Emerald Advisers Inc. PA trimmed its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 15.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 618,187 shares of the industrial products company’s stock after selling 113,808 shares during the period. Apogee Enterprises comprises about 1.2% of Emerald Advisers Inc. PA’s portfolio, making the stock its 22nd largest holding. Emerald Advisers Inc. PA owned approximately 2.16% of Apogee Enterprises worth $29,834,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of APOG. BlackRock Inc. boosted its holdings in Apogee Enterprises by 19,368.0% in the 1st quarter. BlackRock Inc. now owns 4,227,467 shares of the industrial products company’s stock worth $252,000,000 after buying an additional 4,205,752 shares during the last quarter. SG Capital Management LLC purchased a new position in Apogee Enterprises in the 2nd quarter worth approximately $38,239,000. FMR LLC lifted its stake in Apogee Enterprises by 131.3% in the 1st quarter. FMR LLC now owns 622,720 shares of the industrial products company’s stock worth $37,120,000 after purchasing an additional 353,510 shares in the last quarter. Koch Industries Inc. purchased a new position in Apogee Enterprises in the 2nd quarter worth approximately $309,000. Finally, Fisher Asset Management LLC purchased a new position in Apogee Enterprises in the 3rd quarter worth approximately $6,805,000.
Several analysts have recently commented on APOG shares. ValuEngine raised shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. DA Davidson set a $52.00 target price on Apogee Enterprises and gave the company a “buy” rating in a research report on Thursday, August 24th. Zacks Investment Research lowered Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, BidaskClub lowered Apogee Enterprises from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $63.33.
Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings data on Tuesday, September 19th. The industrial products company reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.04. The company had revenue of $343.91 million during the quarter, compared to analyst estimates of $349.97 million. Apogee Enterprises had a net margin of 6.57% and a return on equity of 17.89%. The firm’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same period last year, the business earned $0.77 EPS.
The business 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. This represents a $0.56 annualized dividend and a yield of 1.17%. The ex-dividend date is Monday, October 23rd. Apogee Enterprises’s dividend payout ratio is currently 20.44%.
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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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