Pacer Advisors Inc. Purchases 122,811 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Pacer Advisors Inc. lifted its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 15.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 917,000 shares of the industrial products company’s stock after purchasing an additional 122,811 shares during the quarter. Pacer Advisors Inc.’s holdings in Apogee Enterprises were worth $57,620,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of APOG. Headlands Technologies LLC lifted its stake in Apogee Enterprises by 340.8% in the 1st quarter. Headlands Technologies LLC now owns 767 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 593 shares in the last quarter. EntryPoint Capital LLC lifted its position in shares of Apogee Enterprises by 31.4% in the first quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 222 shares in the last quarter. CWM LLC boosted its holdings in Apogee Enterprises by 290.6% during the second quarter. CWM LLC now owns 957 shares of the industrial products company’s stock worth $60,000 after purchasing an additional 712 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Apogee Enterprises by 599.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,119 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 959 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. acquired a new stake in Apogee Enterprises in the 2nd quarter valued at $75,000. 94.05% of the stock is currently owned by institutional investors.

Apogee Enterprises Price Performance

Shares of NASDAQ APOG opened at $67.50 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.64 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average price is $64.57 and its two-hundred day moving average price is $62.39. The company has a market cap of $1.48 billion, a PE ratio of 13.86 and a beta of 0.98. Apogee Enterprises, Inc. has a twelve month low of $41.01 and a twelve month high of $70.64.

Apogee Enterprises (NASDAQ:APOG) last posted its earnings results on Thursday, June 27th. The industrial products company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.28. Apogee Enterprises had a return on equity of 24.74% and a net margin of 7.72%. The business had revenue of $331.50 million for the quarter, compared to analyst estimates of $333.22 million. During the same period in the previous year, the firm earned $1.05 EPS. The firm’s revenue was down 8.3% compared to the same quarter last year. On average, analysts predict that Apogee Enterprises, Inc. will post 4.86 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on APOG shares. StockNews.com upgraded shares of Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 26th. DA Davidson increased their price target on Apogee Enterprises from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, June 28th.

Insider Buying and Selling at Apogee Enterprises

In other news, insider Brent C. Jewell sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $64.34, for a total transaction of $321,700.00. Following the completion of the sale, the insider now owns 23,405 shares in the company, valued at approximately $1,505,877.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.00% of the company’s stock.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical (LSO).