JPMorgan Chase & Co. Purchases 21,764 Shares of Apogee Enterprises, Inc. $APOG

JPMorgan Chase & Co. boosted its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 8.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 272,969 shares of the industrial products company’s stock after purchasing an additional 21,764 shares during the period. JPMorgan Chase & Co.’s holdings in Apogee Enterprises were worth $11,893,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in APOG. Hantz Financial Services Inc. boosted its stake in shares of Apogee Enterprises by 477.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 699 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 578 shares in the last quarter. Financial Gravity Companies Inc. bought a new stake in Apogee Enterprises in the second quarter worth $38,000. Raymond James Financial Inc. purchased a new stake in Apogee Enterprises during the second quarter valued at about $38,000. PNC Financial Services Group Inc. boosted its position in Apogee Enterprises by 46.9% during 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. Finally, BNP Paribas Financial Markets grew its stake 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 buying an additional 684 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Apogee Enterprises Trading Down 4.5%

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

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

Apogee Enterprises Increases Dividend

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

Wall Street Analyst Weigh In

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