Invesco Ltd. trimmed its position in shares of Apogee Enterprises Inc (NASDAQ:APOG) by 36.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 115,557 shares of the industrial products company’s stock after selling 65,073 shares during the quarter. Invesco Ltd. owned approximately 0.44% of Apogee Enterprises worth $5,019,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of APOG. Coastal Investment Advisors Inc. purchased a new stake in Apogee Enterprises during the second quarter worth $5,524,000. FMR LLC boosted its position in Apogee Enterprises by 492.9% during the first quarter. FMR LLC now owns 147,702 shares of the industrial products company’s stock worth $5,537,000 after purchasing an additional 122,790 shares in the last quarter. Schroder Investment Management Group boosted its position in Apogee Enterprises by 32.7% during the second quarter. Schroder Investment Management Group now owns 356,874 shares of the industrial products company’s stock worth $15,503,000 after purchasing an additional 87,875 shares in the last quarter. LSV Asset Management boosted its position in Apogee Enterprises by 14.8% during the second quarter. LSV Asset Management now owns 559,092 shares of the industrial products company’s stock worth $24,286,000 after purchasing an additional 72,100 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in Apogee Enterprises by 65.3% during the second quarter. SG Americas Securities LLC now owns 97,448 shares of the industrial products company’s stock worth $4,233,000 after purchasing an additional 38,490 shares in the last quarter. Institutional investors own 90.44% of the company’s stock.
A number of analysts have commented on the company. Craig Hallum boosted their target price on Apogee Enterprises from $46.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. TheStreet downgraded Apogee Enterprises from a “b-” rating to a “c+” rating in a research report on Tuesday, August 27th. BidaskClub downgraded Apogee Enterprises from a “hold” rating to a “sell” rating in a research report on Friday, October 4th. Finally, ValuEngine upgraded Apogee Enterprises from a “sell” rating to a “hold” rating in a research report on Tuesday, September 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $43.50.
NASDAQ APOG opened at $36.68 on Friday. Apogee Enterprises Inc has a fifty-two week low of $26.38 and a fifty-two week high of $46.70. The stock has a market cap of $974.22 million, a price-to-earnings ratio of 12.39, a price-to-earnings-growth ratio of 1.10 and a beta of 1.70. The business has a fifty day moving average of $38.32 and a 200-day moving average of $39.07. The company has a quick ratio of 0.85, a current ratio of 1.05 and a debt-to-equity ratio of 0.32.
Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings results on Tuesday, September 17th. The industrial products company reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.15. Apogee Enterprises had a return on equity of 15.92% and a net margin of 3.14%. The company had revenue of $357.10 million during the quarter, compared to analysts’ expectations of $353.62 million. During the same period in the previous year, the firm posted $0.75 earnings per share. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, analysts anticipate that Apogee Enterprises Inc will post 3.04 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 5th. Stockholders of record on Monday, October 21st will be issued a $0.175 dividend. The ex-dividend date is Friday, October 18th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.91%. Apogee Enterprises’s dividend payout ratio (DPR) is 23.65%.
Apogee Enterprises Profile
Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. It operates through four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass window, curtainwall, storefront, and entrance systems comprising the outside skin and entrances of commercial, institutional, and multi-family residential buildings.
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