PineBridge Investments L.P. raised its position in shares of Apogee Enterprises Inc. (NASDAQ:APOG) by 3.5% during the second quarter, Holdings Channel reports. The fund owned 3,651 shares of the company’s stock after buying an additional 122 shares during the period. PineBridge Investments L.P.’s holdings in Apogee Enterprises were worth $170,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. UBS Group AG boosted its stake in shares of Apogee Enterprises by 208.2% in the first quarter. UBS Group AG now owns 14,453 shares of the company’s stock worth $635,000 after buying an additional 9,764 shares during the period. State Street Corp boosted its stake in shares of Apogee Enterprises by 0.9% in the first quarter. State Street Corp now owns 1,015,758 shares of the company’s stock worth $44,582,000 after buying an additional 9,466 shares during the period. Neumeier Poma Investment Counsel LLC boosted its stake in shares of Apogee Enterprises by 32.4% in the first quarter. Neumeier Poma Investment Counsel LLC now owns 378,300 shares of the company’s stock worth $16,604,000 after buying an additional 92,675 shares during the period. Huntington Asset Advisors Inc. purchased a new stake in shares of Apogee Enterprises during the first quarter worth about $658,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Apogee Enterprises by 13,117.4% in the first quarter. JPMorgan Chase & Co. now owns 37,273 shares of the company’s stock worth $1,636,000 after buying an additional 36,991 shares during the period. Institutional investors and hedge funds own 98.28% of the company’s stock.
Shares of Apogee Enterprises Inc. (NASDAQ:APOG) opened at 44.69 on Friday. The firm’s 50-day moving average price is $46.40 and its 200-day moving average price is $44.91. Apogee Enterprises Inc. has a 52-week low of $33.67 and a 52-week high of $54.34. The firm has a market capitalization of $1.29 billion, a PE ratio of 16.55 and a beta of 1.49.
Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings results on Wednesday, September 14th. The company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.10. Apogee Enterprises had a net margin of 7.65% and a return on equity of 18.68%. The business had revenue of $278.50 million for the quarter. During the same period last year, the company posted $0.50 earnings per share. The company’s revenue was up 15.7% compared to the same quarter last year. On average, equities analysts predict that Apogee Enterprises Inc. will post $2.86 earnings per share for the current fiscal year.
A number of analysts recently issued reports on APOG shares. DA Davidson set a $56.00 target price on Apogee Enterprises and gave the company a “buy” rating in a research report on Tuesday, September 13th. Zacks Investment Research raised Apogee Enterprises from a “sell” rating to a “hold” rating in a research report on Tuesday, June 7th. Finally, Goldman Sachs Group Inc. cut Apogee Enterprises from a “buy” rating to a “neutral” rating and decreased their target price for the company from $53.00 to $50.00 in a research report on Monday, July 11th.
In related news, Director Robert J. Marzec sold 3,000 shares of the company’s stock in a transaction on Monday, July 18th. The shares were sold at an average price of $48.04, for a total value of $144,120.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sara L. Hays sold 2,000 shares of the company’s stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $47.00, for a total transaction of $94,000.00. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.
Apogee Enterprises Company Profile
Apogee Enterprises, Inc is engaged in the design and development of glass solutions for enclosing commercial buildings and framing art. The Company operates through four segments: Architectural Glass, Architectural Services, Architectural Framing Systems and Large-Scale Optical Technologies (LSO). The Architectural Glass segment fabricates coated glass used in customized window and wall systems.
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