Farther Finance Advisors LLC Has $95,000 Position in Apogee Enterprises, Inc. (NASDAQ:APOG)

Farther Finance Advisors LLC boosted its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 2,602.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,351 shares of the industrial products company’s stock after purchasing an additional 1,301 shares during the period. Farther Finance Advisors LLC’s holdings in Apogee Enterprises were worth $95,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in shares of Apogee Enterprises by 43.2% in the 3rd quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 163 shares during the last quarter. Headlands Technologies LLC grew its stake in shares of Apogee Enterprises by 340.8% in the 1st quarter. Headlands Technologies LLC now owns 767 shares of the industrial products company’s stock valued at $45,000 after buying an additional 593 shares during the period. Quarry LP boosted its stake in Apogee Enterprises by 959.4% during 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 last quarter. EntryPoint Capital LLC boosted its stake in Apogee Enterprises by 31.4% during the 1st quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 222 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Apogee Enterprises by 290.6% during the 2nd quarter. CWM LLC now owns 957 shares of the industrial products company’s stock worth $60,000 after buying an additional 712 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Apogee Enterprises Stock Up 1.4 %

APOG opened at $87.22 on Tuesday. The business’s fifty day simple moving average is $73.02 and its 200 day simple moving average is $66.95. Apogee Enterprises, Inc. has a 52 week low of $44.04 and a 52 week high of $87.93. The stock has a market cap of $1.91 billion, a PE ratio of 18.36 and a beta of 0.97. The company has a quick ratio of 1.32, a current ratio of 1.65 and a debt-to-equity ratio of 0.12.

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

Apogee Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Tuesday, October 22nd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.15%. Apogee Enterprises’s dividend payout ratio is currently 21.05%.

Analyst Upgrades and Downgrades

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

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).