59,737 Shares in Apogee Enterprises, Inc. (NASDAQ:APOG) Purchased by Foundry Partners LLC

Foundry Partners LLC purchased a new stake in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 59,737 shares of the industrial products company's stock, valued at approximately $4,182,000. Foundry Partners LLC owned about 0.27% of Apogee Enterprises at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in APOG. Gladius Capital Management LP bought a new stake in Apogee Enterprises in the 3rd quarter valued at about $33,000. GAMMA Investing LLC grew its stake in shares of Apogee Enterprises by 43.2% during the third quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company's stock valued at $38,000 after buying an additional 163 shares during the last quarter. Quarry LP increased its stake in shares of Apogee Enterprises by 959.4% in the second quarter. Quarry LP now owns 731 shares of the industrial products company's stock worth $46,000 after buying an additional 662 shares during the period. EntryPoint Capital LLC lifted its position in shares of Apogee Enterprises by 31.4% in the 1st quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company's stock worth $55,000 after purchasing an additional 222 shares during the period. Finally, CWM LLC lifted its stake in shares of Apogee Enterprises by 290.6% in the 2nd quarter. CWM LLC now owns 957 shares of the industrial products company's stock valued at $60,000 after purchasing an additional 712 shares during the period. 94.05% of the stock is owned by institutional investors.

Apogee Enterprises Stock Up 1.4 %

Shares of NASDAQ APOG traded up $1.11 during trading hours on Friday, hitting $83.22. 92,432 shares of the stock were exchanged, compared to its average volume of 147,496. Apogee Enterprises, Inc. has a 12 month low of $44.46 and a 12 month high of $87.93. 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 cap of $1.83 billion, a PE ratio of 17.52 and a beta of 0.97. The firm has a fifty day moving average price of $76.51 and a 200-day moving average price of $68.13.

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 (EPS) for the quarter, beating 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 firm had revenue of $342.40 million for the quarter, compared to the consensus estimate of $335.31 million. During the same period in the prior year, the firm earned $1.36 EPS. The firm's revenue was down 3.2% on a year-over-year basis. On average, sell-side analysts expect 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 given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.00 annualized dividend and a yield of 1.20%. Apogee Enterprises's dividend payout ratio is presently 21.05%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. DA Davidson raised their price objective on Apogee Enterprises from $65.00 to $75.00 and gave the company 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 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).