Jane Street Group LLC Sells 6,707 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Jane Street Group LLC decreased its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 22.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,138 shares of the industrial products company’s stock after selling 6,707 shares during the quarter. Jane Street Group LLC owned about 0.11% of Apogee Enterprises worth $1,620,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Acadian Asset Management LLC bought a new stake in shares of Apogee Enterprises during the 2nd quarter valued at about $3,547,000. Kingsview Wealth Management LLC bought a new stake in shares of Apogee Enterprises during the third quarter valued at approximately $2,134,000. Renaissance Technologies LLC lifted its holdings in shares of Apogee Enterprises by 1,004.1% in the 2nd quarter. Renaissance Technologies LLC now owns 72,683 shares of the industrial products company’s stock worth $4,567,000 after purchasing an additional 66,100 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Apogee Enterprises by 2,602.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,351 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 1,301 shares during the last quarter. Finally, Quest Partners LLC boosted its stake in Apogee Enterprises by 115,311.1% during the 2nd quarter. Quest Partners LLC now owns 10,387 shares of the industrial products company’s stock valued at $653,000 after purchasing an additional 10,378 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on APOG. StockNews.com lowered Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 17th. DA Davidson raised 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.

Apogee Enterprises Stock Up 1.5 %

APOG stock opened at $73.15 on Friday. The stock has a market cap of $1.61 billion, a P/E ratio of 15.40 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. The stock’s fifty day simple moving average is $79.39 and its two-hundred day simple moving average is $70.40. Apogee Enterprises, Inc. has a 1-year low of $51.15 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, beating the consensus estimate of $1.23 by $0.21. The company had revenue of $342.40 million during the quarter, compared to analyst estimates of $335.31 million. Apogee Enterprises had a net margin of 7.58% and a return on equity of 24.12%. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.36 earnings per share. Analysts expect that Apogee Enterprises, Inc. will post 5.06 EPS for the current year.

Apogee Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Tuesday, October 22nd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Tuesday, October 22nd. Apogee Enterprises’s dividend payout ratio (DPR) is presently 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).