Nisa Investment Advisors LLC Sells 491 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Nisa Investment Advisors LLC reduced its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 25.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,444 shares of the industrial products company’s stock after selling 491 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Apogee Enterprises were worth $77,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of APOG. Victory Capital Management Inc. bought a new stake in Apogee Enterprises during the third quarter worth $48,063,000. Norges Bank bought a new stake in Apogee Enterprises during the fourth quarter worth $13,539,000. Envestnet Asset Management Inc. lifted its holdings in Apogee Enterprises by 2,523.4% during the first quarter. Envestnet Asset Management Inc. now owns 258,853 shares of the industrial products company’s stock worth $328,000 after acquiring an additional 248,986 shares during the period. Pacer Advisors Inc. lifted its holdings in Apogee Enterprises by 69.8% during the fourth quarter. Pacer Advisors Inc. now owns 537,470 shares of the industrial products company’s stock worth $28,706,000 after acquiring an additional 220,898 shares during the period. Finally, Millennium Management LLC lifted its holdings in Apogee Enterprises by 175.5% during the fourth quarter. Millennium Management LLC now owns 322,360 shares of the industrial products company’s stock worth $14,332,000 after acquiring an additional 205,330 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Apogee Enterprises Stock Performance

Shares of APOG opened at $57.95 on Friday. The firm has a market cap of $1.28 billion, a PE ratio of 12.85 and a beta of 1.10. The stock’s fifty day moving average price is $57.19 and its two-hundred day moving average price is $51.77. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.47 and a quick ratio of 1.28. Apogee Enterprises, Inc. has a 1 year low of $36.62 and a 1 year high of $62.99.

Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Thursday, April 18th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.17. The firm had revenue of $361.80 million for the quarter, compared to analyst estimates of $337.84 million. Apogee Enterprises had a return on equity of 23.84% and a net margin of 7.03%. The business’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 earnings per share. On average, equities research analysts forecast that Apogee Enterprises, Inc. will post 4.59 EPS for the current year.

About Apogee Enterprises

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.