Apogee Enterprises, Inc. Expected to Earn FY2025 Earnings of $4.54 Per Share (NASDAQ:APOG)

Apogee Enterprises, Inc. (NASDAQ:APOG) – Stock analysts at DA Davidson raised their FY2025 earnings estimates for shares of Apogee Enterprises in a research report issued to clients and investors on Tuesday, April 23rd. DA Davidson analyst B. Thielman now forecasts that the industrial products company will post earnings of $4.54 per share for the year, up from their prior estimate of $4.12. The consensus estimate for Apogee Enterprises’ current full-year earnings is $4.57 per share.

Apogee Enterprises Trading Down 1.5 %

Shares of APOG stock opened at $61.32 on Wednesday. Apogee Enterprises has a 1 year low of $36.62 and a 1 year high of $62.99. The firm has a fifty day moving average price of $57.54 and a 200-day moving average price of $52.08. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.47 and a quick ratio of 1.18. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 13.60 and a beta of 1.10.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Thursday, April 18th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.17. Apogee Enterprises had a net margin of 7.03% and a return on equity of 23.84%. The firm had revenue of $361.80 million during the quarter, compared to the consensus estimate of $337.84 million. During the same quarter in the previous year, the firm posted $0.86 EPS. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in shares of Apogee Enterprises during the 4th quarter valued at $22,260,000. Pacer Advisors Inc. lifted its stake in shares of Apogee Enterprises by 69.8% during the 4th quarter. Pacer Advisors Inc. now owns 537,470 shares of the industrial products company’s stock valued at $28,706,000 after buying an additional 220,898 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Apogee Enterprises by 23.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 249,177 shares of the industrial products company’s stock valued at $13,309,000 after buying an additional 47,099 shares in the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of Apogee Enterprises by 91.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 102,247 shares of the industrial products company’s stock valued at $4,814,000 after buying an additional 48,892 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in Apogee Enterprises by 147.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 27,868 shares of the industrial products company’s stock worth $1,312,000 after purchasing an additional 16,610 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Insider Activity

In other news, EVP Curtis John Dobler sold 3,797 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $60.46, for a total transaction of $229,566.62. Following the completion of the sale, the executive vice president now owns 32,653 shares of the company’s stock, valued at approximately $1,974,200.38. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP Curtis John Dobler sold 3,797 shares of Apogee Enterprises stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $60.46, for a total transaction of $229,566.62. Following the transaction, the executive vice president now owns 32,653 shares in the company, valued at approximately $1,974,200.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Troy R. Johnson sold 12,000 shares of Apogee Enterprises stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $61.06, for a total transaction of $732,720.00. Following the transaction, the insider now owns 33,433 shares in the company, valued at approximately $2,041,418.98. The disclosure for this sale can be found here. Insiders sold a total of 31,525 shares of company stock valued at $1,911,471 in the last 90 days. Company insiders own 2.00% of the company’s stock.

About Apogee Enterprises

Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and installs custom glass and aluminum windows, curtainwalls, storefront, and entrance systems for the exterior of buildings primarily in the commercial, institutional, and multi-family residential construction sectors.