Amalgamated Bank Sells 245 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Amalgamated Bank reduced its stake in Apogee Enterprises, Inc. (NASDAQ:APOG) by 3.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,500 shares of the industrial products company’s stock after selling 245 shares during the quarter. Amalgamated Bank’s holdings in Apogee Enterprises were worth $455,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in shares of Apogee Enterprises by 43.2% during the 3rd quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock valued at $38,000 after buying an additional 163 shares in the last quarter. Quarry LP raised its position in shares of 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 period. Headlands Technologies LLC boosted its holdings 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 buying an additional 593 shares during the period. EntryPoint Capital LLC increased its stake in Apogee Enterprises by 31.4% in the 1st 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. Finally, CWM LLC raised its holdings in Apogee Enterprises by 290.6% during the second quarter. CWM LLC now owns 957 shares of the industrial products company’s stock valued at $60,000 after acquiring an additional 712 shares during the period. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on APOG. DA Davidson upped their price objective on Apogee Enterprises from $65.00 to $75.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. StockNews.com lowered shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a report on Friday.

Apogee Enterprises Stock Performance

Shares of NASDAQ APOG opened at $82.03 on Friday. The company has a market cap of $1.80 billion, a P/E ratio of 17.27 and a beta of 0.97. Apogee Enterprises, Inc. has a 52-week low of $44.46 and a 52-week high of $87.93. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.65. The firm’s fifty day moving average is $74.66 and its two-hundred day moving average is $67.53.

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

Apogee Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Tuesday, October 22nd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Tuesday, October 22nd. Apogee Enterprises’s dividend payout ratio (DPR) 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).