Intech Investment Management LLC Makes New $573,000 Investment in Apogee Enterprises, Inc. (NASDAQ:APOG)

Intech Investment Management LLC purchased a new stake in Apogee Enterprises, Inc. (NASDAQ:APOG) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 9,119 shares of the industrial products company’s stock, valued at approximately $573,000.

A number of other institutional investors have also recently modified their holdings of APOG. SG Americas Securities LLC acquired a new stake in Apogee Enterprises in the first quarter valued at $747,000. Hsbc Holdings PLC purchased a new position in shares of Apogee Enterprises in the 4th quarter valued at about $992,000. Acadian Asset Management LLC acquired a new stake in shares of Apogee Enterprises in the second quarter valued at about $3,547,000. Vanguard Group Inc. boosted its holdings in Apogee Enterprises by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 3,097,343 shares of the industrial products company’s stock worth $165,429,000 after buying an additional 53,484 shares in the last quarter. Finally, Quest Partners LLC grew its position in Apogee Enterprises by 115,311.1% during the second quarter. Quest Partners LLC now owns 10,387 shares of the industrial products company’s stock worth $653,000 after buying an additional 10,378 shares during the period. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Apogee Enterprises Price Performance

Apogee Enterprises stock opened at $69.67 on Friday. The firm has a market capitalization of $1.53 billion, a PE ratio of 14.31 and a beta of 0.98. Apogee Enterprises, Inc. has a 52 week low of $41.01 and a 52 week high of $70.64. The firm’s 50-day simple moving average is $64.91 and its 200 day simple moving average is $62.67. The company has a quick ratio of 1.29, a current ratio of 1.64 and a debt-to-equity ratio of 0.16.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on APOG. StockNews.com upgraded shares of Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 26th. DA Davidson lifted their price objective on Apogee Enterprises from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, June 28th.

Insider Activity at Apogee Enterprises

In other Apogee Enterprises news, insider Brent C. Jewell sold 5,000 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $64.34, for a total transaction of $321,700.00. Following the completion of the transaction, the insider now owns 23,405 shares of the company’s stock, valued at $1,505,877.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is owned by corporate insiders.

Apogee Enterprises 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).