Fmr LLC Purchases 11,627 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Fmr LLC raised its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 12.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,690 shares of the industrial products company’s stock after acquiring an additional 11,627 shares during the quarter. Fmr LLC’s holdings in Apogee Enterprises were worth $7,330,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of APOG. Harvest Fund Management Co. Ltd acquired a new position in shares of Apogee Enterprises during the third quarter worth approximately $58,000. Kingsview Wealth Management LLC bought a new stake in Apogee Enterprises in the 3rd quarter valued at about $2,134,000. Foundry Partners LLC bought a new position in Apogee Enterprises in the 3rd quarter worth approximately $4,182,000. Intech Investment Management LLC lifted its holdings in Apogee Enterprises by 255.5% during the 3rd quarter. Intech Investment Management LLC now owns 32,415 shares of the industrial products company’s stock worth $2,270,000 after purchasing an additional 23,296 shares in the last quarter. Finally, Moran Wealth Management LLC grew its stake in Apogee Enterprises by 0.3% during the third quarter. Moran Wealth Management LLC now owns 98,367 shares of the industrial products company’s stock valued at $6,887,000 after acquiring an additional 304 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Price Performance

APOG opened at $78.54 on Friday. The stock has a market cap of $1.72 billion, a P/E ratio of 16.53 and a beta of 0.99. The company has a quick ratio of 1.32, a current ratio of 1.65 and a debt-to-equity ratio of 0.12. Apogee Enterprises, Inc. has a 52-week low of $48.03 and a 52-week high of $87.93. The business has a fifty day moving average of $80.53 and a 200 day moving average of $69.76.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings results on Friday, October 4th. The industrial products company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.23 by $0.21. The company had revenue of $342.40 million for the quarter, compared to analyst estimates of $335.31 million. Apogee Enterprises had a net margin of 7.58% and a return on equity of 24.12%. The firm’s revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the business earned $1.36 earnings per share. As a group, sell-side analysts anticipate that Apogee Enterprises, Inc. will post 5.06 EPS for the current year.

Apogee Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Tuesday, October 22nd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Tuesday, October 22nd. Apogee Enterprises’s payout ratio is currently 21.05%.

Analyst Ratings Changes

APOG has been the topic of a number of research reports. StockNews.com upgraded Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Monday. DA Davidson upped their price target on shares of Apogee Enterprises from $65.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th.

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).