Janney Montgomery Scott LLC Invests $1.80 Million in Apogee Enterprises, Inc. (NASDAQ:APOG)

Janney Montgomery Scott LLC bought a new position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 25,702 shares of the industrial products company's stock, valued at approximately $1,800,000. Janney Montgomery Scott LLC owned about 0.12% of Apogee Enterprises as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APOG. Pacer Advisors Inc. boosted its stake in Apogee Enterprises by 15.5% during the 2nd quarter. Pacer Advisors Inc. now owns 917,000 shares of the industrial products company's stock worth $57,620,000 after acquiring an additional 122,811 shares during the last quarter. American Century Companies Inc. boosted its holdings 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 valued at $33,225,000 after buying an additional 99,495 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Apogee Enterprises by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 303,220 shares of the industrial products company's stock worth $19,053,000 after purchasing an additional 3,881 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Apogee Enterprises by 70.8% during 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 acquiring an additional 67,295 shares during the period. Finally, Panagora Asset Management Inc. grew its holdings in Apogee Enterprises by 4.6% in the 2nd quarter. Panagora Asset Management Inc. now owns 136,578 shares of the industrial products company's stock valued at $8,582,000 after buying an additional 5,964 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

APOG has been the topic of a number of recent research reports. StockNews.com raised Apogee Enterprises from a "buy" rating to a "strong-buy" rating in a report on Tuesday, October 15th. 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 report on Tuesday, October 8th.

Apogee Enterprises Price Performance

Shares of NASDAQ APOG traded down $1.83 during trading hours on Thursday, hitting $82.95. 160,257 shares of the stock were exchanged, compared to its average volume of 148,004. Apogee Enterprises, Inc. has a 1-year low of $44.46 and a 1-year high of $87.93. The company has a market cap of $1.82 billion, a PE ratio of 17.46 and a beta of 0.97. 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 company's fifty day simple moving average is $74.26 and its two-hundred day simple moving average is $67.35.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last issued its quarterly 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. The company 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 for the quarter was down 3.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.36 EPS. On average, sell-side analysts predict that Apogee Enterprises, Inc. will post 5.06 EPS for the current year.

Apogee Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Tuesday, October 22nd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Tuesday, October 22nd. Apogee Enterprises's payout ratio is currently 21.05%.

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).