Louisiana State Employees Retirement System decreased its position in Apogee Enterprises Inc (NASDAQ:APOG) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,090 shares of the industrial products company’s stock after selling 710 shares during the period. Louisiana State Employees Retirement System’s holdings in Apogee Enterprises were worth $295,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. River & Mercantile Asset Management LLP purchased a new position in Apogee Enterprises during the second quarter worth about $30,000. Tower Research Capital LLC TRC increased its position in Apogee Enterprises by 814.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 823 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 733 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in Apogee Enterprises by 60.2% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,699 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 1,014 shares during the period. Jane Street Group LLC purchased a new position in shares of Apogee Enterprises during the 2nd quarter worth approximately $244,000. Finally, Hollencrest Capital Management purchased a new position in shares of Apogee Enterprises during the 3rd quarter worth approximately $253,000. Institutional investors and hedge funds own 87.08% of the company’s stock.
APOG has been the topic of a number of analyst reports. BidaskClub downgraded Apogee Enterprises from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. ValuEngine raised Apogee Enterprises from a “strong sell” rating to a “sell” rating in a report on Friday, December 27th. Finally, DA Davidson increased their price objective on Apogee Enterprises from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $46.00.
Shares of APOG opened at $33.08 on Tuesday. The company has a 50-day simple moving average of $34.30 and a 200-day simple moving average of $37.44. The company has a quick ratio of 0.80, a current ratio of 0.99 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $881.12 million, a PE ratio of 23.30, a P/E/G ratio of 1.38 and a beta of 1.60. Apogee Enterprises Inc has a 52-week low of $30.16 and a 52-week high of $46.70.
Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings data on Thursday, December 19th. The industrial products company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.19). Apogee Enterprises had a return on equity of 14.60% and a net margin of 2.71%. The company had revenue of $337.90 million for the quarter, compared to analysts’ expectations of $357.83 million. During the same period in the prior year, the firm posted $0.80 EPS. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. On average, research analysts anticipate that Apogee Enterprises Inc will post 2.22 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.27%. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, January 31st. Apogee Enterprises’s dividend payout ratio (DPR) is presently 23.65%.
In other news, SVP Brent C. Jewell purchased 2,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average price of $32.07 per share, for a total transaction of $64,140.00. 3.50% of the stock is owned by insiders.
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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