Victory Capital Management Inc. Has $75.65 Million Stock Holdings in Apogee Enterprises, Inc. (NASDAQ:APOG)

Victory Capital Management Inc. decreased its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,080,529 shares of the industrial products company's stock after selling 33,926 shares during the period. Victory Capital Management Inc. owned 4.92% of Apogee Enterprises worth $75,653,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of APOG. Pacer Advisors Inc. lifted its stake in shares of Apogee Enterprises by 15.5% in the 2nd quarter. Pacer Advisors Inc. now owns 917,000 shares of the industrial products company's stock valued at $57,620,000 after purchasing an additional 122,811 shares during the period. American Century Companies Inc. boosted its holdings in Apogee Enterprises by 23.2% during the second quarter. American Century Companies Inc. now owns 528,769 shares of the industrial products company's stock worth $33,225,000 after purchasing an additional 99,495 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Apogee Enterprises by 1.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 303,220 shares of the industrial products company's stock valued at $19,053,000 after acquiring an additional 3,881 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Apogee Enterprises by 70.8% in the third quarter. Assenagon Asset Management S.A. now owns 162,379 shares of the industrial products company's stock valued at $11,369,000 after purchasing an additional 67,295 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its holdings in Apogee Enterprises by 4.6% during the second quarter. Panagora Asset Management Inc. now owns 136,578 shares of the industrial products company's stock worth $8,582,000 after buying an additional 5,964 shares during the last quarter. 94.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on APOG shares. DA Davidson upped their target price on shares of Apogee Enterprises from $65.00 to $75.00 and gave the company a "neutral" rating in a report on Tuesday, October 8th. StockNews.com raised Apogee Enterprises from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, October 15th.

Apogee Enterprises Stock Performance

Shares of APOG traded down $1.83 during trading hours on Thursday, hitting $82.95. The company had a trading volume of 160,257 shares, compared to its average volume of 148,004. Apogee Enterprises, Inc. has a 12 month low of $44.46 and a 12 month high of $87.93. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 17.85 and a beta of 0.97. The business has a fifty day moving average of $73.87 and a 200-day moving average of $67.24. The company has a quick ratio of 1.32, a current ratio of 1.65 and a debt-to-equity ratio of 0.12.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last announced its earnings results on Friday, October 4th. The industrial products company reported $1.44 earnings per share for the quarter, topping 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 company had revenue of $342.40 million for the quarter, compared to analyst estimates of $335.31 million. During the same quarter last year, the company earned $1.36 earnings per share. The firm's quarterly revenue was down 3.2% compared to the same quarter last year. Equities analysts anticipate that Apogee Enterprises, Inc. will post 5.06 EPS for the current fiscal year.

Apogee Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Tuesday, October 22nd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Tuesday, October 22nd. Apogee Enterprises's dividend payout ratio (DPR) is 21.05%.

About Apogee Enterprises

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).