BNP Paribas Arbitrage SA reduced its position in Apogee Enterprises Inc. (NASDAQ:APOG) by 51.4% during the third quarter, Holdings Channel reports. The institutional investor owned 4,361 shares of the company’s stock after selling 4,612 shares during the period. BNP Paribas Arbitrage SA’s holdings in Apogee Enterprises were worth $195,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Glenmede Trust Co. NA increased its position in shares of Apogee Enterprises by 5,315.1% in the second quarter. Glenmede Trust Co. NA now owns 648,788 shares of the company’s stock worth $30,070,000 after buying an additional 636,807 shares in the last quarter. Royce & Associates LP bought a new position in shares of Apogee Enterprises during the second quarter worth $28,262,000. American Century Companies Inc. increased its position in shares of Apogee Enterprises by 107.4% in the second quarter. American Century Companies Inc. now owns 599,221 shares of the company’s stock worth $27,774,000 after buying an additional 310,303 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in shares of Apogee Enterprises during the second quarter worth $12,108,000. Finally, Victory Capital Management Inc. increased its position in shares of Apogee Enterprises by 74.1% in the second quarter. Victory Capital Management Inc. now owns 325,802 shares of the company’s stock worth $15,101,000 after buying an additional 138,680 shares in the last quarter. 98.28% of the stock is owned by institutional investors.
Shares of Apogee Enterprises Inc. (NASDAQ:APOG) opened at 45.51 on Thursday. Apogee Enterprises Inc. has a 1-year low of $33.67 and a 1-year high of $54.34. The company has a market capitalization of $1.31 billion, a P/E ratio of 16.85 and a beta of 1.52. The company’s 50 day moving average is $46.26 and its 200-day moving average is $44.98.
Apogee Enterprises (NASDAQ:APOG) last posted its earnings results on Wednesday, September 14th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.67 by $0.10. Apogee Enterprises had a net margin of 7.65% and a return on equity of 18.68%. The business had revenue of $278.50 million for the quarter. During the same quarter in the prior year, the business earned $0.50 earnings per share. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. On average, equities research analysts forecast that Apogee Enterprises Inc. will post $2.86 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 9th. Investors of record on Tuesday, October 25th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.10%. Apogee Enterprises’s dividend payout ratio is presently 18.52%.
APOG has been the subject of a number of research analyst reports. DA Davidson set a $56.00 target price on shares of Apogee Enterprises and gave the stock a “buy” rating in a research note on Tuesday, September 13th. Zacks Investment Research downgraded shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a research note on Tuesday, August 23rd. Finally, Goldman Sachs Group Inc. downgraded shares of Apogee Enterprises from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $53.00 to $50.00 in a research note on Monday, July 11th.
In other Apogee Enterprises news, Director Robert J. Marzec sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of $48.04, for a total transaction of $144,120.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joseph F. Puishys sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $46.53, for a total transaction of $1,163,250.00. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.
About Apogee Enterprises
Apogee Enterprises, Inc is engaged in the design and development of glass solutions for enclosing commercial buildings and framing art. The Company operates through four segments: Architectural Glass, Architectural Services, Architectural Framing Systems and Large-Scale Optical Technologies (LSO). The Architectural Glass segment fabricates coated glass used in customized window and wall systems.
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