Los Angeles Capital Management LLC Acquires 439 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Los Angeles Capital Management LLC raised its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,078 shares of the industrial products company’s stock after purchasing an additional 439 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Apogee Enterprises were worth $2,246,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Pacer Advisors Inc. grew its position in Apogee Enterprises by 15.5% in the second quarter. Pacer Advisors Inc. now owns 917,000 shares of the industrial products company’s stock valued at $57,620,000 after purchasing an additional 122,811 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Apogee Enterprises by 23.2% during the 2nd quarter. American Century Companies Inc. now owns 528,769 shares of the industrial products company’s stock worth $33,225,000 after purchasing an additional 99,495 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Apogee Enterprises by 70.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 162,379 shares of the industrial products company’s stock valued at $11,369,000 after buying an additional 67,295 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Apogee Enterprises by 1,004.1% in the second quarter. Renaissance Technologies LLC now owns 72,683 shares of the industrial products company’s stock valued at $4,567,000 after buying an additional 66,100 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Apogee Enterprises during the second quarter worth $3,547,000. 94.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented 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 lifted their price target on Apogee Enterprises from $65.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th.

Apogee Enterprises Stock Performance

NASDAQ APOG opened at $84.78 on Thursday. Apogee Enterprises, Inc. has a 52-week low of $44.46 and a 52-week high of $87.93. 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 cap of $1.86 billion, a PE ratio of 17.85 and a beta of 0.97. The firm has a 50-day moving average of $73.87 and a 200-day moving average of $67.24.

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

Apogee Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Tuesday, October 22nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Tuesday, October 22nd. Apogee Enterprises’s dividend payout ratio (DPR) is presently 21.05%.

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).