NWQ Investment Management Company LLC decreased its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 513,872 shares of the industrial products company’s stock after selling 6,441 shares during the period. NWQ Investment Management Company LLC owned approximately 1.79% of Apogee Enterprises worth $24,799,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of APOG. Janney Montgomery Scott LLC bought a new position in shares of Apogee Enterprises in the 2nd quarter valued at $368,000. Great West Life Assurance Co. Can increased its stake in shares of Apogee Enterprises by 3.4% in the 2nd quarter. Great West Life Assurance Co. Can now owns 42,067 shares of the industrial products company’s stock valued at $2,390,000 after purchasing an additional 1,386 shares during the last quarter. Texas Permanent School Fund increased its stake in shares of Apogee Enterprises by 1.3% in the 2nd quarter. Texas Permanent School Fund now owns 21,012 shares of the industrial products company’s stock valued at $1,194,000 after purchasing an additional 272 shares during the last quarter. Forward Management LLC bought a new position in shares of Apogee Enterprises in the 2nd quarter valued at $137,000. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Apogee Enterprises by 3.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 167,639 shares of the industrial products company’s stock valued at $9,529,000 after purchasing an additional 5,391 shares during the last quarter. Institutional investors own 98.82% of the company’s stock.
Several equities analysts have recently issued reports on the company. DA Davidson set a $52.00 price target on Apogee Enterprises and gave the company a “buy” rating in a research note on Thursday, August 24th. Zacks Investment Research lowered Apogee Enterprises from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, ValuEngine lowered Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $63.33.
Shares of Apogee Enterprises, Inc. (NASDAQ APOG) opened at $48.37 on Thursday. The firm has a market capitalization of $1,390.03, a price-to-earnings ratio of 16.45, a P/E/G ratio of 1.43 and a beta of 1.61. Apogee Enterprises, Inc. has a 52-week low of $40.03 and a 52-week high of $61.00. The company has a current ratio of 1.86, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51.
Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Tuesday, September 19th. The industrial products company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.04. The business had revenue of $343.91 million for the quarter, compared to analyst estimates of $349.97 million. Apogee Enterprises had a return on equity of 17.89% and a net margin of 6.57%. Apogee Enterprises’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS. analysts forecast that Apogee Enterprises, Inc. will post 3.39 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 8th. Investors of record on Tuesday, October 24th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, October 23rd. This represents a $0.56 dividend on an annualized basis and a yield of 1.16%. Apogee Enterprises’s dividend payout ratio is currently 20.44%.
Apogee Enterprises Company Profile
Apogee Enterprises, Inc is engaged in the design and development of glass solutions for enclosing commercial buildings and framing art. The Company operates through four segments: Architectural Glass, Architectural Services, Architectural Framing Systems and Large-Scale Optical Technologies (LSO). The Architectural Glass segment fabricates coated glass used in customized window and wall systems.
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