Apogee Enterprises, Inc. (NASDAQ:APOG) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lessened its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 16.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,164 shares of the industrial products company’s stock after selling 1,208 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Apogee Enterprises were worth $286,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of APOG. JPMorgan Chase & Co. boosted its stake in shares of Apogee Enterprises by 87.9% in the 4th quarter. JPMorgan Chase & Co. now owns 186,744 shares of the industrial products company’s stock valued at $13,335,000 after buying an additional 87,356 shares during the period. Renaissance Technologies LLC grew its stake in Apogee Enterprises by 196.2% during the 4th quarter. Renaissance Technologies LLC now owns 122,883 shares of the industrial products company’s stock worth $8,775,000 after buying an additional 81,400 shares during the last quarter. Bridgeway Capital Management LLC acquired a new stake in Apogee Enterprises during the 4th quarter worth approximately $5,535,000. Segall Bryant & Hamill LLC lifted its position in 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 worth $33,542,000 after acquiring an additional 61,430 shares during the period. Finally, CX Institutional acquired a new stake in shares of Apogee Enterprises in the 1st quarter valued at approximately $2,498,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on APOG shares. DA Davidson reduced their price objective on Apogee Enterprises from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday, July 1st. Wall Street Zen cut Apogee Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, July 26th.

Apogee Enterprises Trading Down 0.2%

NASDAQ:APOG opened at $41.52 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.36 and a current ratio of 1.77. Apogee Enterprises, Inc. has a one year low of $37.53 and a one year high of $87.93. The business’s 50-day simple moving average is $41.00 and its 200 day simple moving average is $44.19. The stock has a market cap of $893.93 million, a price-to-earnings ratio of 17.74 and a beta of 1.00.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings data on Friday, June 27th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.11. The firm had revenue of $346.62 million for the quarter, compared to analysts’ expectations of $326.08 million. Apogee Enterprises had a return on equity of 17.79% and a net margin of 3.73%. Apogee Enterprises’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.44 earnings per share. As a group, sell-side analysts predict that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Wednesday, July 16th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, July 16th. Apogee Enterprises’s dividend 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).