Sei Investments Co. Makes New Investment in Apogee Enterprises, Inc. (NASDAQ:APOG)

Sei Investments Co. acquired a new position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 27,666 shares of the industrial products company’s stock, valued at approximately $1,738,000. Sei Investments Co. owned 0.13% of Apogee Enterprises as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in Apogee Enterprises during the first quarter worth $747,000. Hsbc Holdings PLC bought a new stake in shares of Apogee Enterprises during the fourth quarter worth $992,000. Acadian Asset Management LLC bought a new stake in shares of Apogee Enterprises during the second quarter worth $3,547,000. Vanguard Group Inc. lifted its position in shares of Apogee Enterprises by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 3,097,343 shares of the industrial products company’s stock worth $165,429,000 after purchasing an additional 53,484 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position 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 purchasing an additional 66,100 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Apogee Enterprises news, insider Brent C. Jewell sold 5,000 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $64.34, for a total value of $321,700.00. Following the completion of the transaction, the insider now directly owns 23,405 shares in the company, valued at approximately $1,505,877.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. DA Davidson lifted their target price on Apogee Enterprises from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, June 28th. StockNews.com upgraded Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a report on Friday, July 26th.

Apogee Enterprises Stock Performance

Shares of Apogee Enterprises stock opened at $83.93 on Friday. The company has a market capitalization of $1.84 billion, a PE ratio of 17.23 and a beta of 0.98. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.29 and a current ratio of 1.64. The company has a 50-day simple moving average of $65.77 and a two-hundred day simple moving average of $63.29. Apogee Enterprises, Inc. has a one year low of $41.01 and a one year high of $86.22.

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 analysts’ consensus estimates of $1.20 by $0.24. The business had revenue of $342.40 million during the quarter, compared to the consensus estimate of $335.31 million. Apogee Enterprises had a net margin of 7.72% and a return on equity of 24.74%. The firm’s revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.36 earnings per share. Research analysts expect that Apogee Enterprises, Inc. will post 4.86 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Tuesday, October 22nd will be issued a $0.25 dividend. The ex-dividend date is 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 presently 20.53%.

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).