Apogee Enterprises, Inc. $APOG Holdings Lifted by ProShare Advisors LLC

ProShare Advisors LLC raised its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 45.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 247,741 shares of the industrial products company’s stock after acquiring an additional 77,452 shares during the period. ProShare Advisors LLC’s holdings in Apogee Enterprises were worth $8,763,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Sterling Capital Management LLC raised its holdings in shares of Apogee Enterprises by 1,803.0% during the third quarter. Sterling Capital Management LLC now owns 8,126 shares of the industrial products company’s stock worth $287,000 after purchasing an additional 7,699 shares during the last quarter. Inspire Investing LLC grew its position in Apogee Enterprises by 20.8% during the 3rd quarter. Inspire Investing LLC now owns 17,897 shares of the industrial products company’s stock worth $633,000 after purchasing an additional 3,079 shares during the period. Isthmus Partners LLC raised its stake in shares of Apogee Enterprises by 0.4% during the 3rd quarter. Isthmus Partners LLC now owns 79,333 shares of the industrial products company’s stock valued at $2,806,000 after buying an additional 318 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Apogee Enterprises by 117.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,232 shares of the industrial products company’s stock valued at $220,000 after buying an additional 3,369 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Apogee Enterprises by 18.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,883 shares of the industrial products company’s stock valued at $102,000 after buying an additional 447 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Apogee Enterprises Trading Up 4.6%

Shares of Apogee Enterprises stock opened at $47.98 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.34 and a current ratio of 1.78. Apogee Enterprises, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $50.88. The firm has a 50-day simple moving average of $40.08 and a two-hundred day simple moving average of $38.76. The company has a market cap of $1.00 billion, a P/E ratio of 15.18, a price-to-earnings-growth ratio of 1.14 and a beta of 1.05.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings results on Tuesday, October 6th. The industrial products company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.58. The company had revenue of $391.13 million during the quarter, compared to analysts’ expectations of $362.61 million. Apogee Enterprises had a return on equity of 15.20% and a net margin of 4.68%. Apogee Enterprises’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 EPS. Apogee Enterprises has set its FY 2027 guidance at 3.000-3.400 EPS. As a group, equities analysts predict that Apogee Enterprises, Inc. will post 3.37 earnings per share for the current fiscal year.

Apogee Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 4th. Investors of record on Tuesday, October 20th were paid a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, October 20th. This represents a $1.08 dividend on an annualized basis and a yield of 2.3%. Apogee Enterprises’s dividend payout ratio (DPR) is currently 34.18%.

Analysts Set New Price Targets

A number of analysts have recently commented on APOG shares. Weiss Ratings upgraded Apogee Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, September 24th. Wall Street Zen upgraded Apogee Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Finally, Zacks Research raised shares of Apogee Enterprises from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 16th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $70.50.

About Apogee Enterprises

Apogee Enterprises, Inc is a manufacturer and distributor of architectural products and services for commercial, institutional and other building projects. The company provides solutions designed to support the building envelope, including high-performance architectural glass, aluminum windows, curtainwall and storefront framing systems, and related components.

Apogee also provides installation and building-envelope services, helping customers with the design, fabrication and construction of exterior glass and framing systems.