Apogee Enterprises (NASDAQ:APOG) Price Target Raised to $65.00 at DA Davidson

Apogee Enterprises (NASDAQ:APOG) had its price target increased by DA Davidson from $60.00 to $65.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a neutral rating on the industrial products company’s stock. DA Davidson also issued estimates for Apogee Enterprises’ Q2 2025 earnings at $1.20 EPS and FY2025 earnings at $4.86 EPS.

Apogee Enterprises Stock Down 1.9 %

NASDAQ APOG opened at $62.84 on Friday. The stock has a 50 day moving average price of $63.45 and a 200-day moving average price of $58.11. Apogee Enterprises has a one year low of $41.01 and a one year high of $67.92. The company has a market capitalization of $1.39 billion, a P/E ratio of 13.93 and a beta of 1.05. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.18 and a current ratio of 1.47.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Thursday, June 27th. The industrial products company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.28. The business had revenue of $331.50 million during the quarter, compared to analysts’ expectations of $333.22 million. Apogee Enterprises had a net margin of 7.03% and a return on equity of 23.84%. The business’s revenue was down 8.3% on a year-over-year basis. During the same period last year, the company posted $1.05 EPS. As a group, equities analysts predict that Apogee Enterprises will post 4.54 EPS for the current fiscal year.

Apogee Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Wednesday, July 10th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Wednesday, July 10th. Apogee Enterprises’s dividend payout ratio (DPR) is 22.17%.

Insider Activity at Apogee Enterprises

In other Apogee Enterprises news, CEO Ty R. Silberhorn sold 10,679 shares of Apogee Enterprises stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $63.10, for a total transaction of $673,844.90. Following the completion of the transaction, the chief executive officer now directly owns 110,806 shares of the company’s stock, valued at $6,991,858.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Herbert K. Parker sold 15,728 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $60.35, for a total transaction of $949,184.80. Following the completion of the transaction, the director now owns 8,636 shares in the company, valued at approximately $521,182.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ty R. Silberhorn sold 10,679 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $63.10, for a total value of $673,844.90. Following the completion of the sale, the chief executive officer now owns 110,806 shares in the company, valued at approximately $6,991,858.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,252 shares of company stock worth $4,786,214. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Apogee Enterprises

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC bought a new stake in Apogee Enterprises during the 4th quarter valued at $31,000. Headlands Technologies LLC boosted its position in Apogee Enterprises by 340.8% during the first quarter. Headlands Technologies LLC now owns 767 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 593 shares in the last quarter. EntryPoint Capital LLC grew its stake in Apogee Enterprises by 31.4% in the first quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 222 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Apogee Enterprises by 599.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,119 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 959 shares in the last quarter. Finally, Mutual of America Capital Management LLC purchased a new stake in shares of Apogee Enterprises during the fourth quarter valued at about $206,000. Institutional investors own 94.05% of the company’s stock.

About Apogee Enterprises

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).