Dakota Wealth Management Makes New Investment in Apogee Enterprises, Inc. (NASDAQ:APOG)

Dakota Wealth Management purchased a new position in Apogee Enterprises, Inc. (NASDAQ:APOG) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 2,886 shares of the industrial products company’s stock, valued at approximately $202,000.

A number of other large investors have also bought and sold shares of APOG. GAMMA Investing LLC grew its holdings in shares of Apogee Enterprises by 43.2% during the third quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock valued at $38,000 after buying an additional 163 shares during the last quarter. CWM LLC increased its holdings in Apogee Enterprises by 19.9% during the 3rd quarter. CWM LLC now owns 1,147 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 190 shares during the period. Louisiana State Employees Retirement System increased its holdings in Apogee Enterprises by 1.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the industrial products company’s stock worth $697,000 after acquiring an additional 200 shares during the period. EntryPoint Capital LLC increased its holdings 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 during the period. Finally, SummerHaven Investment Management LLC grew its stake in Apogee Enterprises by 1.5% in the 2nd quarter. SummerHaven Investment Management LLC now owns 15,641 shares of the industrial products company’s stock worth $983,000 after buying an additional 231 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Apogee Enterprises Stock Performance

Shares of NASDAQ APOG opened at $75.84 on Wednesday. The firm’s 50-day moving average price is $70.44 and its 200-day moving average price is $65.58. 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 $1.66 billion, a PE ratio of 15.57 and a beta of 0.98. Apogee Enterprises, Inc. has a 52-week low of $41.39 and a 52-week high of $86.22.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Friday, October 4th. The industrial products company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.21. The company had revenue of $342.40 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business earned $1.36 EPS. As a group, analysts anticipate that Apogee Enterprises, Inc. will post 5.06 EPS for the current year.

Apogee Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Tuesday, October 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Tuesday, October 22nd. Apogee Enterprises’s dividend payout ratio is currently 20.53%.

Wall Street Analysts Forecast Growth

APOG has been the subject of a number of research reports. StockNews.com raised shares of Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 15th. 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 report on Tuesday, October 8th.

About Apogee Enterprises

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).