Macquarie Group Ltd. Cuts Stock Holdings in Apogee Enterprises, Inc. (NASDAQ:APOG)

Macquarie Group Ltd. reduced its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG – Get Rating) by 10.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,074 shares of the industrial products company’s stock after selling 4,359 shares during the quarter. Macquarie Group Ltd. owned approximately 0.17% of Apogee Enterprises worth $1,456,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Segall Bryant & Hamill LLC grew its position in Apogee Enterprises by 2.7% during the third quarter. Segall Bryant & Hamill LLC now owns 927,712 shares of the industrial products company’s stock worth $35,459,000 after buying an additional 24,340 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Apogee Enterprises in the 3rd quarter worth about $39,000. Renaissance Technologies LLC boosted its holdings in shares of Apogee Enterprises by 124.2% in the 3rd quarter. Renaissance Technologies LLC now owns 19,283 shares of the industrial products company’s stock worth $737,000 after purchasing an additional 10,683 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of Apogee Enterprises in the 3rd quarter worth about $441,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Apogee Enterprises in the 3rd quarter worth about $902,000. 88.38% of the stock is currently owned by institutional investors.

Insider Transactions at Apogee Enterprises

In other news, insider Brent C. Jewell sold 4,500 shares of the stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $45.36, for a total value of $204,120.00. Following the completion of the transaction, the insider now owns 10,816 shares of the company’s stock, valued at approximately $490,613.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.82% of the company’s stock.

Apogee Enterprises Trading Down 3.3 %

Shares of APOG stock opened at $43.51 on Friday. The stock has a market capitalization of $966.53 million, a PE ratio of 14.13 and a beta of 1.11. Apogee Enterprises, Inc. has a 1-year low of $35.96 and a 1-year high of $50.23. The business has a 50-day moving average of $45.95 and a 200 day moving average of $44.45. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.34.

Apogee Enterprises (NASDAQ:APOG – Get Rating) last released its quarterly earnings results on Thursday, December 22nd. The industrial products company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.09. The business had revenue of $367.85 million during the quarter, compared to analyst estimates of $354.60 million. Apogee Enterprises had a return on equity of 25.58% and a net margin of 4.75%. As a group, sell-side analysts anticipate that Apogee Enterprises, Inc. will post 3.96 earnings per share for the current year.

Apogee Enterprises Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Stockholders of record on Tuesday, January 31st were given a $0.24 dividend. The ex-dividend date was Monday, January 30th. This represents a $0.96 annualized dividend and a dividend yield of 2.21%. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.22. Apogee Enterprises’s dividend payout ratio is currently 31.17%.

About Apogee Enterprises

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Apogee Enterprises, Inc engages in the design and development of architectural products and services. It also provides architectural glass, aluminum framing systems and installation services for buildings, as well as value-added glazing products for custom picture framing. The company operates through the following segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies.