Jacobs Levy Equity Management Inc. Sells 17,257 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Jacobs Levy Equity Management Inc. reduced its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 14.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,810 shares of the industrial products company's stock after selling 17,257 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.45% of Apogee Enterprises worth $6,918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Pacer Advisors Inc. grew its holdings in Apogee Enterprises by 15.5% during the 2nd quarter. Pacer Advisors Inc. now owns 917,000 shares of the industrial products company's stock valued at $57,620,000 after buying an additional 122,811 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Apogee Enterprises by 23.2% in the second quarter. American Century Companies Inc. now owns 528,769 shares of the industrial products company's stock valued at $33,225,000 after purchasing an additional 99,495 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Apogee Enterprises by 1.3% in the second 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 purchasing an additional 3,881 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of 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. grew its holdings in shares of Apogee Enterprises by 4.6% in the second quarter. Panagora Asset Management Inc. now owns 136,578 shares of the industrial products company's stock valued at $8,582,000 after purchasing an additional 5,964 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Apogee Enterprises Trading Down 0.0 %

Shares of NASDAQ:APOG traded down $0.02 on Friday, hitting $82.97. 98,889 shares of the company's stock were exchanged, compared to its average volume of 146,936. Apogee Enterprises, Inc. has a 12 month low of $47.83 and a 12 month high of $87.93. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 17.47 and a beta of 0.99. The business's 50 day simple moving average is $79.43 and its two-hundred day simple moving average is $69.26. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.65 and a quick ratio of 1.32.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last released its earnings results on Friday, October 4th. The industrial products company reported $1.44 earnings per share for the quarter, topping the consensus estimate 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 period last year, the company earned $1.36 earnings per share. The business's revenue for the quarter was down 3.2% compared to the same quarter last year. Analysts anticipate that Apogee Enterprises, Inc. will post 5.06 EPS for the current fiscal year.

Apogee Enterprises Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on APOG shares. DA Davidson raised 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 lowered shares of Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 15th.

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).