Principal Financial Group Inc. Sells 19,009 Shares of Apogee Enterprises, Inc. $APOG

Principal Financial Group Inc. lowered its stake in Apogee Enterprises, Inc. (NASDAQ:APOG) by 15.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 103,932 shares of the industrial products company’s stock after selling 19,009 shares during the period. Principal Financial Group Inc.’s holdings in Apogee Enterprises were worth $4,528,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Millennium Management LLC raised its stake in Apogee Enterprises by 1,074.3% during 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 last quarter. Deprince Race & Zollo Inc. raised its position in shares of Apogee Enterprises by 97.1% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 500,428 shares of the industrial products company’s stock worth $21,804,000 after purchasing an additional 246,529 shares during the last quarter. Segall Bryant & Hamill LLC boosted its stake in Apogee Enterprises by 27.9% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 925,641 shares of the industrial products company’s stock worth $37,581,000 after purchasing an additional 201,653 shares in the last quarter. TrueMark Investments LLC bought a new position in Apogee Enterprises in the 3rd quarter worth about $6,335,000. Finally, Qube Research & Technologies Ltd boosted its stake in Apogee Enterprises by 55.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 243,566 shares of the industrial products company’s stock worth $9,889,000 after purchasing an additional 86,971 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Stock Up 0.0%

Shares of Apogee Enterprises stock opened at $41.44 on Monday. Apogee Enterprises, Inc. has a twelve month low of $30.75 and a twelve month high of $49.99. The company has a quick ratio of 1.45, a current ratio of 1.90 and a debt-to-equity ratio of 0.50. The company’s 50 day moving average is $38.24 and its 200 day moving average is $39.49. The company has a market cap of $891.37 million, a price-to-earnings ratio of 22.40 and a beta of 1.11.

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

Apogee Enterprises Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Shareholders of record on Tuesday, February 3rd will be issued a $0.27 dividend. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, February 3rd. Apogee Enterprises’s dividend payout ratio is currently 58.38%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. DA Davidson set a $46.00 price objective on shares of Apogee Enterprises in a research note on Friday, January 9th. Zacks Research downgraded shares of Apogee Enterprises from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Weiss Ratings downgraded shares of Apogee Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, January 21st. Wall Street Zen upgraded shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Stephens started coverage on Apogee Enterprises in a research note on Tuesday, December 16th. They set an “overweight” rating and a $95.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $70.50.

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.