The Manufacturers Life Insurance Company Sells 264 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

The Manufacturers Life Insurance Company decreased its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,046 shares of the industrial products company’s stock after selling 264 shares during the period. The Manufacturers Life Insurance Company owned about 0.05% of Apogee Enterprises worth $773,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Gladius Capital Management LP purchased a new position in shares of Apogee Enterprises in the 3rd quarter worth $33,000. GAMMA Investing LLC raised its holdings in 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 acquiring an additional 163 shares during the period. Quarry LP increased its holdings 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 purchasing an additional 662 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Apogee Enterprises in the third quarter worth about $58,000. Finally, CWM LLC increased its holdings in shares of 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. Institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Trading Down 2.2 %

Shares of NASDAQ APOG opened at $76.80 on Friday. The business’s 50 day moving average is $80.39 and its two-hundred day moving average is $69.83. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.65 and a quick ratio of 1.32. Apogee Enterprises, Inc. has a 1-year low of $50.03 and a 1-year high of $87.93. The stock has a market capitalization of $1.68 billion, a P/E ratio of 16.17 and a beta of 0.99.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Friday, October 4th. The industrial products company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.21. Apogee Enterprises had a return on equity of 24.12% and a net margin of 7.58%. The company had revenue of $342.40 million for the quarter, compared to analysts’ expectations of $335.31 million. During the same period in the previous year, the firm posted $1.36 earnings per share. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, research analysts expect that Apogee Enterprises, Inc. will post 5.06 EPS for the current 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 issued a $0.25 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.30%. Apogee Enterprises’s payout ratio is 21.05%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on APOG shares. StockNews.com raised Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a report on Monday, December 9th. DA Davidson lifted their target price on Apogee Enterprises from $65.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th.

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).