Chatham Capital Group Inc. boosted its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 96.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,900 shares of the industrial products company’s stock after buying an additional 13,200 shares during the quarter. Chatham Capital Group Inc.’s holdings in Apogee Enterprises were worth $1,166,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in APOG. Ceredex Value Advisors LLC acquired a new position in Apogee Enterprises during the 1st quarter worth about $42,970,000. Deprince Race & Zollo Inc. lifted its holdings in Apogee Enterprises by 346.1% during the 4th quarter. Deprince Race & Zollo Inc. now owns 1,058,950 shares of the industrial products company’s stock worth $48,426,000 after buying an additional 821,580 shares during the period. Glenmede Trust Co. NA lifted its holdings in Apogee Enterprises by 16.5% during the 4th quarter. Glenmede Trust Co. NA now owns 811,253 shares of the industrial products company’s stock worth $37,096,000 after buying an additional 114,840 shares during the period. Royce & Associates LP lifted its holdings in Apogee Enterprises by 12.1% during the 4th quarter. Royce & Associates LP now owns 849,898 shares of the industrial products company’s stock worth $38,866,000 after buying an additional 91,820 shares during the period. Finally, Virtus Fund Advisers LLC lifted its holdings in Apogee Enterprises by 12.2% during the 4th quarter. Virtus Fund Advisers LLC now owns 819,818 shares of the industrial products company’s stock worth $37,490,000 after buying an additional 88,995 shares during the period. 98.98% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO Joseph F. Puishys purchased 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 2nd. The shares were acquired at an average cost of $42.20 per share, with a total value of $126,600.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert J. Marzec sold 6,297 shares of the company’s stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $41.72, for a total value of $262,710.84. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.
Shares of Apogee Enterprises opened at $42.15 on Friday, Marketbeat.com reports. The stock has a market capitalization of $1.16 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 1.20 and a beta of 1.53. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.21 and a current ratio of 1.62. Apogee Enterprises, Inc. has a 1 year low of $41.36 and a 1 year high of $41.87.
Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings data on Thursday, April 12th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.21. The company had revenue of $353.30 million for the quarter, compared to the consensus estimate of $363.31 million. Apogee Enterprises had a return on equity of 17.77% and a net margin of 5.99%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 EPS. equities research analysts forecast that Apogee Enterprises, Inc. will post 3.43 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Stockholders of record on Wednesday, May 16th will be paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Tuesday, May 15th. Apogee Enterprises’s dividend payout ratio is 20.32%.
A number of research analysts have recently issued reports on APOG shares. BidaskClub raised Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. ValuEngine downgraded Apogee Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research raised Apogee Enterprises from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Goldman Sachs downgraded Apogee Enterprises from a “neutral” rating to a “sell” rating in a research note on Wednesday, April 4th. Finally, DA Davidson dropped their price objective on Apogee Enterprises from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, April 13th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $57.33.
Apogee Enterprises Company Profile
Apogee Enterprises, Inc designs and develops glass products and services in the United States, Canada, and Brazil. The company operates through four segments: Architectural Glass, Architectural Framing Systems, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Glass segment fabricates coated and high-performance glass used in customized windows and wall systems comprising the outside skin of commercial, institutional, and multi-family residential buildings.
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