG opened at $39.70 on Wednesday. Apogee Enterprises, Inc. has a 12-month low of $37.25 and a 12-month high of $87.93. The company has a current ratio of 1.76, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $853.95 million, a PE ratio of 19.46 and a beta of 1.06. The firm has a 50 day moving average of $42.70 and a two-hundred day moving average of $41.89.

Apogee Enterprises (NASDAQ:APOG) last posted its earnings results on Thursday, October 9th. The industrial products company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.14. The firm had revenue of $358.19 million during the quarter, compared to analyst estimates of $350.91 million. Apogee Enterprises had a net margin of 3.19% and a return on equity of 15.76%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.44 EPS. Apogee Enterprises has set its FY 2026 guidance at 3.600-3.900 EPS. On average, analysts anticipate that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Wednesday, October 29th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, October 29th. Apogee Enterprises’s payout ratio is 50.98%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. DA Davidson lowered their target price on shares of Apogee Enterprises from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Tuesday, July 1st. Wall Street Zen raised shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Apogee Enterprises in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $45.00.

Apogee Enterprises Profile

Apogee Enterprises, Inc provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical (LSO).