New York State Teachers Retirement System lowered its stake in shares of Apogee Enterprises Inc. (NASDAQ:APOG) by 0.4% during the second quarter, Holdings Channel reports. The firm owned 72,186 shares of the company’s stock after selling 300 shares during the period. New York State Teachers Retirement System’s holdings in Apogee Enterprises were worth $3,346,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the stock. BlackRock Group LTD increased its position in shares of Apogee Enterprises by 17.3% in the first quarter. BlackRock Group LTD now owns 46,382 shares of the company’s stock valued at $2,035,000 after buying an additional 6,829 shares during the period. State Street Corp increased its position in shares of Apogee Enterprises by 0.9% in the first quarter. State Street Corp now owns 1,015,758 shares of the company’s stock valued at $44,582,000 after buying an additional 9,466 shares during the period. Prudential Financial Inc. increased its position in shares of Apogee Enterprises by 10.3% in the first quarter. Prudential Financial Inc. now owns 88,650 shares of the company’s stock valued at $3,891,000 after buying an additional 8,268 shares during the period. UBS Group AG increased its position in shares of Apogee Enterprises by 208.2% in the first quarter. UBS Group AG now owns 14,453 shares of the company’s stock valued at $635,000 after buying an additional 9,764 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Apogee Enterprises by 2.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 780,643 shares of the company’s stock valued at $34,262,000 after buying an additional 20,743 shares during the period. Hedge funds and other institutional investors own 98.28% of the company’s stock.
Shares of Apogee Enterprises Inc. (NASDAQ:APOG) traded up 1.03% during midday trading on Monday, hitting $45.94. 99,825 shares of the stock were exchanged. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 17.01 and a beta of 1.52. The firm has a 50 day moving average of $46.19 and a 200-day moving average of $45.00. Apogee Enterprises Inc. has a one year low of $33.67 and a one year high of $54.34.
Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings data on Wednesday, September 14th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.10. The business earned $278.50 million during the quarter. Apogee Enterprises had a return on equity of 18.68% and a net margin of 7.65%. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.50 EPS. Equities analysts expect that Apogee Enterprises Inc. will post $2.86 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 9th. Stockholders of record on Tuesday, October 25th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Friday, October 21st. Apogee Enterprises’s payout ratio is presently 18.52%.
Several equities analysts recently weighed in on APOG shares. DA Davidson set a $56.00 price target on shares of Apogee Enterprises and gave the stock a “buy” rating in a report on Tuesday, September 13th. Zacks Investment Research downgraded shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a report on Tuesday, August 23rd. Finally, Goldman Sachs Group Inc. downgraded shares of Apogee Enterprises from a “buy” rating to a “neutral” rating and cut their price target for the stock from $53.00 to $50.00 in a report on Monday, July 11th.
In other news, Director Sara L. Hays sold 2,000 shares of Apogee Enterprises stock in a transaction dated Wednesday, July 13th. The stock was sold at an average price of $47.00, for a total value of $94,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert J. Marzec sold 3,000 shares of Apogee Enterprises stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $48.04, for a total value of $144,120.00. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.
Apogee Enterprises Company Profile
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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