2,944 Shares in Apogee Enterprises, Inc. (NASDAQ:APOG) Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB acquired a new stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,944 shares of the industrial products company’s stock, valued at approximately $206,000.

A number of other institutional investors have also recently added to or reduced their stakes in APOG. Headlands Technologies LLC increased its position in shares of Apogee Enterprises by 340.8% in 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 in the last quarter. Quarry LP raised 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 acquiring an additional 662 shares in the last quarter. EntryPoint Capital LLC lifted its position in shares of Apogee Enterprises by 31.4% during the first quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 222 shares during the last quarter. CWM LLC lifted its holdings in 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 buying an additional 712 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Apogee Enterprises by 599.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,119 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 959 shares during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on APOG. DA Davidson lifted their target price 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.

Apogee Enterprises Stock Up 1.4 %

NASDAQ APOG opened at $79.30 on Tuesday. The company has a market capitalization of $1.74 billion, a P/E ratio of 16.28 and a beta of 0.98. Apogee Enterprises, Inc. has a 12 month low of $41.01 and a 12 month high of $86.22. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.65 and a quick ratio of 1.32. The company’s 50 day simple moving average is $67.21 and its 200 day simple moving average is $64.15.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Friday, October 4th. The industrial products company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.21. The firm had revenue of $342.40 million for the quarter, compared to analysts’ expectations of $335.31 million. Apogee Enterprises had a return on equity of 24.12% and a net margin of 7.58%. Apogee Enterprises’s revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the business posted $1.36 EPS. Equities research analysts expect that Apogee Enterprises, Inc. will post 5.06 earnings per share for the current fiscal year.

Apogee Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Tuesday, October 22nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Tuesday, October 22nd. Apogee Enterprises’s dividend payout ratio is currently 20.53%.

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).