Intech Investment Management LLC Purchases 23,296 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Intech Investment Management LLC raised its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 255.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,415 shares of the industrial products company's stock after purchasing an additional 23,296 shares during the period. Intech Investment Management LLC owned approximately 0.15% of Apogee Enterprises worth $2,270,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in APOG. Pacer Advisors Inc. boosted its stake in shares of Apogee Enterprises by 15.5% in the 2nd quarter. Pacer Advisors Inc. now owns 917,000 shares of the industrial products company's stock worth $57,620,000 after buying an additional 122,811 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Apogee Enterprises by 23.2% in the 2nd quarter. American Century Companies Inc. now owns 528,769 shares of the industrial products company's stock worth $33,225,000 after buying an additional 99,495 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Apogee Enterprises by 70.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 162,379 shares of the industrial products company's stock worth $11,369,000 after buying an additional 67,295 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Apogee Enterprises by 1,004.1% in the 2nd quarter. Renaissance Technologies LLC now owns 72,683 shares of the industrial products company's stock worth $4,567,000 after buying an additional 66,100 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of Apogee Enterprises in the 2nd quarter worth $3,547,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Apogee Enterprises Stock Performance

NASDAQ APOG traded up $1.65 on Monday, hitting $84.87. 186,086 shares of the company traded hands, compared to its average volume of 147,665. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 17.87 and a beta of 0.97. The company has a current ratio of 1.65, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12. The business's 50 day moving average price is $76.87 and its 200-day moving average price is $68.31. Apogee Enterprises, Inc. has a 52-week low of $44.46 and a 52-week high of $87.93.

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, beating the consensus estimate of $1.23 by $0.21. The company 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%. Apogee Enterprises's quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.36 earnings per share. Equities analysts expect that Apogee Enterprises, Inc. will post 5.06 earnings per share for the current year.

Apogee Enterprises Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.18%. Apogee Enterprises's dividend payout ratio is presently 21.05%.

Analyst Upgrades and Downgrades

APOG has been the topic of a number of research reports. DA Davidson raised their price target on Apogee Enterprises from $65.00 to $75.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 8th. StockNews.com downgraded Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 15th.

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).