30,477 Shares in Apogee Enterprises, Inc. (NASDAQ:APOG) Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC purchased a new position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,477 shares of the industrial products company's stock, valued at approximately $2,134,000. Kingsview Wealth Management LLC owned approximately 0.14% of Apogee Enterprises at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in Apogee Enterprises by 43.2% during 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 in the last quarter. CWM LLC boosted its stake in shares of Apogee Enterprises by 19.9% in the 3rd quarter. CWM LLC now owns 1,147 shares of the industrial products company's stock valued at $80,000 after purchasing an additional 190 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in Apogee Enterprises by 1.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the industrial products company's stock valued at $697,000 after buying an additional 200 shares during the last quarter. SummerHaven Investment Management LLC raised its holdings in Apogee Enterprises by 1.5% in the 2nd quarter. SummerHaven Investment Management LLC now owns 15,641 shares of the industrial products company's stock valued at $983,000 after buying an additional 231 shares during the last quarter. Finally, Diversified Trust Co raised its holdings in Apogee Enterprises by 3.6% in the 3rd quarter. Diversified Trust Co now owns 6,943 shares of the industrial products company's stock valued at $486,000 after buying an additional 243 shares during the last quarter. 94.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

APOG has been the topic of several analyst reports. DA Davidson upped their target price on Apogee Enterprises from $65.00 to $75.00 and gave the company a "neutral" rating in a report on Tuesday, October 8th. StockNews.com downgraded shares of Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 15th.

Apogee Enterprises Trading Up 0.6 %

Shares of Apogee Enterprises stock traded up $0.48 on Tuesday, reaching $85.35. 74,120 shares of the company's stock were exchanged, compared to its average volume of 147,333. The company has a market capitalization of $1.87 billion, a P/E ratio of 17.87 and a beta of 0.97. Apogee Enterprises, Inc. has a 52 week low of $44.46 and a 52 week high of $87.93. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.65. The firm's 50-day moving average is $76.87 and its two-hundred day moving average is $68.31.

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

Apogee Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Tuesday, October 22nd were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.17%. Apogee Enterprises's dividend payout ratio (DPR) is currently 21.05%.

Apogee Enterprises Company 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).