14,913 Shares in Apogee Enterprises, Inc. (NASDAQ:APOG) Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. purchased a new position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,913 shares of the industrial products company’s stock, valued at approximately $691,000. Assenagon Asset Management S.A. owned approximately 0.07% of Apogee Enterprises as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can lifted its holdings in Apogee Enterprises by 4.0% during the fourth quarter. Bank of Montreal Can now owns 7,734 shares of the industrial products company’s stock valued at $552,000 after purchasing an additional 298 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Apogee Enterprises by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,436 shares of the industrial products company’s stock valued at $888,000 after purchasing an additional 412 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in Apogee Enterprises by 6.5% during the fourth quarter. Sterling Capital Management LLC now owns 6,986 shares of the industrial products company’s stock valued at $499,000 after purchasing an additional 427 shares in the last quarter. Brevan Howard Capital Management LP lifted its holdings in Apogee Enterprises by 16.2% during the fourth quarter. Brevan Howard Capital Management LP now owns 3,683 shares of the industrial products company’s stock valued at $263,000 after purchasing an additional 514 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in Apogee Enterprises by 14.6% during the fourth quarter. LPL Financial LLC now owns 4,253 shares of the industrial products company’s stock valued at $304,000 after purchasing an additional 541 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Apogee Enterprises Price Performance

Shares of NASDAQ APOG opened at $37.58 on Thursday. The firm has a 50-day simple moving average of $40.91 and a 200-day simple moving average of $51.26. The stock has a market capitalization of $810.60 million, a price-to-earnings ratio of 9.69 and a beta of 0.97. The company has a quick ratio of 1.23, a current ratio of 1.55 and a debt-to-equity ratio of 0.58. Apogee Enterprises, Inc. has a 52 week low of $37.53 and a 52 week high of $87.93.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings data on Thursday, April 24th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.01). Apogee Enterprises had a return on equity of 21.81% and a net margin of 6.25%. The firm had revenue of $345.69 million for the quarter, compared to analyst estimates of $331.82 million. During the same quarter in the previous year, the business posted $1.14 earnings per share. Apogee Enterprises’s revenue for the quarter was down 4.4% on a year-over-year basis. On average, equities analysts predict that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Tuesday, May 13th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend was Tuesday, May 13th. Apogee Enterprises’s payout ratio is currently 26.80%.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a report on Friday, April 25th.

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).