Gladius Capital Management LP Acquires Shares of 467 Apogee Enterprises, Inc. (NASDAQ:APOG)

Gladius Capital Management LP bought a new position in Apogee Enterprises, Inc. (NASDAQ:APOG) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 467 shares of the industrial products company’s stock, valued at approximately $33,000.

A number of other large investors have also recently modified their holdings of APOG. GAMMA Investing LLC lifted its holdings in Apogee Enterprises by 43.2% in the third quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock worth $38,000 after buying an additional 163 shares during the period. Headlands Technologies LLC boosted its position in shares of 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. Quarry LP grew its stake in Apogee Enterprises by 959.4% in the second quarter. Quarry LP now owns 731 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 662 shares during the period. EntryPoint Capital LLC raised its holdings in Apogee Enterprises by 31.4% in the first quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 222 shares in the last quarter. Finally, CWM LLC lifted its position in Apogee Enterprises by 290.6% during the second quarter. CWM LLC now owns 957 shares of the industrial products company’s stock valued at $60,000 after buying an additional 712 shares during the period. Institutional investors own 94.05% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on APOG. StockNews.com lowered shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Friday. DA Davidson boosted their price target on Apogee Enterprises from $65.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th.

Apogee Enterprises Price Performance

APOG opened at $82.03 on Friday. The firm has a market cap of $1.80 billion, a PE ratio of 17.27 and a beta of 0.97. The stock has a 50-day moving average price of $74.66 and a 200-day moving average price of $67.53. Apogee Enterprises, Inc. has a 1 year low of $44.46 and a 1 year high of $87.93. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.65 and a quick ratio of 1.32.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings data on Friday, October 4th. The industrial products company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.21. Apogee Enterprises had a net margin of 7.58% and a return on equity of 24.12%. The business had revenue of $342.40 million during the quarter, compared to analyst estimates of $335.31 million. During the same period last year, the business earned $1.36 EPS. Apogee Enterprises’s revenue was down 3.2% compared to the same quarter last year. Sell-side analysts predict that Apogee Enterprises, Inc. will post 5.06 earnings per share for the current fiscal year.

Apogee Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Tuesday, October 22nd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.00 annualized dividend and a yield of 1.22%. Apogee Enterprises’s dividend payout ratio is 21.05%.

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).