Charles Schwab Investment Management Inc. Has $26.72 Million Stock Position in Apogee Enterprises, Inc. (NASDAQ:APOG)

Charles Schwab Investment Management Inc. reduced its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 0.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 381,557 shares of the industrial products company’s stock after selling 1,703 shares during the period. Charles Schwab Investment Management Inc. owned about 1.74% of Apogee Enterprises worth $26,715,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Gladius Capital Management LP bought a new position in Apogee Enterprises in the 3rd quarter valued at about $33,000. GAMMA Investing LLC raised its holdings in 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 period. Quarry LP raised its holdings in Apogee Enterprises by 959.4% in the 2nd quarter. Quarry LP now owns 731 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 662 shares during the period. CWM LLC raised its holdings in Apogee Enterprises by 290.6% in the 2nd 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. Finally, Financial Gravity Asset Management Inc. bought a new position in Apogee Enterprises in the 2nd quarter valued at about $75,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. StockNews.com cut shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. 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 report on Tuesday, October 8th.

Apogee Enterprises Stock Up 0.4 %

Shares of APOG opened at $84.18 on Thursday. Apogee Enterprises, Inc. has a 12 month low of $47.28 and a 12 month high of $87.93. The firm’s 50 day moving average is $78.83 and its 200-day moving average is $69.06. The stock has a market capitalization of $1.85 billion, a PE ratio of 17.64 and a beta of 0.99. The company has a current ratio of 1.65, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12.

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

Apogee Enterprises Announces Dividend

The company 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 (DPR) is 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).