55,331 Shares in Apogee Enterprises, Inc. (NASDAQ:APOG) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new stake in Apogee Enterprises, Inc. (NASDAQ:APOG) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 55,331 shares of the industrial products company’s stock, valued at approximately $38,740,000. International Assets Investment Management LLC owned 0.25% of Apogee Enterprises as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Apogee Enterprises by 43.2% during the third quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock worth $38,000 after buying an additional 163 shares in the last quarter. Headlands Technologies LLC raised its stake in Apogee Enterprises by 340.8% in the 1st quarter. Headlands Technologies LLC now owns 767 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 593 shares in the last quarter. Quarry LP boosted its holdings in Apogee Enterprises by 959.4% in the 2nd quarter. Quarry LP now owns 731 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 662 shares during the period. EntryPoint Capital LLC grew its position in shares of Apogee Enterprises by 31.4% during the 1st quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 222 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Apogee Enterprises by 290.6% during the second quarter. CWM LLC now owns 957 shares of the industrial products company’s stock worth $60,000 after purchasing an additional 712 shares during the period. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on APOG shares. DA Davidson boosted their price target on Apogee Enterprises from $65.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. StockNews.com upgraded Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 15th.

Apogee Enterprises Stock Performance

Shares of NASDAQ:APOG opened at $76.69 on Tuesday. The company’s 50 day simple moving average is $70.18 and its 200 day simple moving average is $65.45. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.65 and a quick ratio of 1.32. Apogee Enterprises, Inc. has a 1 year low of $41.39 and a 1 year high of $86.22. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 15.75 and a beta of 0.98.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings data on Friday, October 4th. The industrial products company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.21. Apogee Enterprises had a return on equity of 24.12% and a net margin of 7.58%. The business had revenue of $342.40 million during the quarter, compared to the consensus estimate of $335.31 million. During the same period in the prior year, the company earned $1.36 EPS. Apogee Enterprises’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, research analysts predict that Apogee Enterprises, Inc. will post 5.06 EPS for the current fiscal year.

Apogee Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Tuesday, October 22nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Tuesday, October 22nd. Apogee Enterprises’s dividend payout ratio is 20.53%.

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).