International Assets Investment Management LLC Buys New Shares in Apogee Enterprises, Inc. (NASDAQ:APOG)

International Assets Investment Management LLC acquired a new position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 55,331 shares of the industrial products company's stock, valued at approximately $38,740,000. International Assets Investment Management LLC owned about 0.25% of Apogee Enterprises as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in Apogee Enterprises by 43.2% in the third quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 163 shares during the last quarter. Headlands Technologies LLC raised its stake in shares of Apogee Enterprises by 340.8% during the first quarter. Headlands Technologies LLC now owns 767 shares of the industrial products company's stock worth $45,000 after buying an additional 593 shares during the last quarter. Quarry LP lifted its holdings in Apogee Enterprises by 959.4% in the second quarter. Quarry LP now owns 731 shares of the industrial products company's stock valued at $46,000 after buying an additional 662 shares during the period. EntryPoint Capital LLC boosted its stake in Apogee Enterprises by 31.4% in the first quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company's stock valued at $55,000 after acquiring an additional 222 shares during the last quarter. Finally, CWM LLC grew its holdings in Apogee Enterprises by 290.6% during the 2nd quarter. CWM LLC now owns 957 shares of the industrial products company's stock worth $60,000 after acquiring an additional 712 shares during the period. Institutional investors and hedge funds own 94.05% of the company's stock.

Apogee Enterprises Trading Down 1.1 %

Shares of NASDAQ APOG traded down $0.85 during midday trading on Tuesday, reaching $75.84. 104,193 shares of the stock were exchanged, compared to its average volume of 148,191. Apogee Enterprises, Inc. has a 12 month low of $41.39 and a 12 month high of $86.22. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 15.57 and a beta of 0.98. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.65 and a quick ratio of 1.32. The business has a 50-day simple moving average of $70.44 and a two-hundred day simple moving average of $65.58.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last posted its earnings results on Friday, October 4th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.23 by $0.21. The firm had revenue of $342.40 million during the quarter, compared to analysts' expectations 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 was down 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.36 earnings per share. As a group, equities research analysts expect that Apogee Enterprises, Inc. will post 5.06 EPS for the current year.

Apogee Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Tuesday, October 22nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Tuesday, October 22nd. Apogee Enterprises's payout ratio is currently 20.53%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on APOG shares. DA Davidson increased their price target on Apogee Enterprises from $65.00 to $75.00 and gave the company a "neutral" rating in a research note on Tuesday, October 8th. StockNews.com upgraded Apogee Enterprises from a "buy" rating to a "strong-buy" rating in a report on Tuesday, October 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).