Apogee Enterprises (NASDAQ:APOG) Price Target Raised to $65.00

Apogee Enterprises (NASDAQ:APOG) had its price target raised by DA Davidson from $60.00 to $65.00 in a research note released on Friday, Benzinga reports. They currently have a neutral rating on the industrial products company’s stock. DA Davidson also issued estimates for Apogee Enterprises’ Q2 2025 earnings at $1.20 EPS and FY2025 earnings at $4.86 EPS.

Apogee Enterprises Stock Down 1.8 %

Shares of NASDAQ APOG opened at $61.72 on Friday. The firm has a market cap of $1.37 billion, a PE ratio of 12.67 and a beta of 1.00. Apogee Enterprises has a 12-month low of $41.01 and a 12-month high of $67.92. The company’s fifty day simple moving average is $63.53 and its 200 day simple moving average is $58.30. The company has a quick ratio of 1.29, a current ratio of 1.64 and a debt-to-equity ratio of 0.16.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data on Thursday, June 27th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.28. The business had revenue of $331.50 million during the quarter, compared to the consensus estimate of $333.22 million. Apogee Enterprises had a net margin of 7.72% and a return on equity of 24.74%. The firm’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.05 earnings per share. As a group, sell-side analysts forecast that Apogee Enterprises will post 4.86 earnings per share for the current fiscal year.

Apogee Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Wednesday, July 10th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Wednesday, July 10th. Apogee Enterprises’s payout ratio is 20.53%.

Insider Activity

In related news, Director Herbert K. Parker sold 15,728 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $60.35, for a total value of $949,184.80. Following the transaction, the director now owns 8,636 shares in the company, valued at approximately $521,182.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Apogee Enterprises news, Director Herbert K. Parker sold 15,728 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $60.35, for a total value of $949,184.80. Following the completion of the transaction, the director now owns 8,636 shares of the company’s stock, valued at approximately $521,182.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lloyd Emerson Johnson sold 24,000 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $63.13, for a total value of $1,515,120.00. Following the completion of the transaction, the director now directly owns 260 shares of the company’s stock, valued at approximately $16,413.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,252 shares of company stock worth $4,786,214. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Deutsche Bank AG boosted its position in shares of Apogee Enterprises by 13.5% during the 3rd quarter. Deutsche Bank AG now owns 11,059 shares of the industrial products company’s stock valued at $521,000 after acquiring an additional 1,314 shares during the last quarter. FMR LLC increased its stake in shares of Apogee Enterprises by 1.3% during the third quarter. FMR LLC now owns 151,047 shares of the industrial products company’s stock valued at $7,111,000 after buying an additional 1,951 shares during the period. Invesco Ltd. increased its stake in shares of Apogee Enterprises by 32.3% during the third quarter. Invesco Ltd. now owns 294,513 shares of the industrial products company’s stock valued at $13,866,000 after buying an additional 71,915 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in Apogee Enterprises by 297.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 33,934 shares of the industrial products company’s stock valued at $1,598,000 after purchasing an additional 25,396 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in Apogee Enterprises by 8.7% during the third quarter. O Shaughnessy Asset Management LLC now owns 13,888 shares of the industrial products company’s stock valued at $654,000 after purchasing an additional 1,116 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

About Apogee Enterprises

Apogee Enterprises, Inc provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical (LSO).