Barclays PLC Acquires 27,904 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Barclays PLC boosted its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 77.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,769 shares of the industrial products company’s stock after acquiring an additional 27,904 shares during the quarter. Barclays PLC’s holdings in Apogee Enterprises were worth $4,466,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of Apogee Enterprises by 43.2% in 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 boosted its stake in Apogee Enterprises by 19.9% during the third quarter. CWM LLC now owns 1,147 shares of the industrial products company’s stock worth $80,000 after buying an additional 190 shares during the period. Louisiana State Employees Retirement System boosted its stake in Apogee Enterprises by 1.8% during the second quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the industrial products company’s stock worth $697,000 after buying an additional 200 shares during the period. Diversified Trust Co increased its position in Apogee Enterprises by 3.6% during the third quarter. Diversified Trust Co now owns 6,943 shares of the industrial products company’s stock valued at $486,000 after acquiring an additional 243 shares during the last quarter. Finally, Moran Wealth Management LLC raised its stake in shares of Apogee Enterprises by 0.3% in the third quarter. Moran Wealth Management LLC now owns 98,367 shares of the industrial products company’s stock valued at $6,887,000 after acquiring an additional 304 shares during the period. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Apogee Enterprises Stock Performance

APOG stock opened at $71.28 on Friday. Apogee Enterprises, Inc. has a twelve month low of $50.78 and a twelve month high of $87.93. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 15.01 and a beta of 0.99. The business’s fifty day simple moving average is $79.96 and its two-hundred day simple moving average is $70.12. 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 EPS for the quarter, topping the consensus estimate of $1.23 by $0.21. The company had revenue of $342.40 million for the quarter, compared to the consensus estimate of $335.31 million. Apogee Enterprises had a net margin of 7.58% and a return on equity of 24.12%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.36 EPS. Analysts predict that Apogee Enterprises, Inc. will post 5.06 earnings per share for the current year.

Apogee Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors 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 yield of 1.40%. Apogee Enterprises’s dividend payout ratio (DPR) is currently 21.05%.

Analyst Upgrades and Downgrades

APOG has been the subject of a number of recent analyst reports. DA Davidson lifted their price target on shares of Apogee Enterprises from $65.00 to $75.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. StockNews.com lowered Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 17th.

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).