Barclays PLC boosted its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 77.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,769 shares of the industrial products company's stock after buying an additional 27,904 shares during the period. Barclays PLC owned 0.29% of Apogee Enterprises worth $4,466,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of APOG. Louisiana State Employees Retirement System raised its position in Apogee Enterprises by 1.8% in the second quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the industrial products company's stock valued at $697,000 after purchasing an additional 200 shares during the period. Bank of New York Mellon Corp grew its position in 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. Allspring Global Investments Holdings LLC increased its stake in Apogee Enterprises by 3,911.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 44,888 shares of the industrial products company's stock worth $2,821,000 after purchasing an additional 43,769 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Apogee Enterprises by 9.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,952 shares of the industrial products company's stock worth $311,000 after purchasing an additional 426 shares during the period. Finally, Panagora Asset Management Inc. lifted its position in shares of 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 purchasing an additional 5,964 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company's stock.
Apogee Enterprises Stock Down 0.6 %
NASDAQ APOG traded down $0.45 during trading on Friday, reaching $71.28. 816,700 shares of the company's stock were exchanged, compared to its average volume of 150,253. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.65. Apogee Enterprises, Inc. has a 1 year low of $50.78 and a 1 year high of $87.93. The stock has a market cap of $1.56 billion, a P/E ratio of 15.01 and a beta of 0.99. The company has a 50 day moving average price of $79.96 and a two-hundred day moving average price of $70.18.
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 (EPS) for the quarter, beating analysts' consensus estimates of $1.23 by $0.21. The firm had revenue of $342.40 million during the quarter, compared to analysts' expectations of $335.31 million. Apogee Enterprises had a return on equity of 24.12% and a net margin of 7.58%. The business's revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.36 EPS. On average, equities research analysts anticipate that Apogee Enterprises, Inc. will post 5.06 EPS for the current fiscal year.
Apogee Enterprises Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Tuesday, October 22nd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Tuesday, October 22nd. Apogee Enterprises's dividend payout ratio is presently 21.05%.
Analyst Upgrades and Downgrades
APOG has been the topic of a number of recent research reports. DA Davidson upped 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 lowered Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, December 17th.
Read Our Latest Stock Report on Apogee Enterprises
About Apogee Enterprises
(
Free Report)
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).
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