New York State Teachers Retirement System Reduces Holdings in Apogee Enterprises, Inc. $APOG

New York State Teachers Retirement System trimmed its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 44.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,989 shares of the industrial products company’s stock after selling 16,159 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Apogee Enterprises worth $670,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in APOG. Raymond James Financial Inc. purchased a new stake in shares of Apogee Enterprises in the 2nd quarter worth $38,000. Hantz Financial Services Inc. lifted its position in shares of Apogee Enterprises by 79.5% during the 4th quarter. Hantz Financial Services Inc. now owns 1,255 shares of the industrial products company’s stock valued at $46,000 after buying an additional 556 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Apogee Enterprises by 45.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,174 shares of the industrial products company’s stock valued at $88,000 after acquiring an additional 684 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Apogee Enterprises by 396.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,569 shares of the industrial products company’s stock valued at $145,000 after acquiring an additional 2,850 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in Apogee Enterprises in the 4th quarter worth approximately $206,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on APOG shares. Wall Street Zen cut shares of Apogee Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Sunday, July 5th. Weiss Ratings upgraded shares of Apogee Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. Finally, Zacks Research raised shares of Apogee Enterprises from a “strong sell” rating to a “hold” rating in a research note on Friday, June 12th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Apogee Enterprises presently has a consensus rating of “Moderate Buy” and an average target price of $70.50.

Apogee Enterprises Stock Up 0.5%

NASDAQ APOG opened at $39.00 on Tuesday. The stock’s 50 day moving average is $38.68 and its 200 day moving average is $37.41. The company has a current ratio of 1.76, a quick ratio of 1.34 and a debt-to-equity ratio of 0.46. Apogee Enterprises, Inc. has a 12 month low of $30.75 and a 12 month high of $50.88. The stock has a market cap of $813.93 million, a PE ratio of 12.23, a P/E/G ratio of 1.09 and a beta of 1.13.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings data 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. The business had revenue of $342.68 million during the quarter, compared to analyst estimates of $333.84 million. Apogee Enterprises had a net margin of 4.88% and a return on equity of 14.72%. The company’s revenue was down 1.1% on a year-over-year basis. During the same period last year, the firm posted ($0.13) EPS. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. Research analysts predict that Apogee Enterprises, Inc. will post 2.96 EPS for the current fiscal year.

Apogee Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Tuesday, July 14th will be given a dividend of $0.27 per share. The ex-dividend date is Tuesday, July 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.8%. Apogee Enterprises’s dividend payout ratio is currently 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.