GAMMA Investing LLC Has $500,000 Position in Apogee Enterprises, Inc. (NASDAQ:APOG)

GAMMA Investing LLC increased its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG) by 1,594.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,795 shares of the industrial products company’s stock after purchasing an additional 10,158 shares during the period. GAMMA Investing LLC’s holdings in Apogee Enterprises were worth $500,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. New Age Alpha Advisors LLC acquired a new position in shares of Apogee Enterprises during the 4th quarter worth about $40,000. Public Employees Retirement System of Ohio bought a new stake in shares of Apogee Enterprises in the 4th quarter valued at approximately $42,000. Meeder Asset Management Inc. bought a new stake in shares of Apogee Enterprises in the 4th quarter valued at approximately $57,000. Vestcor Inc bought a new stake in Apogee Enterprises during the 4th quarter worth approximately $106,000. Finally, Envestnet Asset Management Inc. bought a new stake in Apogee Enterprises during the 4th quarter worth approximately $228,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analyst Ratings Changes

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

Apogee Enterprises Price Performance

APOG opened at $37.58 on Friday. 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 12 month low of $37.53 and a 12 month high of $87.93. The company has a fifty day simple moving average of $40.73 and a 200 day simple moving average of $50.94. The stock has a market cap of $810.60 million, a P/E ratio of 9.69 and a beta of 0.97.

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

Apogee Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Tuesday, May 13th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date was Tuesday, May 13th. Apogee Enterprises’s dividend payout ratio (DPR) is presently 26.80%.

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).