BNP Paribas Arbitrage SA Increases Position in Apogee Enterprises, Inc. (APOG)

BNP Paribas Arbitrage SA lifted its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 52.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,714 shares of the industrial products company’s stock after buying an additional 5,774 shares during the period. BNP Paribas Arbitrage SA owned about 0.06% of Apogee Enterprises worth $807,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. FDx Advisors Inc. raised its holdings in shares of Apogee Enterprises by 12.5% during the 3rd quarter. FDx Advisors Inc. now owns 9,653 shares of the industrial products company’s stock valued at $466,000 after buying an additional 1,070 shares in the last quarter. Alps Advisors Inc. raised its holdings in shares of Apogee Enterprises by 24.6% during the 3rd quarter. Alps Advisors Inc. now owns 10,451 shares of the industrial products company’s stock valued at $504,000 after buying an additional 2,066 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Apogee Enterprises by 9.7% during the 3rd quarter. Principal Financial Group Inc. now owns 390,569 shares of the industrial products company’s stock valued at $18,849,000 after buying an additional 34,566 shares in the last quarter. AlphaMark Advisors LLC purchased a new position in shares of Apogee Enterprises during the 3rd quarter valued at about $260,000. Finally, American Century Companies Inc. raised its holdings in shares of Apogee Enterprises by 130.4% during the 3rd quarter. American Century Companies Inc. now owns 369,475 shares of the industrial products company’s stock valued at $17,831,000 after buying an additional 209,092 shares in the last quarter. 98.82% of the stock is currently owned by institutional investors.

Apogee Enterprises, Inc. (NASDAQ APOG) opened at $48.66 on Monday. 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, Inc. has a 1 year low of $40.03 and a 1 year high of $61.00. The stock has a market capitalization of $1,393.76, a P/E ratio of 16.50, a P/E/G ratio of 1.44 and a beta of 1.61.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings results on Tuesday, September 19th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.04. Apogee Enterprises had a return on equity of 17.89% and a net margin of 6.57%. The business had revenue of $343.91 million for the quarter, compared to analyst estimates of $349.97 million. During the same period last year, the company earned $0.77 EPS. Apogee Enterprises’s revenue for the quarter was up 23.5% compared to the same quarter last year. analysts predict that Apogee Enterprises, Inc. will post 3.39 earnings per share for the current year.

The business also recently declared 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 annualized dividend and a yield of 1.15%. Apogee Enterprises’s payout ratio is 20.44%.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Apogee Enterprises from a “sell” rating to a “hold” rating in a research report on Tuesday, November 21st. ValuEngine lowered Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, DA Davidson set a $52.00 price target on Apogee Enterprises and gave the stock a “buy” rating in a research report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $63.33.

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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.

Institutional Ownership by Quarter for Apogee Enterprises (NASDAQ:APOG)

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