Apogee Enterprises, Inc. (NASDAQ:APOG) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,046 shares of the industrial products company’s stock after selling 264 shares during the period. The Manufacturers Life Insurance Company’s holdings in Apogee Enterprises were worth $773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in Apogee Enterprises by 43.2% during the 3rd quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 163 shares during the period. CWM LLC raised its holdings in Apogee Enterprises by 19.9% in the 3rd quarter. CWM LLC now owns 1,147 shares of the industrial products company’s stock valued at $80,000 after acquiring an additional 190 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in Apogee Enterprises by 1.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the industrial products company’s stock valued at $697,000 after acquiring an additional 200 shares during the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of Apogee Enterprises by 1.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 15,641 shares of the industrial products company’s stock worth $983,000 after buying an additional 231 shares during the last quarter. Finally, Diversified Trust Co increased its holdings in shares of Apogee Enterprises by 3.6% during the 3rd quarter. Diversified Trust Co now owns 6,943 shares of the industrial products company’s stock worth $486,000 after buying an additional 243 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Apogee Enterprises Stock Performance

NASDAQ APOG opened at $76.80 on Friday. 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 $50.03 and a 1 year high of $87.93. The company has a market capitalization of $1.68 billion, a PE ratio of 16.17 and a beta of 0.99. The company has a fifty day moving average of $80.39 and a two-hundred day moving average of $69.83.

Apogee Enterprises (NASDAQ:APOG) last announced its 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 analysts’ expectations of $335.31 million. Apogee Enterprises had a net margin of 7.58% and a return on equity of 24.12%. The business’s revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.36 earnings per share. As a group, analysts expect that Apogee Enterprises, Inc. will post 5.06 earnings per share for the current year.

Apogee Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Tuesday, October 22nd were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.00 annualized dividend and a yield of 1.30%. Apogee Enterprises’s dividend payout ratio is currently 21.05%.

Analyst Ratings Changes

APOG has been the subject of several research reports. DA Davidson lifted their target price on shares of Apogee Enterprises from $65.00 to $75.00 and gave the company a “neutral” rating in a 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 Monday, December 9th.

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).