Apogee Enterprises, Inc. $APOG Position Boosted by Renaissance Technologies LLC

Renaissance Technologies LLC increased its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 11.7% in the first quarter, Holdings Channel reports. The firm owned 190,517 shares of the industrial products company’s stock after purchasing an additional 19,934 shares during the quarter. Renaissance Technologies LLC’s holdings in Apogee Enterprises were worth $6,390,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC acquired a new stake in Apogee Enterprises during the first quarter valued at approximately $30,000. PNC Financial Services Group Inc. lifted its holdings in Apogee Enterprises by 38.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,065 shares of the industrial products company’s stock worth $36,000 after buying an additional 296 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Apogee Enterprises in the 2nd quarter worth approximately $38,000. Meeder Asset Management Inc. bought a new stake in shares of Apogee Enterprises in the 1st quarter valued at approximately $41,000. Finally, Hantz Financial Services Inc. increased its holdings in shares of Apogee Enterprises by 79.5% in the 4th quarter. Hantz Financial Services Inc. now owns 1,255 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 556 shares during the last quarter. 94.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Zacks Research upgraded shares of Apogee Enterprises from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings raised 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $70.50.

Apogee Enterprises Stock Up 1.3%

NASDAQ:APOG opened at $42.53 on Wednesday. The firm has a market capitalization of $887.60 million, a PE ratio of 13.33, a price-to-earnings-growth ratio of 1.18 and a beta of 1.15. The stock has a 50 day moving average of $40.24 and a 200-day moving average of $37.89. Apogee Enterprises, Inc. has a 52 week low of $30.75 and a 52 week high of $50.88. 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 (NASDAQ:APOG) last announced its quarterly earnings results on Friday, June 26th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.14. Apogee Enterprises had a return on equity of 14.72% and a net margin of 4.88%.The business had revenue of $342.68 million for the quarter, compared to the consensus estimate of $333.84 million. During the same quarter last year, the business posted ($0.13) EPS. The business’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. Analysts predict that Apogee Enterprises, Inc. will post 2.96 EPS for the current year.

Apogee Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Tuesday, July 14th were given a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a $1.08 annualized dividend and a yield of 2.5%. Apogee Enterprises’s dividend payout ratio (DPR) is currently 33.86%.

Apogee Enterprises Company 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.