Croft Leominster Inc. continued to hold its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,500 shares of the industrial products company’s stock at the close of the 2nd quarter. Croft Leominster Inc. owned 0.06% of Apogee Enterprises worth $984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently made changes to their positions in APOG. First Trust Advisors LP bought a new stake in Apogee Enterprises during the 1st quarter worth about $1,817,000. Swiss National Bank raised its holdings in Apogee Enterprises by 1.7% during the 1st quarter. Swiss National Bank now owns 47,600 shares of the industrial products company’s stock worth $2,837,000 after purchasing an additional 800 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in Apogee Enterprises by 58.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 18,883 shares of the industrial products company’s stock worth $1,126,000 after purchasing an additional 6,954 shares during the last quarter. Karp Capital Management Corp bought a new stake in Apogee Enterprises during the 1st quarter worth about $914,000. Finally, Ameritas Investment Partners Inc. bought a new stake in Apogee Enterprises during the 1st quarter worth about $146,000.
Several brokerages have weighed in on APOG. BidaskClub cut Apogee Enterprises from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. DA Davidson set a $52.00 price target on Apogee Enterprises and gave the company a “buy” rating in a research note on Thursday, August 24th. Zacks Investment Research cut Apogee Enterprises from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, ValuEngine raised Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $63.33.
Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Tuesday, September 19th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.04. Apogee Enterprises had a return on equity of 17.89% and a net margin of 6.57%. The company had revenue of $343.91 million during the quarter, compared to the consensus estimate of $349.97 million. During the same period last year, the company earned $0.77 earnings per share. The firm’s revenue was up 23.5% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Tuesday, October 24th will be given a dividend of $0.14 per share. The ex-dividend date is Monday, October 23rd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.15%. Apogee Enterprises’s dividend payout ratio (DPR) is 20.44%.
About Apogee Enterprises
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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