Ishara Investments LP Purchases New Stake in Apogee Enterprises, Inc. $APOG

Ishara Investments LP purchased a new stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,000 shares of the industrial products company’s stock, valued at approximately $910,000.

A number of other institutional investors have also recently added to or reduced their stakes in APOG. Raymond James Financial Inc. bought a new position in shares of Apogee Enterprises in the second quarter worth $38,000. Hantz Financial Services Inc. lifted its holdings in shares of Apogee Enterprises by 79.5% in the fourth quarter. Hantz Financial Services Inc. now owns 1,255 shares of the industrial products company’s stock valued at $46,000 after buying an additional 556 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Apogee Enterprises by 46.9% in the third quarter. PNC Financial Services Group Inc. now owns 1,996 shares of the industrial products company’s stock valued at $87,000 after buying an additional 637 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Apogee Enterprises by 45.9% during the second quarter. BNP Paribas Financial Markets now owns 2,174 shares of the industrial products company’s stock valued at $88,000 after purchasing an additional 684 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Apogee Enterprises by 396.4% during the second quarter. Tower Research Capital LLC TRC now owns 3,569 shares of the industrial products company’s stock valued at $145,000 after purchasing an additional 2,850 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors.

Apogee Enterprises Trading Down 0.6%

APOG stock opened at $39.89 on Thursday. The business has a fifty day moving average price of $36.64 and a 200 day moving average price of $37.02. Apogee Enterprises, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $49.99. The stock has a market capitalization of $851.65 million, a price-to-earnings ratio of 15.83, a P/E/G ratio of 1.16 and a beta of 1.18. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.65 and a quick ratio of 1.28.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Friday, April 24th. The industrial products company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Apogee Enterprises had a return on equity of 14.89% and a net margin of 3.85%.The company had revenue of $351.35 million during the quarter, compared to the consensus estimate of $335.98 million. During the same quarter in the previous year, the company posted $0.89 earnings per share. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. Analysts expect that Apogee Enterprises, Inc. will post 2.88 EPS for the current fiscal year.

Apogee Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Wednesday, May 13th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Wednesday, May 13th. Apogee Enterprises’s payout ratio is 42.86%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Zacks Research raised Apogee Enterprises from a “strong sell” rating to a “hold” rating in a research note on Friday, June 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of Apogee Enterprises in a report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Apogee Enterprises currently has an average rating of “Hold” and a consensus price target of $70.50.

Apogee Enterprises 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.