Cubic Asset Management LLC lifted its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 35.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,830 shares of the industrial products company’s stock after purchasing an additional 5,415 shares during the quarter. Cubic Asset Management LLC owned about 0.07% of Apogee Enterprises worth $1,005,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in APOG. Riverhead Capital Management LLC boosted its position in shares of Apogee Enterprises by 99.8% during the second quarter. Riverhead Capital Management LLC now owns 2,398 shares of the industrial products company’s stock valued at $136,000 after purchasing an additional 1,198 shares in the last quarter. Forward Management LLC bought a new stake in shares of Apogee Enterprises during the second quarter valued at approximately $137,000. Flinton Capital Management LLC boosted its position in shares of Apogee Enterprises by 80.0% during the second quarter. Flinton Capital Management LLC now owns 3,060 shares of the industrial products company’s stock valued at $174,000 after purchasing an additional 1,360 shares in the last quarter. Advisor Group Inc. boosted its position in shares of Apogee Enterprises by 76.9% during the second quarter. Advisor Group Inc. now owns 3,444 shares of the industrial products company’s stock valued at $195,000 after purchasing an additional 1,497 shares in the last quarter. Finally, Janney Capital Management LLC bought a new stake in shares of Apogee Enterprises during the second quarter valued at approximately $208,000.
Apogee Enterprises, Inc. (NASDAQ:APOG) traded down 0.54% during midday trading on Monday, hitting $47.55. The company had a trading volume of 11,236 shares. The company has a market capitalization of $1.36 billion, a P/E ratio of 17.35 and a beta of 1.56. Apogee Enterprises, Inc. has a 52 week low of $39.88 and a 52 week high of $61.00. The stock has a 50 day moving average price of $47.07 and a 200 day moving average price of $51.18.
Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings data on Tuesday, September 19th. The industrial products company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.71 by $0.04. The company had revenue of $343.91 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted $0.77 EPS. Equities analysts forecast that Apogee Enterprises, Inc. will post $3.07 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Tuesday, October 24th will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, October 23rd. This represents a $0.56 annualized dividend and a yield of 1.17%. Apogee Enterprises’s payout ratio is currently 20.44%.
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Several equities research analysts recently weighed in on APOG shares. Zacks Investment Research lowered Apogee Enterprises from a “hold” rating to a “sell” rating in a research report on Monday, August 28th. ValuEngine lowered Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub lowered Apogee Enterprises from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, DA Davidson set a $52.00 price target on Apogee Enterprises and gave the company a “buy” rating in a research report on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $63.33.
About Apogee Enterprises
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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