JPMorgan Chase & Co. Boosts Stock Holdings in Apogee Enterprises, Inc. $APOG

JPMorgan Chase & Co. lifted its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 8.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 272,969 shares of the industrial products company’s stock after acquiring an additional 21,764 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.27% of Apogee Enterprises worth $11,893,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in Apogee Enterprises by 46.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,996 shares of the industrial products company’s stock worth $87,000 after purchasing an additional 637 shares in the last quarter. Illinois Municipal Retirement Fund grew its holdings in shares of Apogee Enterprises by 5.1% in the third quarter. Illinois Municipal Retirement Fund now owns 12,031 shares of the industrial products company’s stock valued at $524,000 after acquiring an additional 587 shares in the last quarter. Versor Investments LP increased its position in shares of Apogee Enterprises by 99.8% during the third quarter. Versor Investments LP now owns 14,543 shares of the industrial products company’s stock valued at $634,000 after acquiring an additional 7,265 shares during the last quarter. Johnson Investment Counsel Inc. increased its position in shares of Apogee Enterprises by 15.1% during the third quarter. Johnson Investment Counsel Inc. now owns 5,786 shares of the industrial products company’s stock valued at $252,000 after acquiring an additional 760 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in Apogee Enterprises by 477.7% during the third quarter. Hantz Financial Services Inc. now owns 699 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 578 shares during the period. 94.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

APOG has been the subject of a number of research analyst reports. Zacks Research downgraded shares of Apogee Enterprises from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Weiss Ratings lowered Apogee Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, January 21st. Stephens began coverage on Apogee Enterprises in a research report on Tuesday, December 16th. They set an “overweight” rating and a $95.00 price target on the stock. DA Davidson set a $46.00 price objective on shares of Apogee Enterprises in a research report on Friday, January 9th. Finally, Wall Street Zen raised shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Two research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Apogee Enterprises has a consensus rating of “Hold” and a consensus target price of $70.50.

Apogee Enterprises Stock Down 4.5%

APOG stock opened at $36.58 on Friday. The company’s 50 day moving average is $38.49 and its 200 day moving average is $39.32. The stock has a market cap of $786.84 million, a price-to-earnings ratio of 19.77 and a beta of 1.09. The company has a current ratio of 1.90, a quick ratio of 1.45 and a debt-to-equity ratio of 0.50. Apogee Enterprises, Inc. has a 1-year low of $30.75 and a 1-year high of $49.99.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings results on Wednesday, January 7th. The industrial products company reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.01). Apogee Enterprises had a return on equity of 15.02% and a net margin of 2.86%.The company had revenue of $348.56 million during the quarter, compared to analysts’ expectations of $355.29 million. During the same period in the prior year, the firm earned $1.19 EPS. Apogee Enterprises’s quarterly revenue was up 2.1% on a year-over-year basis. Apogee Enterprises has set its FY 2026 guidance at 3.4-3.500 EPS. Sell-side analysts predict that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Tuesday, February 3rd were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 3.0%. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Tuesday, February 3rd. Apogee Enterprises’s dividend payout ratio is presently 58.38%.

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.