Janney Montgomery Scott LLC Makes New Investment in Apogee Enterprises, Inc. (NASDAQ:APOG)

Janney Montgomery Scott LLC bought a new position in Apogee Enterprises, Inc. (NASDAQ:APOG) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 25,702 shares of the industrial products company’s stock, valued at approximately $1,800,000. Janney Montgomery Scott LLC owned approximately 0.12% of Apogee Enterprises at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in Apogee Enterprises in the 1st quarter worth approximately $747,000. Acadian Asset Management LLC purchased a new stake in Apogee Enterprises in the 2nd quarter worth approximately $3,547,000. Renaissance Technologies LLC raised its position in shares of Apogee Enterprises by 1,004.1% during the 2nd quarter. Renaissance Technologies LLC now owns 72,683 shares of the industrial products company’s stock valued at $4,567,000 after buying an additional 66,100 shares in the last quarter. Quest Partners LLC raised its position in shares of Apogee Enterprises by 115,311.1% during the 2nd quarter. Quest Partners LLC now owns 10,387 shares of the industrial products company’s stock valued at $653,000 after buying an additional 10,378 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Apogee Enterprises by 23.2% during the 2nd quarter. American Century Companies Inc. now owns 528,769 shares of the industrial products company’s stock valued at $33,225,000 after buying an additional 99,495 shares in the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Apogee Enterprises Stock Performance

Apogee Enterprises stock opened at $84.78 on Thursday. The firm’s fifty day moving average price is $73.87 and its 200-day moving average price is $67.24. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.65. The stock has a market cap of $1.86 billion, a P/E ratio of 17.85 and a beta of 0.97. Apogee Enterprises, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $87.93.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Friday, October 4th. The industrial products company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.23 by $0.21. Apogee Enterprises had a net margin of 7.58% and a return on equity of 24.12%. The company had revenue of $342.40 million for the quarter, compared to analyst estimates of $335.31 million. During the same quarter last year, the firm earned $1.36 EPS. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, equities research analysts expect that Apogee Enterprises, Inc. will post 5.06 earnings per share for the current fiscal year.

Apogee Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Tuesday, October 22nd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Tuesday, October 22nd. Apogee Enterprises’s dividend payout ratio is currently 21.05%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on APOG. DA Davidson raised their price objective on shares of Apogee Enterprises from $65.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. StockNews.com upgraded shares of Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 15th.

Apogee Enterprises Company 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).