Jump Financial LLC Purchases New Stake in Apogee Enterprises, Inc. $APOG

Jump Financial LLC bought a new position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,791 shares of the industrial products company’s stock, valued at approximately $361,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Victory Capital Management Inc. increased its stake in Apogee Enterprises by 1.3% during the first quarter. Victory Capital Management Inc. now owns 1,170,654 shares of the industrial products company’s stock worth $54,236,000 after acquiring an additional 14,687 shares during the last quarter. American Century Companies Inc. increased its stake in Apogee Enterprises by 9.9% during the first quarter. American Century Companies Inc. now owns 760,821 shares of the industrial products company’s stock worth $35,249,000 after acquiring an additional 68,682 shares during the last quarter. Segall Bryant & Hamill LLC increased its stake in Apogee Enterprises by 9.3% during the first quarter. Segall Bryant & Hamill LLC now owns 723,988 shares of the industrial products company’s stock worth $33,542,000 after acquiring an additional 61,430 shares during the last quarter. LSV Asset Management increased its stake in Apogee Enterprises by 5.6% during the first quarter. LSV Asset Management now owns 481,355 shares of the industrial products company’s stock worth $22,301,000 after acquiring an additional 25,326 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Apogee Enterprises by 19.9% during the fourth quarter. Northern Trust Corp now owns 277,942 shares of the industrial products company’s stock worth $19,848,000 after acquiring an additional 46,220 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

APOG has been the subject of several recent analyst reports. DA Davidson cut their target price on Apogee Enterprises from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Tuesday, July 1st. Wall Street Zen cut Apogee Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Apogee Enterprises presently has a consensus rating of “Moderate Buy” and an average target price of $45.00.

Apogee Enterprises Trading Down 2.0%

Shares of NASDAQ APOG opened at $43.10 on Wednesday. Apogee Enterprises, Inc. has a twelve month low of $37.53 and a twelve month high of $87.93. The company has a current ratio of 1.77, a quick ratio of 1.36 and a debt-to-equity ratio of 0.65. The stock has a fifty day simple moving average of $42.58 and a 200-day simple moving average of $43.18. The stock has a market capitalization of $927.94 million, a PE ratio of 18.42 and a beta of 1.05.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Friday, June 27th. The industrial products company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.11. The business had revenue of $346.62 million during the quarter, compared to analysts’ expectations of $326.08 million. Apogee Enterprises had a return on equity of 17.79% and a net margin of 3.73%.The company’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.44 earnings per share. Apogee Enterprises has set its FY 2026 guidance at 3.800-4.200 EPS. On average, equities analysts forecast that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current 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. The ex-dividend date was Wednesday, July 16th. This represents a $1.04 dividend on an annualized basis and a yield of 2.4%. Apogee Enterprises’s dividend payout ratio (DPR) is 44.44%.

Apogee Enterprises Company 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).