Royce & Associates LP Raises Holdings in Apogee Enterprises, Inc. (NASDAQ:APOG)

Royce & Associates LP raised its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 63.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,197 shares of the industrial products company's stock after buying an additional 8,589 shares during the period. Royce & Associates LP owned 0.10% of Apogee Enterprises worth $1,554,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Apogee Enterprises by 43.2% during the 3rd quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company's stock worth $38,000 after buying an additional 163 shares during the period. Quarry LP boosted its holdings in Apogee Enterprises by 959.4% in the 2nd quarter. Quarry LP now owns 731 shares of the industrial products company's stock valued at $46,000 after purchasing an additional 662 shares during the period. EntryPoint Capital LLC grew its position in shares of Apogee Enterprises by 31.4% during the 1st quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company's stock worth $55,000 after purchasing an additional 222 shares in the last quarter. CWM LLC increased its holdings in shares of Apogee Enterprises by 290.6% during 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 period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Apogee Enterprises by 599.4% in 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 buying an additional 959 shares in the last quarter. 94.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on APOG shares. DA Davidson increased their target price on Apogee Enterprises from $65.00 to $75.00 and gave the stock a "neutral" rating in a report on Tuesday, October 8th. StockNews.com lowered shares of Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a report on Friday, November 15th.

Apogee Enterprises Price Performance

Shares of APOG stock traded up $0.38 on Wednesday, reaching $81.45. The company had a trading volume of 26,529 shares, compared to its average volume of 147,636. The stock has a market capitalization of $1.79 billion, a PE ratio of 17.07 and a beta of 0.97. Apogee Enterprises, Inc. has a one year low of $44.46 and a one year high of $87.93. The company has a quick ratio of 1.32, a current ratio of 1.65 and a debt-to-equity ratio of 0.12. The business's 50-day moving average is $75.40 and its 200 day moving average is $67.81.

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

Apogee Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Tuesday, October 22nd were issued a $0.25 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.23%. Apogee Enterprises's dividend payout ratio is presently 21.05%.

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).