Allspring Global Investments Holdings LLC Has $5.16 Million Stock Holdings in Apogee Enterprises, Inc. (NASDAQ:APOG)

Allspring Global Investments Holdings LLC boosted its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOGFree Report) by 64.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,733 shares of the industrial products company’s stock after acquiring an additional 28,845 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.34% of Apogee Enterprises worth $5,162,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in APOG. GAMMA Investing LLC increased its position in shares of Apogee Enterprises by 43.2% during the third quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 163 shares during the period. CWM LLC lifted its holdings in shares of Apogee Enterprises by 19.9% during the 3rd quarter. CWM LLC now owns 1,147 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 190 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Apogee Enterprises by 1.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the industrial products company’s stock valued at $697,000 after acquiring an additional 200 shares in the last quarter. EntryPoint Capital LLC increased its stake in Apogee Enterprises by 31.4% in the first quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 222 shares during the period. Finally, SummerHaven Investment Management LLC raised its position in Apogee Enterprises by 1.5% in the second quarter. SummerHaven Investment Management LLC now owns 15,641 shares of the industrial products company’s stock worth $983,000 after purchasing an additional 231 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Apogee Enterprises Trading Up 0.4 %

Shares of APOG stock opened at $74.94 on Monday. The company has a market capitalization of $1.64 billion, a P/E ratio of 15.39 and a beta of 0.98. Apogee Enterprises, Inc. has a 12-month low of $41.01 and a 12-month high of $86.22. The company has a quick ratio of 1.32, a current ratio of 1.65 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $69.92 and a 200 day moving average price of $65.32.

Apogee Enterprises (NASDAQ:APOGGet Free Report) last posted its earnings results on Friday, October 4th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.21. The company had revenue of $342.40 million during the quarter, compared to analysts’ expectations of $335.31 million. Apogee Enterprises had a net margin of 7.58% and a return on equity of 24.12%. Apogee Enterprises’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.36 earnings per share. Research analysts forecast that Apogee Enterprises, Inc. will post 5.06 earnings per share for the current fiscal year.

Apogee Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Tuesday, October 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Tuesday, October 22nd. Apogee Enterprises’s payout ratio is presently 20.53%.

Wall Street Analyst Weigh In

APOG has been the topic of several analyst reports. DA Davidson upped their price objective on Apogee Enterprises from $65.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. StockNews.com upgraded Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 15th.

Check Out Our Latest Stock Report on Apogee Enterprises

Apogee Enterprises Company Profile

(Free Report)

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).

Further Reading

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Institutional Ownership by Quarter for Apogee Enterprises (NASDAQ:APOG)

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