Fmr LLC Purchases 11,627 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

FMR LLC grew its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 12.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 104,690 shares of the industrial products company's stock after acquiring an additional 11,627 shares during the period. FMR LLC owned 0.48% of Apogee Enterprises worth $7,330,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Gladius Capital Management LP bought a new stake in shares of Apogee Enterprises during the 3rd quarter worth about $33,000. GAMMA Investing LLC boosted its position in shares of Apogee Enterprises by 43.2% in the third quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 163 shares during the period. Quarry LP raised its stake in Apogee Enterprises by 959.4% during the 2nd quarter. Quarry LP now owns 731 shares of the industrial products company's stock valued at $46,000 after purchasing an additional 662 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Apogee Enterprises during the 3rd quarter worth about $58,000. Finally, CWM LLC lifted its stake in shares of Apogee Enterprises by 290.6% in the second quarter. CWM LLC now owns 957 shares of the industrial products company's stock valued at $60,000 after buying an additional 712 shares during the period. 94.05% of the stock is owned by institutional investors and hedge funds.

Apogee Enterprises Price Performance

NASDAQ:APOG traded down $1.74 on Friday, reaching $76.80. The stock had a trading volume of 105,158 shares, compared to its average volume of 147,178. The company has a quick ratio of 1.32, a current ratio of 1.65 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $1.68 billion, a P/E ratio of 16.53 and a beta of 0.99. Apogee Enterprises, Inc. has a 1-year low of $50.03 and a 1-year high of $87.93. The stock has a fifty day moving average price of $80.53 and a 200-day moving average price of $69.76.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last posted its quarterly earnings data on Friday, October 4th. The industrial products company reported $1.44 EPS 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 in the previous year, the firm earned $1.36 earnings per share. The business's revenue was down 3.2% on a year-over-year basis. Research analysts forecast that Apogee Enterprises, Inc. will post 5.06 EPS for the current year.

Apogee Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Tuesday, October 22nd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Tuesday, October 22nd. Apogee Enterprises's dividend payout ratio is 21.05%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. DA Davidson raised their price objective on Apogee Enterprises from $65.00 to $75.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 8th. StockNews.com upgraded Apogee Enterprises from a "buy" rating to a "strong-buy" rating in a research note on Monday.

Apogee Enterprises 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).