Apogee Enterprises, Inc. (NASDAQ:APOG) Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 5.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,078 shares of the industrial products company’s stock after purchasing an additional 2,579 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.23% of Apogee Enterprises worth $2,320,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Victory Capital Management Inc. raised its position in shares of Apogee Enterprises by 1.3% during the 1st quarter. Victory Capital Management Inc. now owns 1,170,654 shares of the industrial products company’s stock valued at $54,236,000 after acquiring an additional 14,687 shares in the last quarter. Segall Bryant & Hamill LLC raised its position in shares of Apogee Enterprises by 9.3% during the 1st quarter. Segall Bryant & Hamill LLC now owns 723,988 shares of the industrial products company’s stock valued at $33,542,000 after acquiring an additional 61,430 shares in the last quarter. Northern Trust Corp raised its position in shares of Apogee Enterprises by 19.9% during the 4th quarter. Northern Trust Corp now owns 277,942 shares of the industrial products company’s stock valued at $19,848,000 after acquiring an additional 46,220 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Apogee Enterprises by 87.9% during the 4th quarter. JPMorgan Chase & Co. now owns 186,744 shares of the industrial products company’s stock valued at $13,335,000 after acquiring an additional 87,356 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its position in shares of Apogee Enterprises by 5.2% during the 1st quarter. Allianz Asset Management GmbH now owns 171,177 shares of the industrial products company’s stock valued at $7,931,000 after acquiring an additional 8,535 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Wall Street Zen lowered Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday. DA Davidson lowered their price objective on Apogee Enterprises from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Tuesday, July 1st.

Apogee Enterprises Price Performance

Shares of APOG opened at $42.47 on Wednesday. The company has a market cap of $914.38 million, a P/E ratio of 18.15 and a beta of 0.96. The stock has a fifty day moving average price of $40.59 and a 200 day moving average price of $44.86. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.77 and a quick ratio of 1.36. Apogee Enterprises, Inc. has a 12 month low of $37.53 and a 12 month high of $87.93.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Friday, June 27th. The industrial products company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.11. The firm had revenue of $346.62 million during the quarter, compared to the consensus estimate of $326.08 million. Apogee Enterprises had a return on equity of 17.79% and a net margin of 3.73%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.44 EPS. On average, research analysts forecast that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Wednesday, July 16th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, July 16th. This represents a $1.04 annualized dividend and a dividend yield of 2.45%. Apogee Enterprises’s payout ratio is 44.44%.

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).