Apogee Enterprises, Inc. (NASDAQ:APOG) Stock Position Lowered by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. decreased its position in Apogee Enterprises, Inc. (NASDAQ:APOGFree Report) by 45.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 127,483 shares of the industrial products company’s stock after selling 104,743 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.58% of Apogee Enterprises worth $6,002,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of APOG. Lazard Asset Management LLC boosted its position in shares of Apogee Enterprises by 8.1% during the 2nd quarter. Lazard Asset Management LLC now owns 2,727 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 204 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Apogee Enterprises by 20.4% during the second quarter. PNC Financial Services Group Inc. now owns 1,300 shares of the industrial products company’s stock worth $62,000 after buying an additional 220 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in Apogee Enterprises by 4.3% in the first quarter. Mercer Global Advisors Inc. ADV now owns 8,204 shares of the industrial products company’s stock worth $355,000 after buying an additional 336 shares during the last quarter. Point72 Hong Kong Ltd increased its holdings in shares of Apogee Enterprises by 35.1% in the first quarter. Point72 Hong Kong Ltd now owns 1,300 shares of the industrial products company’s stock valued at $62,000 after buying an additional 338 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Apogee Enterprises by 1.3% during the 3rd quarter. Barclays PLC now owns 30,070 shares of the industrial products company’s stock valued at $1,416,000 after acquiring an additional 374 shares during the last quarter. 88.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 14th.

Get Our Latest Stock Report on APOG

Apogee Enterprises Stock Performance

Apogee Enterprises stock opened at $57.26 on Thursday. Apogee Enterprises, Inc. has a fifty-two week low of $36.62 and a fifty-two week high of $57.97. The firm’s 50 day simple moving average is $54.49 and its 200-day simple moving average is $49.89. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.57 and a quick ratio of 1.28. The company has a market cap of $1.26 billion, a P/E ratio of 12.16 and a beta of 1.10.

Apogee Enterprises (NASDAQ:APOGGet Free Report) last posted its quarterly earnings data on Thursday, December 21st. The industrial products company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.13. The firm had revenue of $339.70 million for the quarter, compared to analysts’ expectations of $360.38 million. Apogee Enterprises had a net margin of 7.44% and a return on equity of 23.47%. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.07 EPS. As a group, equities research analysts predict that Apogee Enterprises, Inc. will post 4.61 EPS for the current year.

Apogee Enterprises Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Tuesday, January 30th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, January 29th. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 1.75%. Apogee Enterprises’s dividend payout ratio (DPR) is presently 21.23%.

Apogee Enterprises Company Profile

(Free Report)

Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and installs custom glass and aluminum windows, curtainwalls, storefront, and entrance systems for the exterior of buildings primarily in the commercial, institutional, and multi-family residential construction sectors.

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Institutional Ownership by Quarter for Apogee Enterprises (NASDAQ:APOG)

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