Hsbc Holdings PLC Makes New $529,000 Investment in Apogee Enterprises, Inc. $APOG

Hsbc Holdings PLC purchased a new position in Apogee Enterprises, Inc. (NASDAQ:APOG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 14,434 shares of the industrial products company’s stock, valued at approximately $529,000. Hsbc Holdings PLC owned 0.07% of Apogee Enterprises at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Villanova Investment Management Co LLC raised its stake in shares of Apogee Enterprises by 9.4% during the 4th quarter. Villanova Investment Management Co LLC now owns 49,259 shares of the industrial products company’s stock valued at $1,794,000 after purchasing an additional 4,234 shares during the period. Invesco Ltd. boosted its stake in Apogee Enterprises by 9.9% in the 4th quarter. Invesco Ltd. now owns 151,526 shares of the industrial products company’s stock worth $5,517,000 after purchasing an additional 13,649 shares during the period. Summit Global Investments grew its holdings in Apogee Enterprises by 37.0% during the 4th quarter. Summit Global Investments now owns 17,566 shares of the industrial products company’s stock valued at $640,000 after buying an additional 4,745 shares in the last quarter. Vident Advisory LLC grew its holdings in Apogee Enterprises by 18.2% during the 4th quarter. Vident Advisory LLC now owns 15,218 shares of the industrial products company’s stock valued at $554,000 after buying an additional 2,344 shares in the last quarter. Finally, State of Tennessee Department of Treasury increased its position in shares of Apogee Enterprises by 40.2% during the fourth quarter. State of Tennessee Department of Treasury now owns 14,712 shares of the industrial products company’s stock valued at $546,000 after buying an additional 4,218 shares during the period. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Apogee Enterprises Stock Performance

Apogee Enterprises stock opened at $41.22 on Friday. The firm’s fifty day moving average price is $38.88 and its 200-day moving average price is $37.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.34 and a current ratio of 1.76. The stock has a market cap of $860.26 million, a P/E ratio of 12.92, a price-to-earnings-growth ratio of 1.11 and a beta of 1.13. Apogee Enterprises, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $50.88.

Apogee Enterprises (NASDAQ:APOG) last announced its 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 during the quarter, compared to analyst estimates of $333.84 million. Apogee Enterprises had a net margin of 4.88% and a return on equity of 14.72%. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period 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. On average, equities research analysts expect that Apogee Enterprises, Inc. will post 2.96 earnings per share for the current fiscal year.

Apogee Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Shareholders of record on Tuesday, July 14th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, July 14th. This represents a $1.08 annualized dividend and a yield of 2.6%. Apogee Enterprises’s payout ratio is 33.86%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on APOG. Weiss Ratings raised shares of Apogee Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 2nd. Zacks Research raised shares of Apogee Enterprises from a “strong sell” rating to a “hold” rating in a research note on Friday, June 12th. Finally, Wall Street Zen lowered shares of Apogee Enterprises from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 5th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $70.50.

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.