American Century Companies Inc. lessened its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG – Free Report) by 20.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 126,540 shares of the industrial products company’s stock after selling 32,641 shares during the period. American Century Companies Inc. owned 0.57% of Apogee Enterprises worth $5,473,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 Middle East FZE acquired a new stake in shares of Apogee Enterprises during the 4th quarter worth about $42,000. Stonebridge Capital Advisors LLC acquired a new stake in shares of Apogee Enterprises during the 1st quarter worth about $47,000. Point72 Hong Kong Ltd raised its position in shares of Apogee Enterprises by 35.1% during the 1st quarter. Point72 Hong Kong Ltd now owns 1,300 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 338 shares in the last quarter. Captrust Financial Advisors increased its position in Apogee Enterprises by 79.2% during the first quarter. Captrust Financial Advisors now owns 2,090 shares of the industrial products company’s stock worth $99,000 after buying an additional 924 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in Apogee Enterprises by 92.1% during the third quarter. Tower Research Capital LLC TRC now owns 3,149 shares of the industrial products company’s stock worth $121,000 after buying an additional 1,510 shares during the period. Institutional investors and hedge funds own 88.82% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have commented on APOG shares. DA Davidson lifted their price target on Apogee Enterprises from $44.00 to $50.00 in a research report on Tuesday, June 27th. StockNews.com started coverage on Apogee Enterprises in a research report on Thursday, August 17th. They set a “buy” rating on the stock.
Apogee Enterprises Trading Down 1.4 %
Shares of APOG stock opened at $48.72 on Thursday. The business’s 50 day moving average is $48.75 and its two-hundred day moving average is $44.53. Apogee Enterprises, Inc. has a twelve month low of $36.62 and a twelve month high of $51.69. The company has a market capitalization of $1.08 billion, a P/E ratio of 10.34 and a beta of 1.17. The company has a current ratio of 1.69, a quick ratio of 1.34 and a debt-to-equity ratio of 0.42.
Apogee Enterprises (NASDAQ:APOG – Get Free Report) last posted its quarterly earnings results on Friday, June 23rd. The industrial products company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.15. The firm had revenue of $361.80 million for the quarter, compared to the consensus estimate of $355.60 million. Apogee Enterprises had a return on equity of 23.39% and a net margin of 7.26%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.00 earnings per share. Equities analysts forecast that Apogee Enterprises, Inc. will post 4.22 EPS for the current year.
Apogee Enterprises Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, July 27th. Stockholders of record on Wednesday, July 12th were issued a $0.24 dividend. The ex-dividend date was Tuesday, July 11th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.97%. Apogee Enterprises’s dividend payout ratio (DPR) is 20.38%.
Insider Transactions at Apogee Enterprises
In other news, EVP Curtis John Dobler sold 3,727 shares of the business’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $46.95, for a total value of $174,982.65. Following the completion of the transaction, the executive vice president now directly owns 34,314 shares of the company’s stock, valued at $1,611,042.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Jane Marie Boyce sold 14,500 shares of the company’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $47.42, for a total value of $687,590.00. Following the completion of the transaction, the insider now directly owns 42,603 shares in the company, valued at $2,020,234.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Curtis John Dobler sold 3,727 shares of the company’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $46.95, for a total value of $174,982.65. Following the completion of the transaction, the executive vice president now owns 34,314 shares of the company’s stock, valued at $1,611,042.30. The disclosure for this sale can be found here. Insiders sold a total of 19,727 shares of company stock valued at $934,648 over the last three months. 2.00% of the stock is currently owned by insiders.
Apogee Enterprises Company Profile
Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and installs custom glass and aluminum windows, curtainwalls, storefront, and entrance systems for the exterior of buildings primarily in the commercial, institutional, and multi-family residential construction sectors.
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