Apogee Enterprises, Inc. (NASDAQ:APOG) Stake Cut by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 92.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,603 shares of the industrial products company's stock after selling 32,565 shares during the period. SG Americas Securities LLC's holdings in Apogee Enterprises were worth $182,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of APOG. Quarry LP increased its holdings in shares of Apogee Enterprises by 959.4% during the second quarter. Quarry LP now owns 731 shares of the industrial products company's stock worth $46,000 after buying an additional 662 shares in the last quarter. Headlands Technologies LLC grew its holdings in shares of Apogee Enterprises by 340.8% in the first quarter. Headlands Technologies LLC now owns 767 shares of the industrial products company's stock worth $45,000 after purchasing an additional 593 shares during the last quarter. EntryPoint Capital LLC boosted its stake in Apogee Enterprises by 31.4% during the first quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company's stock worth $55,000 after acquiring an additional 222 shares in the last quarter. CWM LLC boosted its holdings in Apogee Enterprises by 290.6% in the second quarter. CWM LLC now owns 957 shares of the industrial products company's stock worth $60,000 after purchasing an additional 712 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Apogee Enterprises by 599.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,119 shares of the industrial products company's stock valued at $66,000 after purchasing an additional 959 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Apogee Enterprises Stock Performance

APOG traded down $0.31 on Thursday, hitting $74.64. 206,356 shares of the stock traded hands, compared to its average volume of 148,244. 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 firm has a market capitalization of $1.64 billion, a PE ratio of 15.39 and a beta of 0.98. The business has a fifty day moving average price of $69.47 and a two-hundred day moving average price of $65.04. Apogee Enterprises, Inc. has a 52 week low of $41.01 and a 52 week high of $86.22.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last announced its quarterly earnings data 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. Apogee Enterprises had a return on equity of 24.12% and a net margin of 7.58%. The firm had revenue of $342.40 million during the quarter, compared to analysts' expectations of $335.31 million. During the same period in the previous year, the firm earned $1.36 EPS. The company's quarterly revenue was down 3.2% compared to the same quarter last year. On average, research analysts predict that Apogee Enterprises, Inc. will post 5.06 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Tuesday, October 22nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.00 annualized dividend and a yield of 1.34%. Apogee Enterprises's dividend payout ratio (DPR) is presently 20.53%.

Analyst Upgrades and Downgrades

APOG has been the subject of a number of analyst reports. StockNews.com raised shares of Apogee Enterprises from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, October 15th. DA Davidson lifted their price objective on shares of Apogee Enterprises from $65.00 to $75.00 and gave the company a "neutral" rating in a research report on Tuesday, October 8th.

Apogee Enterprises 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).