California Public Employees Retirement System lessened its stake in shares of Apogee Enterprises Inc (NASDAQ:APOG) by 10.8% in the 1st quarter, Holdings Channel reports. The firm owned 51,096 shares of the industrial products company’s stock after selling 6,167 shares during the period. California Public Employees Retirement System’s holdings in Apogee Enterprises were worth $1,916,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in APOG. Versant Capital Management Inc raised its position in shares of Apogee Enterprises by 475.4% during the 1st quarter. Versant Capital Management Inc now owns 1,053 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 870 shares during the last quarter. Bessemer Group Inc. acquired a new position in shares of Apogee Enterprises during the 4th quarter worth about $45,000. D. E. Shaw & Co. Inc. acquired a new position in shares of Apogee Enterprises during the 4th quarter worth about $217,000. WINTON GROUP Ltd acquired a new position in shares of Apogee Enterprises during the 4th quarter worth about $246,000. Finally, Hollencrest Capital Management acquired a new position in shares of Apogee Enterprises during the 1st quarter worth about $262,000. Hedge funds and other institutional investors own 97.77% of the company’s stock.
Several research analysts recently weighed in on the stock. ValuEngine upgraded shares of Apogee Enterprises from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. DA Davidson upped their price target on shares of Apogee Enterprises to $35.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. BidaskClub downgraded shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 1st. Finally, Sidoti downgraded shares of Apogee Enterprises from a “buy” rating to a “neutral” rating in a research report on Monday, February 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Apogee Enterprises has an average rating of “Hold” and a consensus target price of $45.25.
APOG stock opened at $38.05 on Thursday. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 12.69, a price-to-earnings-growth ratio of 1.25 and a beta of 1.63. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.63 and a quick ratio of 1.29. Apogee Enterprises Inc has a 12 month low of $26.38 and a 12 month high of $50.87.
Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings data on Thursday, April 11th. The industrial products company reported $0.85 EPS for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.06). The business had revenue of $346.26 million during the quarter, compared to analyst estimates of $357.18 million. Apogee Enterprises had a net margin of 3.26% and a return on equity of 16.14%. During the same quarter in the previous year, the company posted $0.89 EPS. On average, sell-side analysts expect that Apogee Enterprises Inc will post 3.06 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Thursday, May 16th were issued a $0.175 dividend. The ex-dividend date was Wednesday, May 15th. This represents a $0.70 dividend on an annualized basis and a yield of 1.84%. Apogee Enterprises’s payout ratio is 23.65%.
In other Apogee Enterprises news, Director Sara L. Hays sold 1,985 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $39.14, for a total value of $77,692.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.90% of the stock is currently owned by corporate insiders.
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About Apogee Enterprises
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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