International Assets Investment Management LLC Acquires New Holdings in Apogee Enterprises, Inc. (NASDAQ:APOG)

International Assets Investment Management LLC bought a new position in Apogee Enterprises, Inc. (NASDAQ:APOG) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 41,682 shares of the industrial products company’s stock, valued at approximately $22,260,000.

Other hedge funds also recently modified their holdings of the company. Barclays PLC boosted its holdings in Apogee Enterprises by 1.3% in the third quarter. Barclays PLC now owns 30,070 shares of the industrial products company’s stock worth $1,416,000 after purchasing an additional 374 shares in the last quarter. Diversified Trust Co lifted its position in shares of Apogee Enterprises by 7.8% in the fourth quarter. Diversified Trust Co now owns 6,127 shares of the industrial products company’s stock worth $327,000 after buying an additional 445 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Apogee Enterprises by 8.7% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 13,888 shares of the industrial products company’s stock worth $654,000 after acquiring an additional 1,116 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Apogee Enterprises during the 3rd quarter valued at about $56,000. Finally, Deutsche Bank AG raised its stake in shares of Apogee Enterprises by 13.5% in the 3rd quarter. Deutsche Bank AG now owns 11,059 shares of the industrial products company’s stock valued at $521,000 after acquiring an additional 1,314 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insider Transactions at Apogee Enterprises

In related news, insider Troy R. Johnson sold 12,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $61.06, for a total transaction of $732,720.00. Following the completion of the sale, the insider now owns 33,433 shares in the company, valued at approximately $2,041,418.98. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Brent C. Jewell sold 7,500 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $61.79, for a total transaction of $463,425.00. Following the transaction, the insider now owns 66 shares in the company, valued at approximately $4,078.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Troy R. Johnson sold 12,000 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $61.06, for a total transaction of $732,720.00. Following the completion of the sale, the insider now owns 33,433 shares of the company’s stock, valued at approximately $2,041,418.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,025 shares of company stock worth $2,374,896. Company insiders own 2.00% of the company’s stock.

Apogee Enterprises Stock Down 0.1 %

Shares of Apogee Enterprises stock opened at $63.54 on Friday. Apogee Enterprises, Inc. has a 12-month low of $36.62 and a 12-month high of $64.30. The company has a quick ratio of 1.18, a current ratio of 1.47 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average price of $58.59 and a two-hundred day moving average price of $52.91. The stock has a market capitalization of $1.41 billion, a P/E ratio of 14.09 and a beta of 1.07.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data on Thursday, April 18th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.17. The business had revenue of $361.80 million during the quarter, compared to the consensus estimate of $337.84 million. Apogee Enterprises had a net margin of 7.03% and a return on equity of 23.84%. Apogee Enterprises’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 EPS. Equities analysts expect that Apogee Enterprises, Inc. will post 4.57 earnings per share for the current year.

Apogee Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 21st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Monday, May 20th. Apogee Enterprises’s dividend payout ratio is currently 22.17%.

Apogee Enterprises Profile

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).