Apogee Enterprises, Inc. (NASDAQ:APOG) Stock Holdings Lifted by Creative Planning

Creative Planning boosted its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 8.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,502 shares of the industrial products company’s stock after buying an additional 585 shares during the quarter. Creative Planning’s holdings in Apogee Enterprises were worth $471,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APOG. Headlands Technologies LLC grew its position in shares of Apogee Enterprises by 340.8% in the first quarter. Headlands Technologies LLC now owns 767 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 593 shares during the last quarter. EntryPoint Capital LLC boosted its holdings in Apogee Enterprises by 31.4% in the 1st quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 222 shares during the period. CWM LLC grew its position in Apogee Enterprises by 290.6% in the 2nd 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. Allspring Global Investments Holdings LLC grew its position in Apogee Enterprises by 599.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,119 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 959 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of Apogee Enterprises during the 2nd quarter worth about $75,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on APOG shares. StockNews.com raised Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. DA Davidson boosted their price objective on 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 Price Performance

NASDAQ:APOG opened at $78.81 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.65. The company has a 50-day moving average of $67.55 and a 200-day moving average of $64.29. Apogee Enterprises, Inc. has a 52 week low of $41.01 and a 52 week high of $86.22. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 16.18 and a beta of 0.98.

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, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $335.31 million. During the same quarter in the previous year, the firm earned $1.36 earnings per share. The business’s revenue was down 3.2% on a year-over-year basis. As a group, equities research analysts anticipate that Apogee Enterprises, Inc. will post 5.06 earnings per share for the current fiscal year.

Apogee Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Investors 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 annualized dividend and a yield of 1.27%. Apogee Enterprises’s dividend payout ratio is currently 20.53%.

Apogee Enterprises Company 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).