10,956 Shares in Apogee Enterprises, Inc. $APOG Bought by AXQ Capital LP

AXQ Capital LP acquired a new position in Apogee Enterprises, Inc. (NASDAQ:APOG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,956 shares of the industrial products company’s stock, valued at approximately $445,000. AXQ Capital LP owned about 0.05% of Apogee Enterprises at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of Apogee Enterprises by 24.1% in the second quarter. JPMorgan Chase & Co. now owns 251,205 shares of the industrial products company’s stock worth $10,199,000 after purchasing an additional 48,837 shares in the last quarter. Magnetar Financial LLC purchased a new stake in shares of Apogee Enterprises in the second quarter worth about $514,000. LSV Asset Management raised its stake in Apogee Enterprises by 0.3% during the second quarter. LSV Asset Management now owns 483,000 shares of the industrial products company’s stock valued at $19,610,000 after purchasing an additional 1,645 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its position in Apogee Enterprises by 0.5% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 50,328 shares of the industrial products company’s stock valued at $2,043,000 after purchasing an additional 250 shares during the period. Finally, Financial Gravity Companies Inc. bought a new stake in Apogee Enterprises in the second quarter worth $38,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the company. DA Davidson raised Apogee Enterprises from a “neutral” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Monday, November 17th. Wall Street Zen raised Apogee Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apogee Enterprises in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.00.

Apogee Enterprises Stock Up 3.7%

APOG stock opened at $35.30 on Monday. The firm has a market cap of $759.30 million, a PE ratio of 17.30 and a beta of 1.10. Apogee Enterprises, Inc. has a one year low of $32.77 and a one year high of $86.66. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.76. The firm’s fifty day moving average is $39.13 and its 200 day moving average is $40.64.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Friday, October 10th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.14. The company had revenue of $358.19 million for the quarter, compared to the consensus estimate of $350.91 million. Apogee Enterprises had a return on equity of 15.76% and a net margin of 3.19%.Apogee Enterprises’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.44 earnings per share. On average, research analysts forecast that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Wednesday, October 29th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Wednesday, October 29th. Apogee Enterprises’s dividend payout ratio (DPR) is 50.98%.

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).