Farther Finance Advisors LLC Acquires 1,301 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Farther Finance Advisors LLC lifted its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 2,602.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,351 shares of the industrial products company’s stock after buying an additional 1,301 shares during the quarter. Farther Finance Advisors LLC’s holdings in Apogee Enterprises were worth $95,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in APOG. Allspring Global Investments Holdings LLC boosted its stake 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 worth $66,000 after acquiring an additional 959 shares during the last quarter. Texas Permanent School Fund Corp increased its holdings in shares of Apogee Enterprises by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 19,329 shares of the industrial products company’s stock worth $1,144,000 after buying an additional 261 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Apogee Enterprises in the 1st quarter worth about $747,000. Illinois Municipal Retirement Fund grew its holdings in Apogee Enterprises by 5.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 12,741 shares of the industrial products company’s stock valued at $754,000 after purchasing an additional 641 shares during the last quarter. Finally, Headlands Technologies LLC grew its holdings in Apogee Enterprises by 340.8% during the 1st quarter. Headlands Technologies LLC now owns 767 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 593 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Wall Street Analyst Weigh In

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

Apogee Enterprises Price Performance

Apogee Enterprises stock opened at $87.22 on Tuesday. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 18.36 and a beta of 0.97. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.65 and a quick ratio of 1.32. Apogee Enterprises, Inc. has a 1 year low of $44.04 and a 1 year high of $87.93. The firm has a 50-day moving average of $73.02 and a two-hundred day moving average of $66.95.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings data on Friday, October 4th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.21. Apogee Enterprises had a net margin of 7.58% and a return on equity of 24.12%. The company had revenue of $342.40 million during the quarter, compared to analysts’ expectations of $335.31 million. During the same period in the previous year, the company earned $1.36 EPS. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. On average, research analysts forecast that Apogee Enterprises, Inc. will post 5.06 earnings per share for the current year.

Apogee Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Tuesday, October 22nd were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.00 annualized dividend and a dividend yield of 1.15%. Apogee Enterprises’s payout ratio is presently 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).