Apogee Enterprises, Inc. (NASDAQ:APOG) Shares Sold by Point72 DIFC Ltd

Point72 DIFC Ltd reduced its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 11.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,690 shares of the industrial products company’s stock after selling 219 shares during the period. Point72 DIFC Ltd’s holdings in Apogee Enterprises were worth $106,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC lifted its position in Apogee Enterprises by 340.8% during the 1st quarter. Headlands Technologies LLC now owns 767 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 593 shares in the last quarter. EntryPoint Capital LLC lifted its position in Apogee Enterprises by 31.4% during the 1st quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 222 shares in the last quarter. CWM LLC lifted its position in Apogee Enterprises by 290.6% during the 2nd quarter. CWM LLC now owns 957 shares of the industrial products company’s stock worth $60,000 after acquiring an additional 712 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Apogee Enterprises by 599.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,119 shares of the industrial products company’s stock worth $66,000 after acquiring an additional 959 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. acquired a new position in Apogee Enterprises during the 2nd quarter worth approximately $75,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Apogee Enterprises Price Performance

APOG stock opened at $69.81 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. Apogee Enterprises, Inc. has a 52-week low of $41.01 and a 52-week high of $71.49. The stock’s 50 day moving average is $65.07 and its two-hundred day moving average is $62.76. The company has a market capitalization of $1.53 billion, a PE ratio of 14.33 and a beta of 0.98.

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. DA Davidson boosted their price target on Apogee Enterprises from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, June 28th. StockNews.com upgraded Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a report on Friday, July 26th.

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).