Apogee Enterprises, Inc. $APOG Shares Acquired by Gabelli Funds LLC

Gabelli Funds LLC lifted its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG) by 427.3% during the first quarter, Holdings Channel reports. The institutional investor owned 53,852 shares of the industrial products company’s stock after purchasing an additional 43,639 shares during the quarter. Gabelli Funds LLC’s holdings in Apogee Enterprises were worth $1,806,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Deprince Race & Zollo Inc. increased its holdings in shares of Apogee Enterprises by 70.3% in the 4th quarter. Deprince Race & Zollo Inc. now owns 852,351 shares of the industrial products company’s stock valued at $31,034,000 after purchasing an additional 351,923 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of 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 during the period. ProShare Advisors LLC boosted its holdings in Apogee Enterprises by 10.1% during the fourth quarter. ProShare Advisors LLC now owns 161,397 shares of the industrial products company’s stock worth $5,876,000 after buying an additional 14,865 shares in the last quarter. Bruce & Co. Inc. purchased a new stake in Apogee Enterprises during the first quarter worth about $1,677,000. Finally, Ishara Investments LP acquired a new position in Apogee Enterprises during the fourth quarter worth about $910,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Apogee Enterprises Trading Down 4.7%

Shares of APOG stock opened at $39.89 on Thursday. The company has a market capitalization of $832.50 million, a price-to-earnings ratio of 12.50, a PEG ratio of 1.18 and a beta of 1.13. The company has a current ratio of 1.76, a quick ratio of 1.34 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $39.84 and a 200 day moving average price of $37.72. Apogee Enterprises, Inc. has a twelve month low of $30.75 and a twelve month high of $50.88.

Apogee Enterprises (NASDAQ:APOG) last released 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. The company had revenue of $342.68 million for the quarter, compared to analysts’ expectations of $333.84 million. Apogee Enterprises had a net margin of 4.88% and a return on equity of 14.72%. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period last year, the company earned ($0.13) EPS. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. Research analysts forecast that Apogee Enterprises, Inc. will post 2.96 earnings per share for the current fiscal year.

Apogee Enterprises Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Zacks Research raised shares of Apogee Enterprises from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Wall Street Zen raised Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Finally, Weiss Ratings upgraded Apogee Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $70.50.

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.