Thrivent Financial for Lutherans Lowers Stock Position in Apogee Enterprises, Inc. (NASDAQ:APOG)

Thrivent Financial for Lutherans reduced its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 6.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,224 shares of the industrial products company’s stock after selling 1,147 shares during the period. Thrivent Financial for Lutherans owned 0.08% of Apogee Enterprises worth $1,206,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its position in shares of Apogee Enterprises by 1.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,772 shares of the industrial products company’s stock worth $1,349,000 after buying an additional 428 shares in the last quarter. Comerica Bank boosted its position in Apogee Enterprises by 28.9% in the first quarter. Comerica Bank now owns 13,062 shares of the industrial products company’s stock worth $773,000 after purchasing an additional 2,925 shares during the last quarter. CWM LLC boosted its position in Apogee Enterprises by 290.6% in 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 last quarter. SG Americas Securities LLC grew its stake in Apogee Enterprises by 178.7% in the 2nd quarter. SG Americas Securities LLC now owns 35,168 shares of the industrial products company’s stock valued at $2,210,000 after purchasing an additional 22,549 shares during the period. Finally, Diversified Trust Co increased its position in shares of Apogee Enterprises by 9.4% during the 2nd quarter. Diversified Trust Co now owns 6,700 shares of the industrial products company’s stock valued at $421,000 after purchasing an additional 573 shares during the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on APOG. DA Davidson increased their price target on shares of Apogee Enterprises from $65.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. StockNews.com cut shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th.

Apogee Enterprises Stock Performance

NASDAQ:APOG opened at $84.21 on Monday. The company has a market capitalization of $1.85 billion, a P/E ratio of 17.73 and a beta of 0.97. The business has a fifty day simple moving average of $78.15 and a two-hundred day simple moving average of $68.79. 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 $44.56 and a 1 year high of $87.93.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings results 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 company had revenue of $342.40 million during the quarter, compared to the consensus estimate of $335.31 million. During the same quarter in the prior year, the company earned $1.36 EPS. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, analysts expect that Apogee Enterprises, Inc. will post 5.06 earnings per share for the current year.

Apogee Enterprises Announces Dividend

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

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).