Quest Partners LLC Decreases Stock Position in Apogee Enterprises, Inc. (NASDAQ:APOG)

Quest Partners LLC lowered its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 86.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,411 shares of the industrial products company's stock after selling 8,976 shares during the quarter. Quest Partners LLC's holdings in Apogee Enterprises were worth $99,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Acadian Asset Management LLC purchased a new position in shares of Apogee Enterprises in the 2nd quarter worth approximately $3,547,000. Renaissance Technologies LLC raised its stake 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 period. Farther Finance Advisors LLC lifted its holdings in Apogee Enterprises by 2,602.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,351 shares of the industrial products company's stock worth $95,000 after purchasing an additional 1,301 shares in the last quarter. American Century Companies Inc. boosted its stake 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 purchasing an additional 99,495 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in Apogee Enterprises during the 3rd quarter valued at about $1,800,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Apogee Enterprises Price Performance

Shares of NASDAQ APOG traded up $0.43 during midday trading on Friday, hitting $84.21. 54,775 shares of the company's stock were exchanged, compared to its average volume of 147,221. 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 business's fifty day moving average price is $78.15 and its two-hundred day moving average price is $68.78. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 17.73 and a beta of 0.97. Apogee Enterprises, Inc. has a 12-month low of $44.56 and a 12-month high of $87.93.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last released its quarterly earnings results on Friday, October 4th. The industrial products company reported $1.44 EPS for the quarter, topping analysts' consensus estimates of $1.23 by $0.21. Apogee Enterprises had a net margin of 7.58% and a return on equity of 24.12%. The business had revenue of $342.40 million during the quarter, compared to analysts' expectations of $335.31 million. During the same quarter in the previous year, the company earned $1.36 EPS. The business's quarterly revenue was down 3.2% compared to the same quarter last year. As a group, research analysts forecast that Apogee Enterprises, Inc. will post 5.06 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Tuesday, October 22nd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.19%. The ex-dividend date was Tuesday, October 22nd. Apogee Enterprises's dividend payout ratio (DPR) is currently 21.05%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. DA Davidson increased their price target on shares of Apogee Enterprises from $65.00 to $75.00 and gave the stock a "neutral" rating in a report on Tuesday, October 8th. StockNews.com downgraded shares of Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a report on Friday, November 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).