Creative Planning Reduces Position in Apogee Enterprises, Inc. (NASDAQ:APOG)

Creative Planning lessened its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 1.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,374 shares of the industrial products company’s stock after selling 128 shares during the quarter. Creative Planning’s holdings in Apogee Enterprises were worth $516,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in Apogee Enterprises by 43.2% during the 3rd quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock worth $38,000 after buying an additional 163 shares during the last quarter. Quarry LP grew its stake in Apogee Enterprises by 959.4% during the 2nd quarter. Quarry LP now owns 731 shares of the industrial products company’s stock worth $46,000 after buying an additional 662 shares during the last quarter. Headlands Technologies LLC grew its stake in Apogee Enterprises by 340.8% during the 1st quarter. Headlands Technologies LLC now owns 767 shares of the industrial products company’s stock worth $45,000 after buying an additional 593 shares during the last quarter. EntryPoint Capital LLC grew its stake in shares of 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 last quarter. Finally, CWM LLC grew its stake in shares of 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 purchasing an additional 712 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Trading Up 3.7 %

Shares of APOG stock opened at $79.57 on Wednesday. The business’s 50 day moving average is $71.23 and its two-hundred day moving average is $66.11. Apogee Enterprises, Inc. has a twelve month low of $43.56 and a twelve month high of $86.22. The company has a market capitalization of $1.75 billion, a P/E ratio of 16.75 and a beta of 0.97. 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 posted its quarterly earnings results 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. The business had revenue of $342.40 million during the quarter, compared to analysts’ expectations of $335.31 million. Apogee Enterprises had a return on equity of 24.12% and a net margin of 7.58%. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period last year, the firm earned $1.36 EPS. Equities analysts forecast that Apogee Enterprises, Inc. will post 5.06 EPS for the current year.

Apogee Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders 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 dividend yield of 1.26%. Apogee Enterprises’s dividend payout ratio is currently 21.05%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on APOG. StockNews.com upgraded Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 15th. DA Davidson lifted their target price on Apogee Enterprises from $65.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th.

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).