Geode Capital Management LLC Has $37.13 Million Stake in Apogee Enterprises, Inc. (NASDAQ:APOG)

Geode Capital Management LLC grew its stake in Apogee Enterprises, Inc. (NASDAQ:APOG) by 1.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 530,226 shares of the industrial products company’s stock after purchasing an additional 7,382 shares during the quarter. Geode Capital Management LLC’s holdings in Apogee Enterprises were worth $37,131,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Gladius Capital Management LP bought a new position in Apogee Enterprises during the 3rd quarter valued at $33,000. GAMMA Investing LLC lifted its position 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 purchasing an additional 163 shares in the last quarter. Quarry LP grew its position in Apogee Enterprises by 959.4% in the 2nd quarter. Quarry LP now owns 731 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 662 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Apogee Enterprises in the 3rd quarter valued at about $58,000. Finally, CWM LLC lifted its position in shares of 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 buying an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on APOG. DA Davidson increased their price target on Apogee Enterprises from $65.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. StockNews.com downgraded shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 17th.

Apogee Enterprises Trading Up 1.2 %

Shares of Apogee Enterprises stock opened at $72.07 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.65. The stock has a market capitalization of $1.58 billion, a P/E ratio of 15.17 and a beta of 0.99. Apogee Enterprises, Inc. has a 52-week low of $51.15 and a 52-week high of $87.93. The stock’s 50-day simple moving average is $79.66 and its 200 day simple moving average is $70.37.

Apogee Enterprises (NASDAQ:APOG) last issued its earnings results 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 business had revenue of $342.40 million for the quarter, compared to analysts’ expectations of $335.31 million. During the same quarter in the previous year, the firm posted $1.36 EPS. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, research analysts anticipate that Apogee Enterprises, Inc. will post 5.06 EPS for the current year.

Apogee Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Tuesday, October 22nd were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.00 annualized dividend and a yield of 1.39%. Apogee Enterprises’s dividend payout ratio is currently 21.05%.

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).