Texas Permanent School Fund Corp Boosts Stake in Apogee Enterprises, Inc. (NASDAQ:APOG)

Texas Permanent School Fund Corp lifted its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG) by 32.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,648 shares of the industrial products company’s stock after purchasing an additional 6,319 shares during the quarter. Texas Permanent School Fund Corp owned 0.12% of Apogee Enterprises worth $1,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Headlands Technologies LLC grew its holdings in shares of Apogee Enterprises by 340.8% in the first quarter. Headlands Technologies LLC now owns 767 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 593 shares during the period. EntryPoint Capital LLC grew its holdings in shares of Apogee Enterprises by 31.4% in the first quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 222 shares during the period. CWM LLC grew its holdings in shares of Apogee Enterprises by 290.6% in the second quarter. CWM LLC now owns 957 shares of the industrial products company’s stock worth $60,000 after acquiring an additional 712 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Apogee Enterprises by 599.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,119 shares of the industrial products company’s stock worth $66,000 after acquiring an additional 959 shares during the period. Finally, Financial Gravity Asset Management Inc. bought a new stake in shares of Apogee Enterprises in the second quarter worth $75,000. Institutional investors own 94.05% of the company’s stock.

Insider Activity at Apogee Enterprises

In related news, insider Brent C. Jewell sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $64.34, for a total transaction of $321,700.00. Following the completion of the transaction, the insider now directly owns 23,405 shares of the company’s stock, valued at $1,505,877.70. The sale was disclosed in a filing with the SEC, which is available through this link. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on APOG. DA Davidson lifted their price objective on Apogee Enterprises from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, June 28th. StockNews.com raised Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a report on Friday, July 26th.

Apogee Enterprises Price Performance

Shares of Apogee Enterprises stock opened at $67.47 on Thursday. The stock’s 50-day simple moving average is $64.08 and its 200-day simple moving average is $62.19. Apogee Enterprises, Inc. has a 52 week low of $41.01 and a 52 week high of $70.64. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 13.96 and a beta of 0.98. The company has a quick ratio of 1.29, a current ratio of 1.64 and a debt-to-equity ratio of 0.16.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings data on Thursday, June 27th. The industrial products company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.16 by $0.28. Apogee Enterprises had a return on equity of 24.74% and a net margin of 7.72%. The business had revenue of $331.50 million for the quarter, compared to the consensus estimate of $333.22 million. During the same period in the previous year, the business earned $1.05 earnings per share. The business’s revenue was down 8.3% on a year-over-year basis. As a group, analysts expect that Apogee Enterprises, Inc. will post 4.86 earnings per share for the current fiscal year.

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).