Apogee Enterprises, Inc. $APOG Position Lessened by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its stake in Apogee Enterprises, Inc. (NASDAQ:APOG) by 72.6% during the 1st quarter, HoldingsChannel reports. The firm owned 4,791 shares of the industrial products company’s stock after selling 12,663 shares during the period. Hsbc Holdings PLC’s holdings in Apogee Enterprises were worth $221,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in APOG. American Century Companies Inc. lifted its holdings in shares of Apogee Enterprises by 9.9% in the 1st quarter. American Century Companies Inc. now owns 760,821 shares of the industrial products company’s stock worth $35,249,000 after purchasing an additional 68,682 shares during the last quarter. Segall Bryant & Hamill LLC raised its stake in Apogee Enterprises by 9.3% during the 1st quarter. Segall Bryant & Hamill LLC now owns 723,988 shares of the industrial products company’s stock valued at $33,542,000 after acquiring an additional 61,430 shares in the last quarter. Nuveen LLC bought a new stake in Apogee Enterprises during the 1st quarter valued at $2,567,000. CX Institutional bought a new stake in Apogee Enterprises during the 1st quarter valued at $2,498,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Apogee Enterprises during the 4th quarter valued at $3,392,000. Institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Stock Down 0.4%

APOG opened at $43.62 on Friday. Apogee Enterprises, Inc. has a one year low of $37.53 and a one year high of $87.93. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.36 and a current ratio of 1.77. The stock’s fifty day moving average is $42.76 and its 200-day moving average is $43.09. The company has a market capitalization of $939.14 million, a PE ratio of 18.64 and a beta of 1.05.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data on Friday, June 27th. The industrial products company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.11. Apogee Enterprises had a return on equity of 17.79% and a net margin of 3.73%.The company had revenue of $346.62 million for the quarter, compared to the consensus estimate of $326.08 million. During the same quarter in the previous year, the business earned $1.44 EPS. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. Apogee Enterprises has set its FY 2026 guidance at 3.800-4.200 EPS. On average, equities analysts predict that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Wednesday, July 16th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Wednesday, July 16th. Apogee Enterprises’s payout ratio is presently 44.44%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on APOG. DA Davidson cut their target price on Apogee Enterprises from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 1st. Wall Street Zen raised Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Friday. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $45.00.

Apogee Enterprises Profile

Apogee Enterprises, Inc provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical (LSO).