Quantbot Technologies LP purchased a new position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 9,073 shares of the industrial products company’s stock, valued at approximately $437,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Riverhead Capital Management LLC boosted its stake in Apogee Enterprises by 99.8% during the second quarter. Riverhead Capital Management LLC now owns 2,398 shares of the industrial products company’s stock worth $136,000 after buying an additional 1,198 shares in the last quarter. Forward Management LLC acquired a new stake in Apogee Enterprises during the second quarter worth $137,000. Flinton Capital Management LLC boosted its stake in Apogee Enterprises by 80.0% during the second quarter. Flinton Capital Management LLC now owns 3,060 shares of the industrial products company’s stock worth $174,000 after buying an additional 1,360 shares in the last quarter. Advisor Group Inc. boosted its stake in Apogee Enterprises by 76.9% during the second quarter. Advisor Group Inc. now owns 3,444 shares of the industrial products company’s stock worth $195,000 after buying an additional 1,497 shares in the last quarter. Finally, Petrus Trust Company LTA acquired a new stake in Apogee Enterprises during the second quarter worth $208,000. Hedge funds and other institutional investors own 98.82% of the company’s stock.
A number of equities research analysts have weighed in on APOG shares. Zacks Investment Research downgraded shares of Apogee Enterprises from a “hold” rating to a “sell” rating in a research note on Monday, August 28th. ValuEngine cut Apogee Enterprises from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, DA Davidson set a $52.00 price objective on Apogee Enterprises and gave the company a “buy” rating in a report on Thursday, August 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Apogee Enterprises currently has an average rating of “Hold” and an average target price of $63.33.
Apogee Enterprises, Inc. (APOG) opened at $48.53 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 1.86 and a debt-to-equity ratio of 0.51. Apogee Enterprises, Inc. has a twelve month low of $40.03 and a twelve month high of $61.00. The stock has a market capitalization of $1,410.37, a PE ratio of 16.69, a P/E/G ratio of 1.45 and a beta of 1.61.
Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings results on Tuesday, September 19th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.04. The business had revenue of $343.91 million during the quarter, compared to analysts’ expectations of $349.97 million. Apogee Enterprises had a return on equity of 17.89% and a net margin of 6.57%. The firm’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 earnings per share. research analysts predict that Apogee Enterprises, Inc. will post 3.39 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 8th. Shareholders of record on Tuesday, October 24th were issued a dividend of $0.14 per share. The ex-dividend date was Monday, October 23rd. This represents a $0.56 annualized dividend and a yield of 1.15%. Apogee Enterprises’s dividend payout ratio is currently 20.44%.
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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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