Quest Partners LLC Trims Holdings in Apogee Enterprises, Inc. (NASDAQ:APOG)

Quest Partners LLC decreased its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG) by 86.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,411 shares of the industrial products company’s stock after selling 8,976 shares during the period. Quest Partners LLC’s holdings in Apogee Enterprises were worth $99,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GAMMA Investing LLC increased its stake in Apogee Enterprises by 43.2% in 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 during the period. CWM LLC increased its stake 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 period. Louisiana State Employees Retirement System increased its stake in shares of Apogee Enterprises by 1.8% during the second quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the industrial products company’s stock valued at $697,000 after buying an additional 200 shares during the period. SummerHaven Investment Management LLC increased its stake 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 valued at $983,000 after buying an additional 231 shares during the period. Finally, Diversified Trust Co increased its stake in shares of 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 buying an additional 243 shares during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Price Performance

APOG opened at $84.21 on Friday. The business’s 50-day moving average is $77.82 and its two-hundred day moving average is $68.65. Apogee Enterprises, Inc. has a 1 year low of $44.56 and a 1 year high of $87.93. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.65 and a quick ratio of 1.32. The firm has a market capitalization of $1.85 billion, a PE ratio of 17.73 and a beta of 0.97.

Apogee Enterprises (NASDAQ:APOG) last posted its earnings results on Friday, October 4th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, beating 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 company had revenue of $342.40 million for the quarter, compared to analyst estimates of $335.31 million. During the same quarter in the previous year, the firm earned $1.36 earnings per share. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. Research analysts anticipate that Apogee Enterprises, Inc. will post 5.06 earnings per share for the current fiscal year.

Apogee Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Tuesday, October 22nd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.19%. The ex-dividend date was Tuesday, October 22nd. Apogee Enterprises’s dividend payout ratio is presently 21.05%.

Analysts Set New Price Targets

Several equities analysts have recently commented on APOG shares. StockNews.com lowered Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. DA Davidson raised 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.

Apogee Enterprises Company 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).