Apogee Enterprises (NASDAQ:APOG) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Apogee Enterprises (NASDAQ:APOG) announced its earnings results on Wednesday. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.01), FiscalAI reports. The business had revenue of $348.56 million for the quarter, compared to analysts’ expectations of $355.29 million. Apogee Enterprises had a net margin of 3.19% and a return on equity of 15.76%. Apogee Enterprises updated its FY 2026 guidance to 3.4-3.500 EPS.

Apogee Enterprises Price Performance

Apogee Enterprises stock opened at $37.29 on Wednesday. The business has a 50 day simple moving average of $36.71 and a 200-day simple moving average of $40.25. Apogee Enterprises has a 12 month low of $32.77 and a 12 month high of $65.50. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.76 and a quick ratio of 1.37. The stock has a market capitalization of $802.11 million, a PE ratio of 18.28 and a beta of 1.08.

Apogee Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Wednesday, October 29th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Wednesday, October 29th. Apogee Enterprises’s dividend payout ratio is 50.98%.

Institutional Trading of Apogee Enterprises

Several hedge funds and other institutional investors have recently made changes to their positions in APOG. Millennium Management LLC raised its holdings in Apogee Enterprises by 50.0% during the third quarter. Millennium Management LLC now owns 416,919 shares of the industrial products company’s stock worth $18,165,000 after purchasing an additional 139,014 shares in the last quarter. Qube Research & Technologies Ltd increased its position in Apogee Enterprises by 55.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 243,566 shares of the industrial products company’s stock worth $9,889,000 after purchasing an additional 86,971 shares during the period. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Apogee Enterprises by 11.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 226,391 shares of the industrial products company’s stock worth $9,864,000 after buying an additional 22,851 shares in the last quarter. UBS Group AG lifted its holdings in shares of Apogee Enterprises by 36.6% in the 3rd quarter. UBS Group AG now owns 216,814 shares of the industrial products company’s stock valued at $9,447,000 after buying an additional 58,073 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Apogee Enterprises by 19.5% in the second quarter. Ameriprise Financial Inc. now owns 158,681 shares of the industrial products company’s stock valued at $6,442,000 after buying an additional 25,914 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. DA Davidson upgraded shares of Apogee Enterprises from a “neutral” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Monday, November 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apogee Enterprises in a research note on Thursday, October 30th. Stephens assumed coverage on Apogee Enterprises in a research note on Tuesday, December 16th. They set an “overweight” rating and a $95.00 price objective for the company. Finally, Wall Street Zen upgraded Apogee Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Apogee Enterprises currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.00.

Apogee Enterprises Company 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.