Delphi Management Inc. MA decreased its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 42.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,052 shares of the industrial products company’s stock after selling 18,353 shares during the quarter. Delphi Management Inc. MA owned about 0.09% of Apogee Enterprises worth $1,424,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Apogee Enterprises by 19,368.0% during the first quarter. BlackRock Inc. now owns 4,227,467 shares of the industrial products company’s stock worth $252,000,000 after purchasing an additional 4,205,752 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Apogee Enterprises by 5.6% during the first quarter. Vanguard Group Inc. now owns 2,562,618 shares of the industrial products company’s stock worth $152,757,000 after purchasing an additional 135,949 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Apogee Enterprises by 1.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,315,754 shares of the industrial products company’s stock worth $74,787,000 after purchasing an additional 18,145 shares during the last quarter. State Street Corp boosted its holdings in shares of Apogee Enterprises by 2.1% during the second quarter. State Street Corp now owns 1,122,436 shares of the industrial products company’s stock worth $63,793,000 after purchasing an additional 23,385 shares during the last quarter. Finally, SG Capital Management LLC acquired a new stake in shares of Apogee Enterprises during the second quarter worth $38,239,000.
Shares of Apogee Enterprises, Inc. (NASDAQ:APOG) traded up 1.019% on Thursday, hitting $49.065. The company had a trading volume of 80,913 shares. Apogee Enterprises, Inc. has a 12-month low of $39.88 and a 12-month high of $61.00. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 17.907 and a beta of 1.56. The company has a 50 day moving average of $45.60 and a 200-day moving average of $52.06.
Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings results on Tuesday, September 19th. The industrial products company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.71 by $0.04. Apogee Enterprises had a net margin of 6.57% and a return on equity of 17.89%. The business had revenue of $343.91 million for the quarter, compared to analysts’ expectations of $349.97 million. During the same period in the previous year, the company posted $0.77 EPS. Apogee Enterprises’s revenue was up 23.5% on a year-over-year basis. On average, analysts forecast that Apogee Enterprises, Inc. will post $3.07 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Tuesday, October 24th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Monday, October 23rd. Apogee Enterprises’s dividend payout ratio is currently 20.44%.
Several brokerages recently weighed in on APOG. ValuEngine raised Apogee Enterprises from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. BidaskClub lowered Apogee Enterprises from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Zacks Investment Research lowered Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, DA Davidson set a $52.00 target price on Apogee Enterprises and gave the stock a “buy” rating in a research report on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Apogee Enterprises has an average rating of “Hold” and a consensus target price of $63.33.
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Apogee Enterprises 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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