Louisiana State Employees Retirement System Sells 500 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Louisiana State Employees Retirement System lowered its stake in Apogee Enterprises, Inc. (NASDAQ:APOG) by 4.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,600 shares of the industrial products company’s stock after selling 500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Apogee Enterprises were worth $742,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in APOG. GAMMA Investing LLC grew its position 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 purchasing an additional 163 shares in the last quarter. CWM LLC raised its position in shares of Apogee Enterprises by 19.9% during the third quarter. CWM LLC now owns 1,147 shares of the industrial products company’s stock valued at $80,000 after buying an additional 190 shares during the last quarter. EntryPoint Capital LLC lifted 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 buying an additional 222 shares in the last quarter. SummerHaven Investment Management LLC boosted its position in shares of Apogee Enterprises by 1.5% during the second quarter. SummerHaven Investment Management LLC now owns 15,641 shares of the industrial products company’s stock worth $983,000 after acquiring an additional 231 shares during the last quarter. Finally, Diversified Trust Co grew its stake in Apogee Enterprises by 3.6% during the third quarter. Diversified Trust Co now owns 6,943 shares of the industrial products company’s stock valued at $486,000 after acquiring an additional 243 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Apogee Enterprises Trading Up 1.2 %

Shares of APOG opened at $76.71 on Tuesday. The stock has a market capitalization of $1.68 billion, a PE ratio of 16.15 and a beta of 0.97. The company’s fifty day moving average is $71.05 and its 200 day moving average is $65.99. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.65. Apogee Enterprises, Inc. has a fifty-two week low of $43.56 and a fifty-two week high of $86.22.

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

Apogee Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Tuesday, October 22nd will be given a $0.25 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.30%. Apogee Enterprises’s dividend payout ratio is presently 21.05%.

About Apogee Enterprises

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).