International Assets Investment Management LLC Takes Position in Apogee Enterprises, Inc. (NASDAQ:APOG)

International Assets Investment Management LLC acquired a new position in Apogee Enterprises, Inc. (NASDAQ:APOG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 55,331 shares of the industrial products company’s stock, valued at approximately $38,740,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in shares of Apogee Enterprises by 43.2% in the 3rd quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 163 shares during the last quarter. Headlands Technologies LLC lifted its holdings in Apogee Enterprises by 340.8% in the first quarter. Headlands Technologies LLC now owns 767 shares of the industrial products company’s stock valued at $45,000 after buying an additional 593 shares during the period. Quarry LP lifted its holdings in Apogee Enterprises by 959.4% in the second quarter. Quarry LP now owns 731 shares of the industrial products company’s stock valued at $46,000 after buying an additional 662 shares during the period. EntryPoint Capital LLC boosted its position in Apogee Enterprises by 31.4% during the first quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 222 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of Apogee Enterprises by 290.6% in the 2nd quarter. CWM LLC now owns 957 shares of the industrial products company’s stock valued at $60,000 after purchasing an additional 712 shares during the period. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on APOG. DA Davidson boosted their price target on 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 raised shares of Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 15th.

Apogee Enterprises Stock Up 2.3 %

APOG stock opened at $76.69 on Tuesday. The stock’s 50 day simple moving average is $70.18 and its 200 day simple moving average is $65.45. The company has a market cap of $1.68 billion, a P/E ratio of 15.75 and a beta of 0.98. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.65. Apogee Enterprises, Inc. has a fifty-two week low of $41.39 and a fifty-two week high of $86.22.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Friday, October 4th. The industrial products company reported $1.44 earnings per share (EPS) 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 firm had revenue of $342.40 million during the quarter, compared to analysts’ expectations of $335.31 million. During the same period last year, the company earned $1.36 earnings per share. The business’s revenue was down 3.2% on a year-over-year basis. On average, research analysts expect that Apogee Enterprises, Inc. will post 5.06 earnings per share for the current fiscal year.

Apogee Enterprises Announces Dividend

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 issued a $0.25 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.30%. Apogee Enterprises’s dividend payout ratio is presently 20.53%.

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).