Apogee Enterprises, Inc. (NASDAQ:APOG) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 35.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 99,388 shares of the industrial products company's stock after selling 54,760 shares during the period. JPMorgan Chase & Co. owned about 0.45% of Apogee Enterprises worth $6,959,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Pacer Advisors Inc. grew its holdings 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 in the last quarter. Geode Capital Management LLC lifted its position in shares of Apogee Enterprises by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 530,226 shares of the industrial products company's stock worth $37,131,000 after purchasing an additional 7,382 shares during the period. American Century Companies Inc. boosted its stake in shares of Apogee Enterprises by 23.2% during the second quarter. American Century Companies Inc. now owns 528,769 shares of the industrial products company's stock valued at $33,225,000 after purchasing an additional 99,495 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Apogee Enterprises by 70.8% during the third quarter. Assenagon Asset Management S.A. now owns 162,379 shares of the industrial products company's stock valued at $11,369,000 after buying an additional 67,295 shares during the period. Finally, FMR LLC raised its stake in Apogee Enterprises by 12.5% in the third quarter. FMR LLC now owns 104,690 shares of the industrial products company's stock worth $7,330,000 after buying an additional 11,627 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on APOG shares. StockNews.com downgraded Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a research report on Thursday, January 9th. Sidoti raised shares of Apogee Enterprises from a "neutral" rating to a "buy" rating in a report on Friday, January 10th. DA Davidson dropped their price target on Apogee Enterprises from $75.00 to $62.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Finally, Singular Research raised Apogee Enterprises to a "moderate buy" rating in a report on Tuesday.

Apogee Enterprises Stock Performance

Shares of APOG traded down $0.29 during mid-day trading on Thursday, reaching $54.40. The company had a trading volume of 267,097 shares, compared to its average volume of 437,390. Apogee Enterprises, Inc. has a 52-week low of $49.58 and a 52-week high of $87.93. The stock has a market capitalization of $1.19 billion, a P/E ratio of 12.14 and a beta of 1.04. The stock has a 50 day moving average of $75.37 and a two-hundred day moving average of $70.55. The company has a quick ratio of 1.32, a current ratio of 1.63 and a debt-to-equity ratio of 0.52.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last posted its earnings results on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. The firm had revenue of $341.30 million during the quarter, compared to analysts' expectations of $332.27 million. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The business's revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.23 EPS. On average, analysts expect that Apogee Enterprises, Inc. will post 4.96 earnings per share for the current year.

Apogee Enterprises Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Tuesday, January 28th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Tuesday, January 28th. This is a positive change from Apogee Enterprises's previous quarterly dividend of $0.25. Apogee Enterprises's payout ratio is currently 22.32%.

About Apogee Enterprises

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).