Moran Wealth Management LLC Trims Holdings in Apogee Enterprises, Inc. $APOG

Moran Wealth Management LLC decreased its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 25.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,829 shares of the industrial products company’s stock after selling 21,458 shares during the period. Moran Wealth Management LLC owned 0.29% of Apogee Enterprises worth $2,107,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Peregrine Capital Management LLC purchased a new position in shares of Apogee Enterprises during the first quarter valued at approximately $3,193,000. Inspire Investing LLC increased its position in Apogee Enterprises by 20.7% during the 1st quarter. Inspire Investing LLC now owns 15,432 shares of the industrial products company’s stock valued at $518,000 after purchasing an additional 2,646 shares during the period. Grace & White Inc. NY raised its holdings in Apogee Enterprises by 14.3% in the 1st quarter. Grace & White Inc. NY now owns 128,572 shares of the industrial products company’s stock worth $4,312,000 after purchasing an additional 16,100 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in Apogee Enterprises in the 1st quarter worth $319,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Apogee Enterprises in the 4th quarter worth about $529,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on APOG shares. Weiss Ratings raised shares of Apogee Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. Wall Street Zen cut Apogee Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Sunday. Finally, Zacks Research upgraded Apogee Enterprises from a “strong sell” rating to a “hold” rating in a report on Friday, June 12th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Apogee Enterprises presently has a consensus rating of “Moderate Buy” and an average price target of $70.50.

Apogee Enterprises Price Performance

Shares of Apogee Enterprises stock opened at $40.57 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.76 and a quick ratio of 1.34. The company has a 50-day moving average of $38.41 and a 200 day moving average of $37.41. The firm has a market cap of $846.70 million, a price-to-earnings ratio of 12.72, a PEG ratio of 1.14 and a beta of 1.13. Apogee Enterprises, Inc. has a 1 year low of $30.75 and a 1 year high of $50.88.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Friday, June 26th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.14. Apogee Enterprises had a net margin of 4.88% and a return on equity of 14.72%. The company had revenue of $342.68 million during the quarter, compared to analysts’ expectations of $333.84 million. During the same period last year, the company posted ($0.13) EPS. Apogee Enterprises’s revenue was down 1.1% on a year-over-year basis. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. As a group, sell-side analysts anticipate that Apogee Enterprises, Inc. will post 2.96 earnings per share for the current fiscal year.

Apogee Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Tuesday, July 14th will be paid a $0.27 dividend. The ex-dividend date is Tuesday, July 14th. This represents a $1.08 annualized dividend and a dividend yield of 2.7%. Apogee Enterprises’s dividend payout ratio is presently 33.86%.

About Apogee Enterprises

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.