ProShare Advisors LLC Purchases 14,865 Shares of Apogee Enterprises, Inc. $APOG

ProShare Advisors LLC boosted its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 10.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 161,397 shares of the industrial products company’s stock after acquiring an additional 14,865 shares during the quarter. ProShare Advisors LLC owned 0.75% of Apogee Enterprises worth $5,876,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Allianz Asset Management GmbH grew its stake in shares of Apogee Enterprises by 35.6% during the third quarter. Allianz Asset Management GmbH now owns 269,011 shares of the industrial products company’s stock worth $11,721,000 after buying an additional 70,626 shares during the last quarter. Deprince Race & Zollo Inc. grew its stake in shares of Apogee Enterprises by 70.3% during the fourth quarter. Deprince Race & Zollo Inc. now owns 852,351 shares of the industrial products company’s stock worth $31,034,000 after buying an additional 351,923 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Apogee Enterprises by 3.9% during the third quarter. American Century Companies Inc. now owns 825,322 shares of the industrial products company’s stock worth $35,959,000 after buying an additional 31,090 shares during the last quarter. TrueMark Investments LLC bought a new stake in shares of Apogee Enterprises during the third quarter worth $6,335,000. Finally, Segall Bryant & Hamill LLC grew its stake in shares of Apogee Enterprises by 3.4% during the third quarter. Segall Bryant & Hamill LLC now owns 957,102 shares of the industrial products company’s stock worth $41,701,000 after buying an additional 31,461 shares during the last quarter. 94.05% of the stock is owned by institutional investors.

Apogee Enterprises Stock Performance

Shares of Apogee Enterprises stock opened at $35.88 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.45. Apogee Enterprises, Inc. has a twelve month low of $30.75 and a twelve month high of $49.99. The stock has a market cap of $766.04 million, a price-to-earnings ratio of 14.24, a P/E/G ratio of 1.03 and a beta of 1.17. The company’s fifty day moving average is $34.70 and its 200 day moving average is $36.56.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Friday, April 24th. The industrial products company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.03. Apogee Enterprises had a net margin of 3.85% and a return on equity of 14.89%. The company had revenue of $351.35 million for the quarter, compared to analysts’ expectations of $335.98 million. During the same quarter in the previous year, the firm posted $0.89 earnings per share. Apogee Enterprises’s revenue for the quarter was up 1.6% on a year-over-year basis. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. Sell-side analysts forecast that Apogee Enterprises, Inc. will post 2.85 EPS for the current year.

Apogee Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Wednesday, May 13th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $1.08 annualized dividend and a dividend yield of 3.0%. Apogee Enterprises’s payout ratio is currently 42.86%.

Analyst Ratings Changes

APOG has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Apogee Enterprises in a research note on Monday, April 20th. Zacks Research cut shares of Apogee Enterprises from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Apogee Enterprises has an average rating of “Hold” and a consensus target price 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.