Apogee Enterprises, Inc. (NASDAQ:APOG) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. cut its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,695 shares of the industrial products company’s stock after selling 157 shares during the quarter. Franklin Resources Inc.’s holdings in Apogee Enterprises were worth $2,289,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of Apogee Enterprises by 1.4% in the third quarter. Geode Capital Management LLC now owns 530,226 shares of the industrial products company’s stock valued at $37,131,000 after purchasing an additional 7,382 shares during the period. Barclays PLC grew its holdings in Apogee Enterprises by 77.8% in the 3rd quarter. Barclays PLC now owns 63,769 shares of the industrial products company’s stock worth $4,466,000 after buying an additional 27,904 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Apogee Enterprises in the 3rd quarter valued at approximately $275,000. Millburn Ridgefield Corp bought a new stake in Apogee Enterprises during the 3rd quarter valued at $131,000. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in Apogee Enterprises during the 3rd quarter worth $6,845,000. Institutional investors own 94.05% of the company’s stock.

Wall Street Analyst Weigh In

APOG has been the topic of several research analyst reports. StockNews.com cut shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 17th. DA Davidson raised their price objective on shares of Apogee Enterprises from $65.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th.

Apogee Enterprises Price Performance

Shares of NASDAQ:APOG opened at $73.15 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.65. The company has a market capitalization of $1.61 billion, a PE ratio of 15.40 and a beta of 0.99. The stock has a fifty day moving average of $79.39 and a 200-day moving average of $70.40. Apogee Enterprises, Inc. has a one year low of $51.15 and a one year high of $87.93.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data on Friday, October 4th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.21. The firm 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 business’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.36 EPS. As a group, equities analysts anticipate that Apogee Enterprises, Inc. will post 5.06 EPS for the current fiscal year.

Apogee Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Tuesday, October 22nd were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Tuesday, October 22nd. Apogee Enterprises’s dividend payout ratio (DPR) is 21.05%.

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).