Apogee Enterprises, Inc. (NASDAQ:APOG) Stake Decreased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG) by 9.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,299 shares of the industrial products company’s stock after selling 339 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Apogee Enterprises were worth $231,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new stake in shares of Apogee Enterprises during the 2nd quarter worth about $3,547,000. Renaissance Technologies LLC increased its stake in shares of Apogee Enterprises by 1,004.1% during the second quarter. Renaissance Technologies LLC now owns 72,683 shares of the industrial products company’s stock valued at $4,567,000 after acquiring an additional 66,100 shares during the period. Farther Finance Advisors LLC raised its holdings in Apogee Enterprises by 2,602.0% during the third quarter. Farther Finance Advisors LLC now owns 1,351 shares of the industrial products company’s stock worth $95,000 after purchasing an additional 1,301 shares in the last quarter. Quest Partners LLC lifted its position in Apogee Enterprises by 115,311.1% in the second quarter. Quest Partners LLC now owns 10,387 shares of the industrial products company’s stock worth $653,000 after purchasing an additional 10,378 shares during the period. Finally, American Century Companies Inc. boosted its stake in 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 purchasing an additional 99,495 shares in the last quarter. 94.05% of the stock is owned by institutional investors.

Apogee Enterprises Stock Performance

APOG opened at $84.21 on Friday. 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 market cap of $1.85 billion, a PE ratio of 17.73 and a beta of 0.97. The business has a fifty day simple moving average of $77.82 and a 200-day simple moving average of $68.65. Apogee Enterprises, Inc. has a fifty-two week low of $44.56 and a fifty-two week high of $87.93.

Apogee Enterprises (NASDAQ:APOG) last announced 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. The business had revenue of $342.40 million during the quarter, compared to the consensus estimate of $335.31 million. Apogee Enterprises had a return on equity of 24.12% and a net margin of 7.58%. Apogee Enterprises’s revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.36 earnings per share. As a group, equities analysts predict that Apogee Enterprises, Inc. will post 5.06 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Tuesday, October 22nd were given a $0.25 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $1.00 annualized dividend and a dividend yield of 1.19%. Apogee Enterprises’s dividend payout ratio (DPR) is presently 21.05%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on APOG. DA Davidson boosted their price objective on Apogee Enterprises from $65.00 to $75.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. StockNews.com lowered Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th.

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).