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

ProShare Advisors LLC increased its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG) by 10.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 161,397 shares of the industrial products company’s stock after purchasing an additional 14,865 shares during the period. ProShare Advisors LLC’s holdings in Apogee Enterprises were worth $5,876,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of APOG. Royal Bank of Canada lifted its holdings in Apogee Enterprises by 40.3% in the first quarter. Royal Bank of Canada now owns 8,515 shares of the industrial products company’s stock valued at $395,000 after buying an additional 2,447 shares during the period. AQR Capital Management LLC lifted its holdings in Apogee Enterprises by 24.0% in the first quarter. AQR Capital Management LLC now owns 59,999 shares of the industrial products company’s stock valued at $2,780,000 after buying an additional 11,608 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Apogee Enterprises by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,992 shares of the industrial products company’s stock valued at $602,000 after buying an additional 556 shares during the period. Millennium Management LLC lifted its holdings in Apogee Enterprises by 1,074.3% in the first quarter. Millennium Management LLC now owns 320,220 shares of the industrial products company’s stock valued at $14,836,000 after buying an additional 292,952 shares during the period. Finally, Jane Street Group LLC lifted its holdings in Apogee Enterprises by 120.3% in the first quarter. Jane Street Group LLC now owns 79,281 shares of the industrial products company’s stock valued at $3,673,000 after buying an additional 43,297 shares during the period. Institutional investors own 94.05% of the company’s stock.

Analysts Set New Price Targets

APOG has been the topic of several recent analyst reports. Zacks Research lowered shares of Apogee Enterprises from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Apogee Enterprises in a report on Monday, April 20th. Two analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Apogee Enterprises has an average rating of “Hold” and a consensus price target of $70.50.

Apogee Enterprises Price Performance

APOG stock opened at $35.88 on Friday. The firm has a market cap of $766.04 million, a price-to-earnings ratio of 14.24, a PEG ratio of 1.03 and a beta of 1.17. 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 12-month low of $30.75 and a 12-month high of $49.99. The company’s fifty day simple moving average is $34.70 and its 200 day simple moving average is $36.56.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings data on Friday, April 24th. The industrial products company reported $0.92 earnings per share for the quarter, beating 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 firm had revenue of $351.35 million for the quarter, compared to analyst estimates of $335.98 million. During the same quarter in the prior year, the business earned $0.89 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. On average, analysts expect that Apogee Enterprises, Inc. will post 2.85 earnings per share for the current year.

Apogee Enterprises Announces Dividend

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

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.