Apogee Enterprises (NASDAQ:APOG) Posts Quarterly Earnings Results, Beats Estimates By $0.17 EPS

Apogee Enterprises (NASDAQ:APOG) announced its quarterly earnings results on Thursday. The industrial products company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.17, Briefing.com reports. The company had revenue of $361.80 million during the quarter, compared to analysts’ expectations of $337.84 million. Apogee Enterprises had a return on equity of 23.84% and a net margin of 7.03%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.86 earnings per share. Apogee Enterprises updated its FY 2025 guidance to 4.350-4.750 EPS and its FY25 guidance to $4.35-4.75 EPS.

Apogee Enterprises Price Performance

Shares of NASDAQ APOG opened at $57.95 on Friday. The stock has a market cap of $1.28 billion, a PE ratio of 12.85 and a beta of 1.10. Apogee Enterprises has a fifty-two week low of $36.62 and a fifty-two week high of $62.99. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.28 and a current ratio of 1.47. The stock has a fifty day moving average of $57.19 and a 200-day moving average of $51.73.

Hedge Funds Weigh In On Apogee Enterprises

Several hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its position in shares of Apogee Enterprises by 9.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 142,872 shares of the industrial products company’s stock valued at $7,631,000 after purchasing an additional 12,117 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Apogee Enterprises by 5.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 22,344 shares of the industrial products company’s stock valued at $1,194,000 after purchasing an additional 1,174 shares in the last quarter. Barclays PLC grew its position in shares of Apogee Enterprises by 82.0% in the fourth quarter. Barclays PLC now owns 54,722 shares of the industrial products company’s stock valued at $2,923,000 after purchasing an additional 24,652 shares in the last quarter. Vanguard Group Inc. boosted its stake in Apogee Enterprises by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 3,097,343 shares of the industrial products company’s stock valued at $165,429,000 after buying an additional 53,484 shares during the period. Finally, Voloridge Investment Management LLC boosted its stake in Apogee Enterprises by 33.3% during the fourth quarter. Voloridge Investment Management LLC now owns 40,668 shares of the industrial products company’s stock valued at $2,172,000 after buying an additional 10,151 shares during the period. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

About Apogee Enterprises

Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and installs custom glass and aluminum windows, curtainwalls, storefront, and entrance systems for the exterior of buildings primarily in the commercial, institutional, and multi-family residential construction sectors.