Bruce & Co. Inc. Makes New Investment in Apogee Enterprises, Inc. $APOG

Bruce & Co. Inc. acquired a new position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) in the first quarter, HoldingsChannel.com reports. The firm acquired 50,000 shares of the industrial products company’s stock, valued at approximately $1,677,000. Apogee Enterprises makes up about 0.5% of Bruce & Co. Inc.’s holdings, making the stock its 28th largest position.

Several other hedge funds also recently modified their holdings of the stock. Deprince Race & Zollo Inc. increased its position in shares of Apogee Enterprises by 70.3% in the fourth quarter. Deprince Race & Zollo Inc. now owns 852,351 shares of the industrial products company’s stock valued at $31,034,000 after acquiring an additional 351,923 shares during the last quarter. Millennium Management LLC raised its holdings in Apogee Enterprises by 1,074.3% during the first quarter. Millennium Management LLC now owns 320,220 shares of the industrial products company’s stock worth $14,836,000 after acquiring an additional 292,952 shares in the last quarter. Federated Hermes Inc. boosted its position in Apogee Enterprises by 524.3% during the fourth quarter. Federated Hermes Inc. now owns 228,361 shares of the industrial products company’s stock valued at $8,315,000 after purchasing an additional 191,783 shares during the last quarter. Vanguard Group Inc. grew its stake in Apogee Enterprises by 6.8% in the fourth quarter. Vanguard Group Inc. now owns 2,627,223 shares of the industrial products company’s stock valued at $95,657,000 after purchasing an additional 166,402 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Apogee Enterprises by 103.2% in the fourth quarter. Russell Investments Group Ltd. now owns 216,607 shares of the industrial products company’s stock valued at $7,887,000 after purchasing an additional 110,023 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Trading Up 0.2%

Shares of NASDAQ:APOG opened at $40.27 on Friday. Apogee Enterprises, Inc. has a 52-week low of $30.75 and a 52-week high of $50.88. The company has a market capitalization of $840.43 million, a P/E ratio of 12.62, a price-to-earnings-growth ratio of 1.13 and a beta of 1.13. The company has a 50-day simple moving average of $39.29 and a 200 day simple moving average of $37.56. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.34 and a current ratio of 1.76.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings results on Friday, June 26th. The industrial products company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.14. The firm had revenue of $342.68 million for the quarter, compared to the consensus estimate of $333.84 million. Apogee Enterprises had a return on equity of 14.72% and a net margin of 4.88%.The business’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.13) earnings per share. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. Sell-side analysts forecast that Apogee Enterprises, Inc. will post 2.96 earnings per share for the current year.

Apogee Enterprises Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on APOG shares. Wall Street Zen lowered Apogee Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Sunday, July 5th. Zacks Research raised shares of Apogee Enterprises from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Weiss Ratings upgraded shares of Apogee Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Apogee Enterprises presently has an average rating of “Buy” and a consensus target price of $70.50.

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.