Copper Rock Capital Partners LLC increased its position in Apogee Enterprises Inc. (NASDAQ:APOG) by 21.9% during the third quarter, Holdings Channel reports. The firm owned 657,566 shares of the company’s stock after buying an additional 117,925 shares during the period. Apogee Enterprises makes up 1.9% of Copper Rock Capital Partners LLC’s portfolio, making the stock its 17th largest position. Copper Rock Capital Partners LLC’s holdings in Apogee Enterprises were worth $29,156,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of APOG. Quantbot Technologies LP raised its position in shares of Apogee Enterprises by 125.9% in the second quarter. Quantbot Technologies LP now owns 2,937 shares of the company’s stock worth $136,000 after buying an additional 1,637 shares in the last quarter. PineBridge Investments L.P. raised its position in Apogee Enterprises by 3.5% in the second quarter. PineBridge Investments L.P. now owns 3,651 shares of the company’s stock worth $170,000 after buying an additional 122 shares during the period. Teacher Retirement System of Texas raised its position in Apogee Enterprises by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 4,056 shares of the company’s stock worth $188,000 after buying an additional 490 shares during the period. Bank of Montreal Can purchased a new position in Apogee Enterprises during the second quarter worth approximately $228,000. Finally, Nisa Investment Advisors LLC raised its position in Apogee Enterprises by 2.9% in the second quarter. Nisa Investment Advisors LLC now owns 5,350 shares of the company’s stock worth $248,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 98.28% of the company’s stock.
Shares of Apogee Enterprises Inc. (NASDAQ:APOG) traded up 0.64% during midday trading on Thursday, reaching $45.80. 32,996 shares of the company were exchanged. The stock has a market capitalization of $1.32 billion, a P/E ratio of 16.96 and a beta of 1.52. Apogee Enterprises Inc. has a 12-month low of $33.67 and a 12-month high of $54.34. The company has a 50 day moving average price of $46.26 and a 200-day moving average price of $44.98.
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 Thomson Reuters’ consensus estimate of $0.67 by $0.10. Apogee Enterprises had a return on equity of 18.68% and a net margin of 7.65%. The business earned $278.50 million during the quarter. During the same quarter in the previous year, the company earned $0.50 earnings per share. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. On average, analysts forecast that Apogee Enterprises Inc. will post $2.86 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 9th. Shareholders of record on Tuesday, October 25th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.10%. Apogee Enterprises’s payout ratio is 18.52%.
A number of research firms have recently commented on APOG. Zacks Investment Research upgraded shares of Apogee Enterprises from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Tuesday, June 28th. Goldman Sachs Group Inc. lowered shares of Apogee Enterprises from a “buy” rating to a “neutral” rating and cut their price objective for the company from $53.00 to $50.00 in a research report on Monday, July 11th. Finally, DA Davidson set a $56.00 price objective on shares of Apogee Enterprises and gave the company a “buy” rating in a research report on Tuesday, September 13th.
In other Apogee Enterprises news, CEO Joseph F. Puishys sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $46.53, for a total value of $1,163,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert J. Marzec sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $48.04, for a total value of $144,120.00. The disclosure for this sale can be found here. 3.70% of the stock is owned by company 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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