EMC Capital Management Purchases 18,184 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

EMC Capital Management boosted its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 312.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,001 shares of the industrial products company's stock after acquiring an additional 18,184 shares during the quarter. EMC Capital Management owned 0.11% of Apogee Enterprises worth $1,681,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Apogee Enterprises during the 1st quarter valued at about $747,000. Acadian Asset Management LLC bought a new position in shares of Apogee Enterprises during the 2nd quarter valued at about $3,547,000. Renaissance Technologies LLC increased its position in shares of 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 last quarter. Quest Partners LLC increased its position in shares of Apogee Enterprises by 115,311.1% during the 2nd quarter. Quest Partners LLC now owns 10,387 shares of the industrial products company's stock valued at $653,000 after purchasing an additional 10,378 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Apogee Enterprises by 23.2% during 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 purchasing an additional 99,495 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors.

Apogee Enterprises Trading Up 1.3 %

APOG stock traded up $0.96 during trading on Friday, hitting $75.80. 104,554 shares of the company traded hands, compared to its average volume of 147,713. The firm has a market capitalization of $1.66 billion, a PE ratio of 15.96 and a beta of 0.98. Apogee Enterprises, Inc. has a 1 year low of $43.03 and a 1 year high of $86.22. The company has a 50-day moving average of $71.05 and a 200-day moving average of $65.85. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.65.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last issued its earnings results 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. The company 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%. Apogee Enterprises's quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.36 EPS. Analysts predict that Apogee Enterprises, Inc. will post 5.06 earnings per share 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. Shareholders of record on Tuesday, October 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.32%. The ex-dividend date is Tuesday, October 22nd. Apogee Enterprises's dividend payout ratio (DPR) is currently 21.05%.

Analyst Ratings Changes

APOG has been the topic of several recent research reports. StockNews.com upgraded Apogee Enterprises from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, October 15th. DA Davidson increased their target price on Apogee Enterprises from $65.00 to $75.00 and gave the company a "neutral" rating in a report on Tuesday, October 8th.

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).