UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stock Holdings in Apogee Enterprises, Inc. (NASDAQ:APOG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG) by 5.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 40,423 shares of the industrial products company’s stock after selling 2,113 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Apogee Enterprises were worth $2,830,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of APOG. FMR LLC boosted its position in shares of Apogee Enterprises by 12.5% during the third quarter. FMR LLC now owns 104,690 shares of the industrial products company’s stock worth $7,330,000 after acquiring an additional 11,627 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Apogee Enterprises in the 3rd quarter worth $58,000. Kingsview Wealth Management LLC purchased a new stake in Apogee Enterprises in the 3rd quarter worth $2,134,000. Foundry Partners LLC bought a new position in shares of Apogee Enterprises during the 3rd quarter valued at about $4,182,000. Finally, Intech Investment Management LLC increased its holdings in shares of Apogee Enterprises by 255.5% in the third 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 during the last quarter. 94.05% of the stock is owned by institutional investors.

Apogee Enterprises Stock Performance

Apogee Enterprises stock opened at $76.80 on Friday. The company’s 50-day moving average price is $80.39 and its 200-day moving average price is $69.83. The company has a quick ratio of 1.32, a current ratio of 1.65 and a debt-to-equity ratio of 0.12. The company has a market cap of $1.68 billion, a PE ratio of 16.17 and a beta of 0.99. Apogee Enterprises, Inc. has a twelve month low of $50.03 and a twelve month high of $87.93.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Friday, October 4th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.21. The business had revenue of $342.40 million for the quarter, compared to the consensus estimate of $335.31 million. Apogee Enterprises had a return on equity of 24.12% and a net margin of 7.58%. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.36 earnings per share. On average, equities research analysts forecast that Apogee Enterprises, Inc. will post 5.06 EPS for the current fiscal year.

Apogee Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders 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 1.30%. The ex-dividend date was Tuesday, October 22nd. Apogee Enterprises’s payout ratio is 21.05%.

Analyst Upgrades and Downgrades

APOG has been the subject of a number of research reports. DA Davidson increased their price target on Apogee Enterprises from $65.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. StockNews.com upgraded Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 9th.

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).