Westwood Holdings Group Inc. grew its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 44.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 350,265 shares of the industrial products company’s stock after purchasing an additional 108,165 shares during the period. Westwood Holdings Group Inc. owned approximately 1.21% of Apogee Enterprises worth $19,909,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Riverhead Capital Management LLC grew its position in shares of Apogee Enterprises by 99.8% during the second quarter. Riverhead Capital Management LLC now owns 2,398 shares of the industrial products company’s stock valued at $136,000 after purchasing an additional 1,198 shares in the last quarter. Forward Management LLC bought a new position in shares of Apogee Enterprises in the 2nd quarter valued at about $137,000. Ameritas Investment Partners Inc. bought a new position in shares of Apogee Enterprises in the 1st quarter valued at about $146,000. Flinton Capital Management LLC lifted its holdings in shares of Apogee Enterprises by 80.0% in the 2nd quarter. Flinton Capital Management LLC now owns 3,060 shares of the industrial products company’s stock valued at $174,000 after acquiring an additional 1,360 shares during the last quarter. Finally, Advisor Group Inc. lifted its holdings in shares of Apogee Enterprises by 76.9% in the 2nd quarter. Advisor Group Inc. now owns 3,444 shares of the industrial products company’s stock valued at $195,000 after acquiring an additional 1,497 shares during the last quarter.
Shares of Apogee Enterprises, Inc. (NASDAQ APOG) traded down 1.02% on Friday, hitting $48.60. 184,805 shares of the company were exchanged. Apogee Enterprises, Inc. has a 52-week low of $39.88 and a 52-week high of $61.00. The stock has a market capitalization of $1.40 billion, a PE ratio of 17.74 and a beta of 1.56. The firm’s 50-day moving average is $45.83 and its 200-day moving average is $52.04.
Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings results on Tuesday, September 19th. The industrial products company reported $0.75 earnings per share 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 during the quarter, compared to analysts’ expectations of $349.97 million. During the same quarter in the prior year, the company posted $0.77 EPS. The business’s revenue for the quarter was up 23.5% on a year-over-year basis. Equities research analysts predict that Apogee Enterprises, Inc. will post $3.07 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Tuesday, October 24th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, October 23rd. This represents a $0.56 annualized dividend and a dividend yield of 1.14%. Apogee Enterprises’s dividend payout ratio (DPR) is 20.44%.
A number of brokerages recently commented on APOG. BidaskClub downgraded shares of 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 shares of Apogee Enterprises and gave the company a “buy” rating in a report on Thursday, August 24th. Zacks Investment Research downgraded shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, ValuEngine raised shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $63.33.
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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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