Assenagon Asset Management S.A. Has $11.37 Million Stock Holdings in Apogee Enterprises, Inc. (NASDAQ:APOG)

Assenagon Asset Management S.A. raised its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 70.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 162,379 shares of the industrial products company’s stock after buying an additional 67,295 shares during the period. Assenagon Asset Management S.A.’s holdings in Apogee Enterprises were worth $11,369,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. International Assets Investment Management LLC bought a new position in Apogee Enterprises in the third quarter valued at $38,740,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Apogee Enterprises by 64.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 73,733 shares of the industrial products company’s stock valued at $5,162,000 after acquiring an additional 28,845 shares in the last quarter. Wedge Capital Management L L P NC increased its position in shares of Apogee Enterprises by 31.2% in the third quarter. Wedge Capital Management L L P NC now owns 17,894 shares of the industrial products company’s stock valued at $1,253,000 after acquiring an additional 4,256 shares during the last quarter. Ritholtz Wealth Management raised its holdings in Apogee Enterprises by 121.7% during the third quarter. Ritholtz Wealth Management now owns 13,076 shares of the industrial products company’s stock worth $916,000 after acquiring an additional 7,178 shares in the last quarter. Finally, CWM LLC boosted its position in Apogee Enterprises by 19.9% during the third quarter. CWM LLC now owns 1,147 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 190 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Apogee Enterprises Price Performance

NASDAQ:APOG opened at $74.94 on Monday. Apogee Enterprises, Inc. has a 12-month low of $41.01 and a 12-month high of $86.22. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 15.39 and a beta of 0.98. The stock’s 50 day moving average price is $69.92 and its two-hundred day moving average price is $65.32. The company has a quick ratio of 1.32, a current ratio of 1.65 and a debt-to-equity ratio of 0.12.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings results on Friday, October 4th. The industrial products company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.21. Apogee Enterprises had a return on equity of 24.12% and a net margin of 7.58%. 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 prior year, the business earned $1.36 EPS. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, analysts anticipate that Apogee Enterprises, Inc. will post 5.06 earnings per share for the current year.

Apogee Enterprises Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.33%. Apogee Enterprises’s dividend payout ratio (DPR) is currently 20.53%.

Analysts Set New Price Targets

Several research analysts have weighed in on APOG shares. DA Davidson boosted their price target on Apogee Enterprises from $65.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. StockNews.com raised shares of Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 15th.

Apogee Enterprises 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).