Apogee Enterprises, Inc. (NASDAQ:APOG) Holdings Trimmed by Arjuna Capital

Arjuna Capital trimmed its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 0.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,721 shares of the industrial products company’s stock after selling 191 shares during the period. Apogee Enterprises accounts for 1.1% of Arjuna Capital’s investment portfolio, making the stock its 26th biggest holding. Arjuna Capital owned 0.29% of Apogee Enterprises worth $4,391,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its stake in shares of Apogee Enterprises by 15.5% during the 2nd quarter. Pacer Advisors Inc. now owns 917,000 shares of the industrial products company’s stock valued at $57,620,000 after buying an additional 122,811 shares during the period. American Century Companies Inc. boosted its stake in shares of Apogee Enterprises by 23.2% during the 2nd quarter. American Century Companies Inc. now owns 528,769 shares of the industrial products company’s stock valued at $33,225,000 after buying an additional 99,495 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Apogee Enterprises by 70.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 162,379 shares of the industrial products company’s stock valued at $11,369,000 after buying an additional 67,295 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Apogee Enterprises by 1,004.1% during the 2nd quarter. Renaissance Technologies LLC now owns 72,683 shares of the industrial products company’s stock valued at $4,567,000 after buying an additional 66,100 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of Apogee Enterprises during the 2nd quarter valued at $3,547,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. DA Davidson lifted their price objective on shares of Apogee Enterprises from $65.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. StockNews.com raised shares of Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 15th.

Apogee Enterprises Stock Up 1.3 %

Shares of APOG stock traded up $1.07 on Wednesday, hitting $86.32. The company’s stock had a trading volume of 10,774 shares, compared to its average volume of 147,500. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.65 and a quick ratio of 1.32. Apogee Enterprises, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $87.93. The firm’s fifty day moving average price is $73.44 and its 200-day moving average price is $67.12. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 17.95 and a beta of 0.97.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Friday, October 4th. The industrial products company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.21. The firm had revenue of $342.40 million during the quarter, compared to analyst estimates of $335.31 million. Apogee Enterprises had a net margin of 7.58% and a return on equity of 24.12%. The business’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.36 EPS. Research analysts anticipate that Apogee Enterprises, Inc. will post 5.06 EPS for the current year.

Apogee Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Tuesday, October 22nd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Tuesday, October 22nd. Apogee Enterprises’s dividend payout ratio is 21.05%.

About Apogee Enterprises

Apogee Enterprises, Inc provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical (LSO).