BNP Paribas Financial Markets Sells 17,364 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

BNP Paribas Financial Markets trimmed its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 44.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,557 shares of the industrial products company’s stock after selling 17,364 shares during the period. BNP Paribas Financial Markets’ holdings in Apogee Enterprises were worth $1,509,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Pacer Advisors Inc. lifted its stake in Apogee Enterprises by 15.5% in the 2nd 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 during the last quarter. American Century Companies Inc. increased its position in Apogee Enterprises by 23.2% during the second quarter. American Century Companies Inc. now owns 528,769 shares of the industrial products company’s stock worth $33,225,000 after acquiring an additional 99,495 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Apogee Enterprises by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 303,220 shares of the industrial products company’s stock worth $19,053,000 after purchasing an additional 3,881 shares during the period. Assenagon Asset Management S.A. raised its holdings in 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 acquiring an additional 67,295 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its stake in Apogee Enterprises by 4.6% in the second quarter. Panagora Asset Management Inc. now owns 136,578 shares of the industrial products company’s stock valued at $8,582,000 after purchasing an additional 5,964 shares in the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

APOG has been the subject of several recent analyst reports. DA Davidson upped their price objective 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 cut shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th.

Apogee Enterprises Price Performance

Shares of NASDAQ APOG opened at $82.97 on Monday. Apogee Enterprises, Inc. has a 1-year low of $47.83 and a 1-year high of $87.93. The firm has a market capitalization of $1.82 billion, a P/E ratio of 17.47 and a beta of 0.99. The firm’s 50-day moving average price is $79.69 and its 200-day moving average price is $69.43. The company has a current ratio of 1.65, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12.

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

Apogee Enterprises Announces Dividend

The company 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 was Tuesday, October 22nd. This represents a $1.00 annualized dividend and a dividend yield of 1.21%. 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).