Moran Wealth Management LLC Sells 21,458 Shares of Apogee Enterprises, Inc. $APOG

Moran Wealth Management LLC trimmed its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 25.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 62,829 shares of the industrial products company’s stock after selling 21,458 shares during the period. Moran Wealth Management LLC’s holdings in Apogee Enterprises were worth $2,107,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of APOG. Deprince Race & Zollo Inc. grew its position in shares of Apogee Enterprises by 70.3% during the 4th quarter. Deprince Race & Zollo Inc. now owns 852,351 shares of the industrial products company’s stock valued at $31,034,000 after acquiring an additional 351,923 shares during the period. ProShare Advisors LLC increased its position in Apogee Enterprises by 10.1% in the fourth quarter. ProShare Advisors LLC now owns 161,397 shares of the industrial products company’s stock worth $5,876,000 after buying an additional 14,865 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Apogee Enterprises by 6.8% in the fourth quarter. Vanguard Group Inc. now owns 2,627,223 shares of the industrial products company’s stock worth $95,657,000 after buying an additional 166,402 shares during the period. Ishara Investments LP bought a new position in shares of Apogee Enterprises in the fourth quarter worth about $910,000. Finally, Grace & White Inc. NY lifted its position in shares of Apogee Enterprises by 14.3% during the 1st quarter. Grace & White Inc. NY now owns 128,572 shares of the industrial products company’s stock valued at $4,312,000 after buying an additional 16,100 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

APOG has been the subject of a number of recent research reports. Zacks Research upgraded Apogee Enterprises from a “strong sell” rating to a “hold” rating in a research note on Friday, June 12th. Wall Street Zen cut shares of Apogee Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Sunday. Finally, Weiss Ratings raised shares of Apogee Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.50.

Apogee Enterprises Stock Performance

NASDAQ APOG opened at $40.57 on Monday. The company has a quick ratio of 1.34, a current ratio of 1.76 and a debt-to-equity ratio of 0.46. Apogee Enterprises, Inc. has a twelve month low of $30.75 and a twelve month high of $50.88. The business has a 50-day moving average price of $38.41 and a 200-day moving average price of $37.41. The firm has a market cap of $846.70 million, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 1.14 and a beta of 1.13.

Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Friday, June 26th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.14. Apogee Enterprises had a return on equity of 14.72% and a net margin of 4.88%.The company had revenue of $342.68 million for the quarter, compared to the consensus estimate of $333.84 million. During the same quarter last year, the company earned ($0.13) EPS. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. As a group, equities research analysts predict that Apogee Enterprises, Inc. will post 2.96 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 29th. Stockholders of record on Tuesday, July 14th will be given a dividend of $0.27 per share. The ex-dividend date is Tuesday, July 14th. This represents a $1.08 annualized dividend and a dividend yield of 2.7%. Apogee Enterprises’s dividend payout ratio (DPR) is presently 33.86%.

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.