Apogee Enterprises, Inc. (NASDAQ:APOG) Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board raised its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 7.4% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 48,642 shares of the industrial products company’s stock after buying an additional 3,371 shares during the period. Public Sector Pension Investment Board owned about 0.22% of Apogee Enterprises worth $3,056,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of APOG. Headlands Technologies LLC grew its holdings in Apogee Enterprises by 340.8% during the first quarter. Headlands Technologies LLC now owns 767 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 593 shares during the period. EntryPoint Capital LLC boosted its position in Apogee Enterprises by 31.4% in the 1st quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 222 shares in the last quarter. CWM LLC grew its stake in shares of Apogee Enterprises by 290.6% during the 2nd quarter. CWM LLC now owns 957 shares of the industrial products company’s stock worth $60,000 after purchasing an additional 712 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Apogee Enterprises by 599.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,119 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 959 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. acquired a new position in shares of Apogee Enterprises in the 2nd quarter valued at $75,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

APOG has been the topic of several analyst reports. DA Davidson raised their price target on shares of Apogee Enterprises from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, June 28th. StockNews.com upgraded Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 26th.

Apogee Enterprises Stock Up 0.2 %

Apogee Enterprises stock opened at $69.81 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.29. The stock has a market capitalization of $1.53 billion, a PE ratio of 14.33 and a beta of 0.98. The business has a 50 day simple moving average of $65.07 and a 200-day simple moving average of $62.80. Apogee Enterprises, Inc. has a 12 month low of $41.01 and a 12 month high of $71.49.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings results on Thursday, June 27th. The industrial products company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.28. Apogee Enterprises had a net margin of 7.72% and a return on equity of 24.74%. The firm had revenue of $331.50 million during the quarter, compared to the consensus estimate of $333.22 million. During the same quarter in the prior year, the firm earned $1.05 EPS. The company’s revenue for the quarter was down 8.3% on a year-over-year basis. On average, analysts anticipate that Apogee Enterprises, Inc. will post 4.86 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Brent C. Jewell sold 5,000 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $64.34, for a total value of $321,700.00. Following the completion of the sale, the insider now owns 23,405 shares of the company’s stock, valued at $1,505,877.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is currently owned by corporate insiders.

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).