Bailard Inc. Buys New Stake in Apogee Enterprises, Inc. $APOG

Bailard Inc. bought a new position in Apogee Enterprises, Inc. (NASDAQ:APOG) during the 3rd quarter, Holdings Channel reports. The fund bought 15,700 shares of the industrial products company’s stock, valued at approximately $684,000.

A number of other hedge funds also recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Apogee Enterprises by 0.5% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 50,328 shares of the industrial products company’s stock worth $2,043,000 after purchasing an additional 250 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Apogee Enterprises by 5.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,539 shares of the industrial products company’s stock valued at $225,000 after buying an additional 285 shares during the last quarter. SummerHaven Investment Management LLC grew its holdings in Apogee Enterprises by 2.4% in the 2nd quarter. SummerHaven Investment Management LLC now owns 13,496 shares of the industrial products company’s stock valued at $548,000 after buying an additional 311 shares during the last quarter. Rhumbline Advisers increased its position in Apogee Enterprises by 0.6% in the 2nd quarter. Rhumbline Advisers now owns 63,399 shares of the industrial products company’s stock worth $2,574,000 after buying an additional 386 shares during the period. Finally, Johnson Investment Counsel Inc. increased its position in Apogee Enterprises by 8.5% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 5,026 shares of the industrial products company’s stock worth $204,000 after buying an additional 393 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on APOG. Stephens initiated coverage on Apogee Enterprises in a research report on Tuesday, December 16th. They issued an “overweight” rating and a $95.00 price objective for the company. DA Davidson set a $46.00 price target on shares of Apogee Enterprises in a report on Friday, January 9th. Weiss Ratings lowered shares of Apogee Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. Zacks Research lowered shares of Apogee Enterprises from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Finally, Wall Street Zen upgraded shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Two investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $70.50.

Apogee Enterprises Trading Down 2.0%

Shares of Apogee Enterprises stock opened at $38.86 on Friday. Apogee Enterprises, Inc. has a 52-week low of $30.75 and a 52-week high of $56.10. The firm has a market capitalization of $835.88 million, a PE ratio of 21.01 and a beta of 1.08. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.90 and a quick ratio of 1.45. The company’s fifty day moving average price is $37.04 and its two-hundred day moving average price is $39.82.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings data 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 business had revenue of $348.56 million for the quarter, compared to the consensus estimate of $355.29 million. Apogee Enterprises had a return on equity of 15.02% and a net margin of 2.86%.Apogee Enterprises’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.19 earnings per share. Apogee Enterprises has set its FY 2026 guidance at 3.4-3.500 EPS. On average, analysts expect that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Stockholders of record on Tuesday, February 3rd will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, February 3rd. This is a boost from Apogee Enterprises’s previous quarterly dividend of $0.26. Apogee Enterprises’s payout ratio is currently 56.22%.

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.