BNP Paribas Financial Markets Sells 17,364 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

BNP Paribas Financial Markets decreased its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 44.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,557 shares of the industrial products company's stock after selling 17,364 shares during the quarter. BNP Paribas Financial Markets owned about 0.10% of Apogee Enterprises worth $1,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Acadian Asset Management LLC bought a new stake in Apogee Enterprises during the 2nd quarter worth approximately $3,547,000. Renaissance Technologies LLC boosted its stake in Apogee Enterprises by 1,004.1% during the second quarter. Renaissance Technologies LLC now owns 72,683 shares of the industrial products company's stock valued at $4,567,000 after buying an additional 66,100 shares during the period. Farther Finance Advisors LLC grew its position in Apogee Enterprises by 2,602.0% during the third quarter. Farther Finance Advisors LLC now owns 1,351 shares of the industrial products company's stock worth $95,000 after buying an additional 1,301 shares in the last quarter. Kingsview Wealth Management LLC bought a new position in Apogee Enterprises in the 3rd quarter worth about $2,134,000. Finally, Quest Partners LLC increased its stake in Apogee Enterprises by 115,311.1% in the 2nd quarter. Quest Partners LLC now owns 10,387 shares of the industrial products company's stock worth $653,000 after acquiring an additional 10,378 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company's stock.

Apogee Enterprises Price Performance

APOG traded down $2.19 during trading on Monday, reaching $80.78. The stock had a trading volume of 99,834 shares, compared to its average volume of 146,736. The business has a 50-day moving average of $79.69 and a 200-day moving average of $69.43. Apogee Enterprises, Inc. has a one year low of $48.03 and a one year 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 stock has a market cap of $1.77 billion, a PE ratio of 17.47 and a beta of 0.99.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last announced its quarterly earnings data on Friday, October 4th. The industrial products company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.23 by $0.21. The firm had revenue of $342.40 million for the quarter, compared to analyst estimates of $335.31 million. Apogee Enterprises had a return on equity of 24.12% and a net margin of 7.58%. The company's revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.36 EPS. As a group, equities research analysts anticipate that Apogee Enterprises, Inc. will post 5.06 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.24%. Apogee Enterprises's payout ratio is 21.05%.

Analyst Ratings Changes

Several brokerages have recently commented on APOG. DA Davidson boosted their price objective on Apogee Enterprises from $65.00 to $75.00 and gave the stock a "neutral" rating in a report on Tuesday, October 8th. StockNews.com cut shares of Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 15th.

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).