Renaissance Technologies LLC Increases Holdings in Apogee Enterprises, Inc. $APOG

Renaissance Technologies LLC raised its stake in Apogee Enterprises, Inc. (NASDAQ:APOG) by 11.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 190,517 shares of the industrial products company’s stock after purchasing an additional 19,934 shares during the quarter. Renaissance Technologies LLC owned about 0.89% of Apogee Enterprises worth $6,390,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in APOG. Deprince Race & Zollo Inc. boosted its position in shares of Apogee Enterprises by 70.3% in the fourth quarter. Deprince Race & Zollo Inc. now owns 852,351 shares of the industrial products company’s stock worth $31,034,000 after buying an additional 351,923 shares during the period. Millennium Management LLC raised its holdings in shares of Apogee Enterprises by 1,074.3% during the 1st 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 period. Federated Hermes Inc. raised its holdings in shares of Apogee Enterprises by 524.3% during the 4th quarter. Federated Hermes Inc. now owns 228,361 shares of the industrial products company’s stock valued at $8,315,000 after buying an additional 191,783 shares during the period. Vanguard Group Inc. lifted its position in 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 worth $95,657,000 after acquiring an additional 166,402 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Apogee Enterprises by 103.2% in the 4th quarter. Russell Investments Group Ltd. now owns 216,607 shares of the industrial products company’s stock worth $7,887,000 after acquiring an additional 110,023 shares during the period. 94.05% of the stock is owned by hedge funds and other institutional investors.

Apogee Enterprises Trading Up 1.3%

Shares of APOG opened at $42.53 on Wednesday. Apogee Enterprises, Inc. has a one year low of $30.75 and a one year high of $50.88. The stock has a 50-day moving average price of $40.24 and a 200 day moving average price of $37.89. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.34 and a current ratio of 1.76. The company has a market capitalization of $887.60 million, a P/E ratio of 13.33, a P/E/G ratio of 1.18 and a beta of 1.15.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data on Friday, June 26th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the business earned ($0.13) EPS. Apogee Enterprises’s revenue for the quarter was down 1.1% compared to the same quarter last year. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. Sell-side analysts forecast that Apogee Enterprises, Inc. will post 2.96 EPS for the current fiscal year.

Apogee Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Tuesday, July 14th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Tuesday, July 14th. Apogee Enterprises’s payout ratio is 33.86%.

Wall Street Analysts Forecast Growth

APOG has been the subject of several recent research reports. Zacks Research raised shares of Apogee Enterprises from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Weiss Ratings raised shares of Apogee Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. Finally, Wall Street Zen upgraded shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $70.50.

Apogee Enterprises 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.