SG Americas Securities LLC Sells 32,565 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

SG Americas Securities LLC cut its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 92.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,603 shares of the industrial products company’s stock after selling 32,565 shares during the period. SG Americas Securities LLC’s holdings in Apogee Enterprises were worth $182,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in APOG. Headlands Technologies LLC lifted its holdings 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 purchasing an additional 593 shares during the last quarter. Quarry LP grew its holdings in Apogee Enterprises by 959.4% in the 2nd quarter. Quarry LP now owns 731 shares of the industrial products company’s stock valued at $46,000 after buying an additional 662 shares in the last quarter. EntryPoint Capital LLC increased 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 buying an additional 222 shares during the period. CWM LLC lifted its holdings in shares of Apogee Enterprises by 290.6% during the second quarter. CWM LLC now owns 957 shares of the industrial products company’s stock worth $60,000 after buying an additional 712 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Apogee Enterprises by 599.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,119 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 959 shares during the period. Institutional investors own 94.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on APOG. DA Davidson raised their price target on shares of Apogee Enterprises from $65.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. StockNews.com raised shares of Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 15th.

Apogee Enterprises Price Performance

Shares of NASDAQ APOG opened at $74.95 on Thursday. The business has a fifty day moving average price of $69.21 and a two-hundred day moving average price of $64.97. The stock has a market capitalization of $1.64 billion, a PE ratio of 15.39 and a beta of 0.98. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.65 and a quick ratio of 1.32. Apogee Enterprises, Inc. has a fifty-two week low of $41.01 and a fifty-two week high of $86.22.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings results on Friday, October 4th. The industrial products company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.21. The business had revenue of $342.40 million during 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%. Apogee Enterprises’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 firm earned $1.36 earnings per share. As a group, equities analysts predict that Apogee Enterprises, Inc. will post 5.06 earnings per share for the current fiscal year.

Apogee Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Tuesday, October 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Tuesday, October 22nd. Apogee Enterprises’s dividend payout ratio (DPR) is presently 20.53%.

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).