Emerald Mutual Fund Advisers Trust lowered its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 14.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 524,208 shares of the industrial products company’s stock after selling 91,758 shares during the period. Apogee Enterprises comprises about 1.1% of Emerald Mutual Fund Advisers Trust’s holdings, making the stock its 20th largest position. Emerald Mutual Fund Advisers Trust owned 1.83% of Apogee Enterprises worth $25,298,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of APOG. BlackRock Inc. grew its holdings in shares of Apogee Enterprises by 19,368.0% during the first 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. Vanguard Group Inc. grew its holdings in shares of Apogee Enterprises by 5.6% during the first quarter. Vanguard Group Inc. now owns 2,562,618 shares of the industrial products company’s stock worth $152,757,000 after buying an additional 135,949 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Apogee Enterprises by 1.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,315,754 shares of the industrial products company’s stock worth $74,787,000 after buying an additional 18,145 shares during the last quarter. State Street Corp grew its holdings in shares of Apogee Enterprises by 2.1% during the second quarter. State Street Corp now owns 1,122,436 shares of the industrial products company’s stock worth $63,793,000 after buying an additional 23,385 shares during the last quarter. Finally, SG Capital Management LLC purchased a new position in shares of Apogee Enterprises during the second quarter worth about $38,239,000.
Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data on Tuesday, September 19th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.04. The business had revenue of $343.91 million during the quarter, compared to analysts’ expectations of $349.97 million. Apogee Enterprises had a net margin of 6.57% and a return on equity of 17.89%. The business’s revenue was up 23.5% on a year-over-year basis. During the same period last year, the firm posted $0.77 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Tuesday, October 24th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Monday, October 23rd. Apogee Enterprises’s dividend payout ratio (DPR) is presently 20.44%.
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APOG has been the topic of a number of research reports. Zacks Investment Research lowered Apogee Enterprises from a “hold” rating to a “sell” rating in a report on Monday, August 28th. ValuEngine lowered Apogee Enterprises from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub lowered Apogee Enterprises from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Finally, DA Davidson set a $52.00 price objective on Apogee Enterprises and gave the company a “buy” rating in a report on Thursday, August 24th. Two equities 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. Apogee Enterprises has a consensus rating of “Hold” and a consensus target price of $63.33.
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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