Hsbc Holdings PLC Purchases Shares of 14,434 Apogee Enterprises, Inc. $APOG

Hsbc Holdings PLC purchased a new position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) during the 4th quarter, Holdings Channel.com reports. The fund purchased 14,434 shares of the industrial products company’s stock, valued at approximately $529,000.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Apogee Enterprises by 6.8% during the 4th quarter. Vanguard Group Inc. now owns 2,627,223 shares of the industrial products company’s stock valued at $95,657,000 after purchasing an additional 166,402 shares during the last quarter. Deprince Race & Zollo Inc. grew its stake in shares of Apogee Enterprises by 70.3% during the fourth quarter. Deprince Race & Zollo Inc. now owns 852,351 shares of the industrial products company’s stock valued at $31,034,000 after buying an additional 351,923 shares during the last quarter. State Street Corp increased its holdings in shares of Apogee Enterprises by 1.8% in the fourth quarter. State Street Corp now owns 833,781 shares of the industrial products company’s stock worth $30,358,000 after buying an additional 14,673 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Apogee Enterprises by 8.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 440,923 shares of the industrial products company’s stock worth $16,054,000 after buying an additional 34,130 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Apogee Enterprises by 50.0% in the 3rd quarter. Millennium Management LLC now owns 416,919 shares of the industrial products company’s stock valued at $18,165,000 after acquiring an additional 139,014 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors.

Apogee Enterprises Price Performance

Shares of APOG opened at $41.22 on Friday. The company has a market capitalization 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. The company has a quick ratio of 1.34, a current ratio of 1.76 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average of $38.88 and a 200 day moving average of $37.45. Apogee Enterprises, Inc. has a twelve month low of $30.75 and a twelve month high of $50.88.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings data 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 business had revenue of $342.68 million for the quarter, compared to analysts’ expectations of $333.84 million. During the same period in the prior year, the firm posted ($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 anticipate that Apogee Enterprises, Inc. will post 2.96 earnings per share for the current fiscal year.

Apogee Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Tuesday, July 14th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.6%. The ex-dividend date is Tuesday, July 14th. Apogee Enterprises’s dividend payout ratio (DPR) is presently 33.86%.

Analyst Ratings Changes

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