Principal Financial Group Inc. Sells 5,189 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Principal Financial Group Inc. trimmed its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 4.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 113,397 shares of the industrial products company’s stock after selling 5,189 shares during the period. Principal Financial Group Inc. owned approximately 0.52% of Apogee Enterprises worth $7,939,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of APOG. GAMMA Investing LLC raised its holdings in Apogee Enterprises by 43.2% in the 3rd quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 163 shares during the period. Quarry LP lifted its position in shares of Apogee Enterprises by 959.4% in the second quarter. Quarry LP now owns 731 shares of the industrial products company’s stock worth $46,000 after buying an additional 662 shares in the last quarter. EntryPoint Capital LLC grew its holdings in shares of 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 purchasing an additional 222 shares in the last quarter. CWM LLC increased its position in Apogee Enterprises by 290.6% in the second quarter. CWM LLC now owns 957 shares of the industrial products company’s stock worth $60,000 after purchasing an additional 712 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Apogee Enterprises by 599.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,119 shares of the industrial products company’s stock worth $66,000 after buying an additional 959 shares during the last quarter. 94.05% of the stock is owned by institutional investors.

Apogee Enterprises Stock Down 0.4 %

NASDAQ:APOG opened at $81.07 on Wednesday. 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 capitalization of $1.78 billion, a P/E ratio of 17.07 and a beta of 0.97. The company’s 50-day simple moving average is $75.40 and its 200-day simple moving average is $67.81. 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 quarterly earnings results on Friday, October 4th. The industrial products company reported $1.44 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 return on equity of 24.12% and a net margin of 7.58%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same period last year, the business posted $1.36 earnings per share. On average, equities analysts anticipate that Apogee Enterprises, Inc. will post 5.06 earnings per share for the current fiscal year.

Apogee Enterprises Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Tuesday, October 22nd. Apogee Enterprises’s dividend payout ratio (DPR) is 21.05%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. StockNews.com downgraded Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. DA Davidson boosted their price target on shares of Apogee Enterprises from $65.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th.

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).