Apogee Enterprises, Inc. (NASDAQ:APOG) Shares Bought by Fmr LLC

Fmr LLC lifted its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG) by 12.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,690 shares of the industrial products company’s stock after acquiring an additional 11,627 shares during the period. Fmr LLC owned approximately 0.48% of Apogee Enterprises worth $7,330,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of APOG. Pacer Advisors Inc. grew its position in shares of Apogee Enterprises by 15.5% during the 2nd quarter. Pacer Advisors Inc. now owns 917,000 shares of the industrial products company’s stock valued at $57,620,000 after buying an additional 122,811 shares during the last quarter. American Century Companies Inc. increased its position in shares of Apogee Enterprises by 23.2% in the second quarter. American Century Companies Inc. now owns 528,769 shares of the industrial products company’s stock worth $33,225,000 after acquiring an additional 99,495 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Apogee Enterprises by 70.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 162,379 shares of the industrial products company’s stock worth $11,369,000 after acquiring an additional 67,295 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Apogee Enterprises by 1,004.1% during the second quarter. Renaissance Technologies LLC now owns 72,683 shares of the industrial products company’s stock worth $4,567,000 after acquiring an additional 66,100 shares in the last quarter. Finally, Foundry Partners LLC acquired a new position in shares of Apogee Enterprises during the 3rd quarter worth $4,182,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on APOG. DA Davidson lifted their price target on 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 upgraded shares of Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Monday.

Apogee Enterprises Price Performance

Shares of APOG opened at $78.54 on Friday. Apogee Enterprises, Inc. has a 1 year low of $48.03 and a 1 year high of $87.93. The company has a current ratio of 1.65, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12. The stock has a market cap of $1.72 billion, a P/E ratio of 16.53 and a beta of 0.99. The stock’s 50-day moving average price is $80.53 and its two-hundred day moving average price is $69.76.

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

Apogee Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Tuesday, October 22nd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Tuesday, October 22nd. Apogee Enterprises’s payout ratio 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).