Victory Capital Management Inc. Sells 71,442 Shares of Apogee Enterprises, Inc. $APOG

Victory Capital Management Inc. trimmed its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 5.5% during the third quarter, Holdings Channel reports. The firm owned 1,221,027 shares of the industrial products company’s stock after selling 71,442 shares during the period. Victory Capital Management Inc. owned about 0.06% of Apogee Enterprises worth $53,200,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Royal Bank of Canada lifted its position in shares of Apogee Enterprises by 40.3% during the 1st quarter. Royal Bank of Canada now owns 8,515 shares of the industrial products company’s stock worth $395,000 after buying an additional 2,447 shares during the period. AQR Capital Management LLC raised its stake in Apogee Enterprises by 24.0% during the first quarter. AQR Capital Management LLC now owns 59,999 shares of the industrial products company’s stock worth $2,780,000 after acquiring an additional 11,608 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Apogee Enterprises by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,992 shares of the industrial products company’s stock worth $602,000 after acquiring an additional 556 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of 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 acquiring an additional 292,952 shares during the period. Finally, Jane Street Group LLC boosted its stake in shares of Apogee Enterprises by 120.3% in the 1st quarter. Jane Street Group LLC now owns 79,281 shares of the industrial products company’s stock valued at $3,673,000 after purchasing an additional 43,297 shares in the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Apogee Enterprises Stock Performance

Shares of NASDAQ:APOG opened at $35.25 on Friday. The business has a fifty day moving average of $38.43 and a 200-day moving average of $39.26. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.45 and a current ratio of 1.90. Apogee Enterprises, Inc. has a twelve month low of $30.75 and a twelve month high of $49.99. The firm has a market cap of $758.23 million, a PE ratio of 19.05 and a beta of 1.09.

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

Apogee Enterprises Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Tuesday, February 3rd were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.1%. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Tuesday, February 3rd. Apogee Enterprises’s payout ratio is currently 58.38%.

Wall Street Analysts Forecast Growth

APOG has been the topic of several analyst reports. Wall Street Zen raised shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Zacks Research downgraded shares of Apogee Enterprises from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Stephens began coverage on shares of Apogee Enterprises in a research report on Tuesday, December 16th. They issued an “overweight” rating and a $95.00 price target on the stock. Weiss Ratings cut shares of Apogee Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, January 21st. Finally, DA Davidson set a $46.00 target price on shares of Apogee Enterprises in a research note on Friday, January 9th. Two analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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.