Optimum Investment Advisors decreased its position in Apogee Enterprises Inc (NASDAQ:APOG) by 7.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,135 shares of the industrial products company’s stock after selling 350 shares during the period. Optimum Investment Advisors’ holdings in Apogee Enterprises were worth $123,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in APOG. Millennium Management LLC bought a new stake in shares of Apogee Enterprises during the second quarter worth $523,000. California Public Employees Retirement System grew its stake in shares of Apogee Enterprises by 61.8% during the second quarter. California Public Employees Retirement System now owns 58,867 shares of the industrial products company’s stock worth $2,836,000 after buying an additional 22,484 shares during the last quarter. Northern Trust Corp grew its stake in shares of Apogee Enterprises by 0.3% during the second quarter. Northern Trust Corp now owns 426,519 shares of the industrial products company’s stock worth $20,545,000 after buying an additional 1,380 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Apogee Enterprises by 748.9% during the third quarter. Bank of Montreal Can now owns 43,617 shares of the industrial products company’s stock worth $1,802,000 after buying an additional 38,479 shares during the last quarter. Finally, Skylands Capital LLC grew its stake in shares of Apogee Enterprises by 19.3% during the third quarter. Skylands Capital LLC now owns 257,475 shares of the industrial products company’s stock worth $10,639,000 after buying an additional 41,650 shares during the last quarter. Institutional investors and hedge funds own 99.47% of the company’s stock.
In related news, CFO James S. Porter acquired 2,000 shares of the company’s stock in a transaction dated Monday, December 24th. The shares were purchased at an average price of $28.10 per share, for a total transaction of $56,200.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joseph F. Puishys acquired 10,000 shares of the company’s stock in a transaction dated Monday, December 24th. The shares were bought at an average price of $26.97 per share, for a total transaction of $269,700.00. The disclosure for this purchase can be found here. 2.90% of the stock is owned by insiders.
Several brokerages recently weighed in on APOG. ValuEngine raised shares of Apogee Enterprises from a “strong sell” rating to a “sell” rating in a research note on Wednesday, November 7th. Zacks Investment Research raised shares of Apogee Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday, November 14th. BidaskClub raised shares of Apogee Enterprises from a “strong sell” rating to a “sell” rating in a research note on Friday, November 2nd. Finally, Craig Hallum set a $48.00 price objective on shares of Apogee Enterprises and gave the stock a “buy” rating in a research note on Friday, December 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $48.50.
APOG stock opened at $35.10 on Tuesday. The firm has a market capitalization of $953.88 million, a P/E ratio of 11.32, a PEG ratio of 1.10 and a beta of 1.58. The company has a current ratio of 1.75, a quick ratio of 1.38 and a debt-to-equity ratio of 0.44. Apogee Enterprises Inc has a 12-month low of $26.38 and a 12-month high of $50.87.
Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Thursday, December 20th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.02. The business had revenue of $357.70 million for the quarter, compared to analyst estimates of $362.40 million. Apogee Enterprises had a net margin of 5.68% and a return on equity of 16.19%. Apogee Enterprises’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 earnings per share. Equities analysts anticipate that Apogee Enterprises Inc will post 3.13 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 20th. Investors of record on Tuesday, February 5th will be issued a $0.175 dividend. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Monday, February 4th. This represents a $0.70 annualized dividend and a yield of 1.99%. Apogee Enterprises’s payout ratio is presently 22.58%.
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Apogee Enterprises Profile
Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. It operates through four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass window, curtainwall, storefront, and entrance systems comprising the outside skin and entrances of commercial, institutional, and multi-family residential buildings.
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