Louisiana State Employees Retirement System lowered its position in shares of Apogee Enterprises Inc. (NASDAQ:APOG) by 0.8% during the second quarter, Holdings Channel reports. The institutional investor owned 12,700 shares of the company’s stock after selling 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Apogee Enterprises were worth $589,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can purchased a new stake in Apogee Enterprises during the second quarter worth about $228,000. Adams Diversified Equity Fund Inc. purchased a new stake in Apogee Enterprises during the second quarter worth about $375,000. Copper Rock Capital Partners LLC boosted its stake in Apogee Enterprises by 1.6% in the second quarter. Copper Rock Capital Partners LLC now owns 539,641 shares of the company’s stock worth $25,012,000 after buying an additional 8,373 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake 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 in the last quarter. Finally, Capstone Asset Management Co. boosted its stake in Apogee Enterprises by 7.8% in the second quarter. Capstone Asset Management Co. now owns 10,546 shares of the company’s stock worth $489,000 after buying an additional 760 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.
Shares of Apogee Enterprises Inc. (NASDAQ:APOG) traded down 0.02% during mid-day trading on Friday, reaching $43.90. The company’s stock had a trading volume of 114,720 shares. Apogee Enterprises Inc. has a 52-week low of $33.67 and a 52-week high of $54.34. The firm has a 50 day moving average price of $45.64 and a 200 day moving average price of $45.03. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 16.25 and a beta of 1.52.
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, beating the Zacks’ consensus estimate of $0.67 by $0.10. The firm earned $278.50 million during the quarter. Apogee Enterprises had a return on equity of 18.68% and a net margin of 7.65%. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.50 earnings per share. On average, equities analysts predict that Apogee Enterprises Inc. will post $2.86 EPS for the current fiscal year.
The business 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. The ex-dividend date is Friday, October 21st. This represents a $0.50 dividend on an annualized basis and a yield of 1.14%. Apogee Enterprises’s dividend payout ratio is 18.52%.
A number of analysts have recently issued reports on the company. DA Davidson set a $56.00 price objective on Apogee Enterprises and gave the company a “buy” rating in a research report on Tuesday, September 13th. Zacks Investment Research cut Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Tuesday, August 23rd. Finally, Goldman Sachs Group Inc. cut Apogee Enterprises from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $53.00 to $50.00 in a research report on Monday, July 11th.
In other news, Director Robert J. Marzec sold 3,000 shares of the firm’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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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