Pacer Advisors Inc. Purchases 122,811 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Pacer Advisors Inc. increased its position in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 15.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 917,000 shares of the industrial products company's stock after acquiring an additional 122,811 shares during the quarter. Pacer Advisors Inc. owned about 4.18% of Apogee Enterprises worth $57,620,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Intech Investment Management LLC acquired a new stake in shares of Apogee Enterprises in the second quarter valued at about $573,000. Renaissance Technologies LLC boosted its stake in Apogee Enterprises by 1,004.1% during the 2nd quarter. Renaissance Technologies LLC now owns 72,683 shares of the industrial products company's stock valued at $4,567,000 after purchasing an additional 66,100 shares during the period. WINTON GROUP Ltd grew its holdings in Apogee Enterprises by 7.7% in the 2nd quarter. WINTON GROUP Ltd now owns 12,180 shares of the industrial products company's stock valued at $765,000 after buying an additional 870 shares during the last quarter. American Century Companies Inc. increased its position in 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 period. Finally, Headlands Technologies LLC increased its position in Apogee Enterprises by 294.5% in the 2nd quarter. Headlands Technologies LLC now owns 3,026 shares of the industrial products company's stock worth $190,000 after buying an additional 2,259 shares during the period. Institutional investors and hedge funds own 94.05% of the company's stock.

Apogee Enterprises Stock Performance

APOG traded down $2.03 on Friday, hitting $67.50. 622,638 shares of the stock traded hands, compared to its average volume of 143,594. The business has a fifty day moving average price of $64.57 and a two-hundred day moving average price of $62.43. The company has a current ratio of 1.64, a quick ratio of 1.29 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $1.48 billion, a PE ratio of 13.86 and a beta of 0.98. Apogee Enterprises, Inc. has a 52 week low of $41.01 and a 52 week high of $70.64.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last released its quarterly earnings data on Thursday, June 27th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.28. The business had revenue of $331.50 million for the quarter, compared to analysts' expectations of $333.22 million. Apogee Enterprises had a return on equity of 24.74% and a net margin of 7.72%. Apogee Enterprises's quarterly revenue was down 8.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.05 earnings per share. On average, research analysts predict that Apogee Enterprises, Inc. will post 4.86 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on APOG. StockNews.com upgraded shares of Apogee Enterprises from a "buy" rating to a "strong-buy" rating in a research note on Friday, July 26th. DA Davidson raised their price target on shares of Apogee Enterprises from $60.00 to $65.00 and gave the stock a "neutral" rating in a research report on Friday, June 28th.

Insider Activity

In other news, insider Brent C. Jewell sold 5,000 shares of Apogee Enterprises stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $64.34, for a total transaction of $321,700.00. Following the sale, the insider now directly owns 23,405 shares in the company, valued at approximately $1,505,877.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.00% of the company's stock.

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).