Apogee Enterprises (NASDAQ:APOG) Announces Earnings Results

Apogee Enterprises (NASDAQ:APOG) released its quarterly earnings data on Thursday. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.17, Briefing.com reports. The company had revenue of $361.80 million for the quarter, compared to analysts’ expectations of $337.84 million. Apogee Enterprises had a net margin of 7.44% and a return on equity of 23.47%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.86 EPS. Apogee Enterprises updated its FY 2025 guidance to 4.350-4.750 EPS and its FY25 guidance to $4.35-4.75 EPS.

Apogee Enterprises Price Performance

APOG stock opened at $59.84 on Friday. The stock has a market capitalization of $1.32 billion, a PE ratio of 12.70 and a beta of 1.10. The company’s 50-day moving average is $57.13 and its 200-day moving average is $51.64. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.57 and a quick ratio of 1.28. Apogee Enterprises has a 1 year low of $36.62 and a 1 year high of $62.99.

Hedge Funds Weigh In On Apogee Enterprises

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Apogee Enterprises by 3.8% during the 2nd quarter. BlackRock Inc. now owns 4,077,346 shares of the industrial products company’s stock worth $193,552,000 after purchasing an additional 149,438 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Apogee Enterprises by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 3,097,343 shares of the industrial products company’s stock worth $165,429,000 after purchasing an additional 53,484 shares in the last quarter. State Street Corp boosted its position in shares of Apogee Enterprises by 1.4% during the 1st quarter. State Street Corp now owns 1,137,822 shares of the industrial products company’s stock worth $49,211,000 after purchasing an additional 15,446 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Apogee Enterprises by 5.0% during the 2nd quarter. Geode Capital Management LLC now owns 445,570 shares of the industrial products company’s stock worth $21,151,000 after purchasing an additional 21,098 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Apogee Enterprises by 0.5% in the 1st quarter. Bank of New York Mellon Corp now owns 364,212 shares of the industrial products company’s stock valued at $17,285,000 after acquiring an additional 1,767 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and installs custom glass and aluminum windows, curtainwalls, storefront, and entrance systems for the exterior of buildings primarily in the commercial, institutional, and multi-family residential construction sectors.