State Street Corp Sells 1,446 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

State Street Corp reduced its stake in Apogee Enterprises, Inc. (NASDAQ:APOG) by 0.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 862,224 shares of the industrial products company’s stock after selling 1,446 shares during the period. State Street Corp’s holdings in Apogee Enterprises were worth $60,369,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. raised its stake in Apogee Enterprises by 15.5% during the 2nd quarter. Pacer Advisors Inc. now owns 917,000 shares of the industrial products company’s stock worth $57,620,000 after buying an additional 122,811 shares during the period. American Century Companies Inc. raised its position in shares of Apogee Enterprises by 23.2% during the second quarter. American Century Companies Inc. now owns 528,769 shares of the industrial products company’s stock worth $33,225,000 after purchasing an additional 99,495 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Apogee Enterprises during the third quarter worth approximately $6,845,000. Assenagon Asset Management S.A. lifted its holdings in shares of Apogee Enterprises by 70.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 162,379 shares of the industrial products company’s stock worth $11,369,000 after purchasing an additional 67,295 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Apogee Enterprises by 1,004.1% in the 2nd quarter. Renaissance Technologies LLC now owns 72,683 shares of the industrial products company’s stock valued at $4,567,000 after purchasing an additional 66,100 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on APOG. 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. StockNews.com downgraded Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Tuesday.

Apogee Enterprises Trading Down 3.9 %

Shares of Apogee Enterprises stock opened at $71.89 on Thursday. The company has a market capitalization of $1.58 billion, a P/E ratio of 15.13 and a beta of 0.99. The stock has a fifty day simple moving average of $80.20 and a 200 day simple moving average of $70.06. Apogee Enterprises, Inc. has a 12-month low of $50.78 and a 12-month high of $87.93. The company has a current ratio of 1.65, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12.

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

Apogee Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Tuesday, October 22nd were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.39%. Apogee Enterprises’s dividend payout ratio (DPR) is currently 21.05%.

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).