State Board of Administration of Florida Retirement System Sells 2,160 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

State Board of Administration of Florida Retirement System decreased its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG – Get Rating) by 18.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,387 shares of the industrial products company’s stock after selling 2,160 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Apogee Enterprises were worth $417,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in APOG. Vanguard Group Inc. boosted its stake in shares of Apogee Enterprises by 6.8% during the 1st quarter. Vanguard Group Inc. now owns 2,868,027 shares of the industrial products company’s stock worth $136,117,000 after buying an additional 182,687 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Apogee Enterprises by 2.1% during the third quarter. Dimensional Fund Advisors LP now owns 1,455,186 shares of the industrial products company’s stock valued at $55,617,000 after purchasing an additional 30,106 shares during the last quarter. Segall Bryant & Hamill LLC grew its stake in Apogee Enterprises by 2.7% in the third quarter. Segall Bryant & Hamill LLC now owns 927,712 shares of the industrial products company’s stock valued at $35,459,000 after purchasing an additional 24,340 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Apogee Enterprises by 0.5% during the 1st quarter. Bank of New York Mellon Corp now owns 364,212 shares of the industrial products company’s stock worth $17,285,000 after purchasing an additional 1,767 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Apogee Enterprises by 1.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 349,592 shares of the industrial products company’s stock worth $16,592,000 after purchasing an additional 5,114 shares in the last quarter. Institutional investors own 88.38% of the company’s stock.

Insider Transactions at Apogee Enterprises

In other news, CFO Mark Richard Augdahl bought 1,334 shares of the stock in a transaction dated Wednesday, April 12th. The shares were bought at an average price of $41.75 per share, for a total transaction of $55,694.50. Following the completion of the purchase, the chief financial officer now owns 8,508 shares in the company, valued at $355,209. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Apogee Enterprises news, SVP Gary Robert Johnson sold 1,428 shares of the stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $42.73, for a total transaction of $61,018.44. Following the transaction, the senior vice president now owns 37,642 shares in the company, valued at approximately $1,608,442.66. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Mark Richard Augdahl purchased 1,334 shares of the company’s stock in a transaction dated Wednesday, April 12th. The stock was acquired at an average price of $41.75 per share, with a total value of $55,694.50. Following the completion of the transaction, the chief financial officer now owns 8,508 shares of the company’s stock, valued at approximately $355,209. The disclosure for this purchase can be found here. Corporate insiders own 1.82% of the company’s stock.

Apogee Enterprises Stock Down 0.6 %

APOG stock opened at $38.79 on Friday. Apogee Enterprises, Inc. has a 1-year low of $35.96 and a 1-year high of $49.65. The business’s 50 day simple moving average is $41.47 and its 200 day simple moving average is $44.44. The company has a current ratio of 1.58, a quick ratio of 1.26 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $864.24 million, a PE ratio of 8.32 and a beta of 1.10.

Apogee Enterprises (NASDAQ:APOG – Get Rating) last released its quarterly earnings data on Wednesday, April 12th. The industrial products company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.83 by $0.03. The firm had revenue of $344.10 million for the quarter, compared to the consensus estimate of $346.58 million. Apogee Enterprises had a net margin of 7.23% and a return on equity of 24.49%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.91 earnings per share. As a group, research analysts anticipate that Apogee Enterprises, Inc. will post 3.96 EPS for the current year.

Apogee Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 24th. Shareholders of record on Tuesday, May 9th will be given a dividend of $0.24 per share. The ex-dividend date is Monday, May 8th. This represents a $0.96 annualized dividend and a yield of 2.47%. Apogee Enterprises’s dividend payout ratio (DPR) is presently 20.60%.

Analysts Set New Price Targets

Several research firms recently weighed in on APOG. Craig Hallum raised their target price on shares of Apogee Enterprises from $45.00 to $46.00 and gave the company a “hold” rating in a research note on Thursday, April 13th. DA Davidson reissued a “neutral” rating on shares of Apogee Enterprises in a research report on Thursday, April 13th. Finally, StockNews.com began coverage on shares of Apogee Enterprises in a report on Thursday. They issued a “strong-buy” rating on the stock.

Apogee Enterprises Company Profile

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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.