Rhumbline Advisers raised its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 4.9% during the third quarter, Holdings Channel reports. The firm owned 40,661 shares of the company’s stock after buying an additional 1,900 shares during the period. Rhumbline Advisers owned approximately 0.14% of Apogee Enterprises worth $1,817,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the stock. Victory Capital Management Inc. increased its stake in Apogee Enterprises by 258.2% in the third quarter. Victory Capital Management Inc. now owns 1,166,995 shares of the company’s stock worth $52,153,000 after buying an additional 841,193 shares during the last quarter. Peregrine Capital Management LLC purchased a new stake in Apogee Enterprises during the third quarter worth $27,174,000. American Century Companies Inc. increased its stake in Apogee Enterprises by 107.4% in the second quarter. American Century Companies Inc. now owns 599,221 shares of the company’s stock worth $27,774,000 after buying an additional 310,303 shares during the last quarter. BlackRock Fund Advisors increased its stake in Apogee Enterprises by 7.8% in the third quarter. BlackRock Fund Advisors now owns 1,954,107 shares of the company’s stock worth $87,329,000 after buying an additional 141,820 shares during the last quarter. Finally, Copper Rock Capital Partners LLC increased its stake in Apogee Enterprises by 21.9% in the third quarter. Copper Rock Capital Partners LLC now owns 657,566 shares of the company’s stock worth $29,156,000 after buying an additional 117,925 shares during the last quarter.
Shares of Apogee Enterprises, Inc. (NASDAQ:APOG) traded down 1.91% during mid-day trading on Friday, reaching $57.49. The company’s stock had a trading volume of 295,632 shares. Apogee Enterprises, Inc. has a 52-week low of $33.67 and a 52-week high of $58.96. The company has a 50-day moving average price of $53.95 and a 200 day moving average price of $47.75. The company has a market cap of $1.65 billion, a PE ratio of 20.16 and a beta of 1.42.
Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Wednesday, December 14th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.01. Apogee Enterprises had a return on equity of 19.12% and a net margin of 7.77%. The firm earned $274.07 million during the quarter. During the same quarter in the prior year, the business posted $0.63 EPS. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. Equities analysts expect that Apogee Enterprises, Inc. will post $2.89 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Tuesday, January 31st will be given a dividend of $0.14 per share. The ex-dividend date is Friday, January 27th. This represents a $0.56 annualized dividend and a dividend yield of 0.97%. This is a boost from Apogee Enterprises’s previous quarterly dividend of $0.13. Apogee Enterprises’s dividend payout ratio (DPR) is currently 17.54%.
A number of analysts recently weighed in on APOG shares. Zacks Investment Research downgraded Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Tuesday, November 15th. Craig Hallum started coverage on Apogee Enterprises in a research report on Thursday, January 19th. They issued a “buy” rating and a $68.00 target price for the company.
In related news, Director Jerome L. Davis sold 6,072 shares of the stock in a transaction dated Thursday, January 26th. The stock was sold at an average price of $58.04, for a total transaction of $352,418.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bernard P. Aldrich sold 10,000 shares of the stock in a transaction dated Thursday, January 5th. The stock was sold at an average price of $54.81, for a total value of $548,100.00. The disclosure for this sale can be found here. Insiders have sold 42,144 shares of company stock valued at $2,348,254 in the last quarter. 3.70% of the stock is currently owned by company insiders.
About Apogee Enterprises
Apogee Enterprises, Inc is engaged in the design and development of glass solutions for enclosing commercial buildings and framing art. The Company operates through four segments: Architectural Glass, Architectural Services, Architectural Framing Systems and Large-Scale Optical Technologies (LSO). The Architectural Glass segment fabricates coated glass used in customized window and wall systems.
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