Apogee Enterprises, Inc. (NASDAQ:APOG) Shares Sold by US Bancorp DE

US Bancorp DE lessened its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 61.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,062 shares of the industrial products company's stock after selling 11,179 shares during the period. US Bancorp DE's holdings in Apogee Enterprises were worth $494,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in APOG. Pacer Advisors Inc. boosted its holdings in shares of Apogee Enterprises by 15.5% in the 2nd quarter. Pacer Advisors Inc. now owns 917,000 shares of the industrial products company's stock valued at $57,620,000 after buying an additional 122,811 shares in the last quarter. American Century Companies Inc. grew its stake in 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 worth $33,225,000 after buying an additional 99,495 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Apogee Enterprises by 70.8% during the third quarter. Assenagon Asset Management S.A. now owns 162,379 shares of the industrial products company's stock worth $11,369,000 after buying an additional 67,295 shares during the period. Renaissance Technologies LLC lifted its stake in Apogee Enterprises by 1,004.1% in the second quarter. Renaissance Technologies LLC now owns 72,683 shares of the industrial products company's stock valued at $4,567,000 after buying an additional 66,100 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Apogee Enterprises in the second quarter valued at approximately $3,547,000. Hedge funds and other institutional investors own 94.05% of the company's stock.

Analysts Set New Price Targets

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

Apogee Enterprises Stock Performance

Shares of Apogee Enterprises stock traded down $1.97 during trading hours on Tuesday, hitting $85.25. 145,341 shares of the company were exchanged, compared to its average volume of 148,141. The business has a 50-day moving average of $73.02 and a 200-day moving average of $66.95. Apogee Enterprises, Inc. has a 1 year low of $44.04 and a 1 year high of $87.93. 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 stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 18.36 and a beta of 0.97.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last released its earnings results on Friday, October 4th. The industrial products company reported $1.44 EPS for the quarter, topping 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 net margin of 7.58% and a return on equity of 24.12%. The business's revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the business earned $1.36 EPS. As a group, analysts expect that Apogee Enterprises, Inc. will post 5.06 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

The firm also recently declared 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 of this dividend was Tuesday, October 22nd. This represents a $1.00 annualized dividend and a dividend yield of 1.17%. Apogee Enterprises's dividend payout ratio is currently 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).