Geode Capital Management LLC Increases Position in Apogee Enterprises, Inc. (NASDAQ:APOG)

Geode Capital Management LLC lifted its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 1.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 530,226 shares of the industrial products company's stock after acquiring an additional 7,382 shares during the quarter. Geode Capital Management LLC owned approximately 2.42% of Apogee Enterprises worth $37,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in APOG. GAMMA Investing LLC lifted its position in shares of Apogee Enterprises by 43.2% in the 3rd quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company's stock worth $38,000 after purchasing an additional 163 shares during the period. CWM LLC lifted its holdings in Apogee Enterprises by 19.9% in the third quarter. CWM LLC now owns 1,147 shares of the industrial products company's stock valued at $80,000 after buying an additional 190 shares during the period. Louisiana State Employees Retirement System boosted its position in Apogee Enterprises by 1.8% during 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 acquiring an additional 200 shares during the last quarter. Diversified Trust Co grew its holdings in Apogee Enterprises by 3.6% during the 3rd quarter. Diversified Trust Co now owns 6,943 shares of the industrial products company's stock worth $486,000 after acquiring an additional 243 shares during the period. Finally, Moran Wealth Management LLC raised its position in shares of Apogee Enterprises by 0.3% in the 3rd quarter. Moran Wealth Management LLC now owns 98,367 shares of the industrial products company's stock worth $6,887,000 after acquiring an additional 304 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Apogee Enterprises Stock Up 1.2 %

Shares of NASDAQ APOG traded up $0.85 during trading on Wednesday, hitting $72.07. 61,776 shares of the company traded hands, compared to its average volume of 149,831. 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 business's fifty day moving average is $79.51 and its 200 day moving average is $70.38. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 15.17 and a beta of 0.99. Apogee Enterprises, Inc. has a fifty-two week low of $51.15 and a fifty-two week high of $87.93.

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

Apogee Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Tuesday, October 22nd were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.00 annualized dividend and a yield of 1.39%. Apogee Enterprises's payout ratio is 21.05%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. StockNews.com lowered Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, December 17th. DA Davidson raised their price objective on shares of Apogee Enterprises from $65.00 to $75.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 8th.

Apogee Enterprises Company 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).