Neumeier Poma Investment Counsel LLC cut its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 37.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 239,175 shares of the company’s stock after selling 141,575 shares during the period. Neumeier Poma Investment Counsel LLC owned approximately 0.83% of Apogee Enterprises worth $12,810,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Victory Capital Management Inc. boosted its stake in shares of Apogee Enterprises by 258.2% in the third quarter. Victory Capital Management Inc. now owns 1,166,995 shares of the company’s stock worth $52,153,000 after buying an additional 841,193 shares in the last quarter. Peregrine Capital Management LLC purchased a new position in Apogee Enterprises during the third quarter worth $27,174,000. Russell Investments Group Ltd. purchased a new position in Apogee Enterprises during the fourth quarter worth $13,668,000. FMR LLC raised its position in Apogee Enterprises by 795.6% in the fourth quarter. FMR LLC now owns 269,210 shares of the company’s stock worth $14,419,000 after buying an additional 239,150 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in Apogee Enterprises by 26.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,026,148 shares of the company’s stock worth $45,859,000 after buying an additional 214,182 shares in the last quarter.
Shares of Apogee Enterprises, Inc. (NASDAQ:APOG) traded up 1.18% on Monday, hitting $59.10. 192,591 shares of the stock were exchanged. Apogee Enterprises, Inc. has a one year low of $35.34 and a one year high of $59.69. The firm has a market capitalization of $1.69 billion, a PE ratio of 20.72 and a beta of 1.40. The company has a 50-day moving average price of $56.28 and a 200-day moving average price of $48.58.
Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings results on Wednesday, December 14th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. The company had revenue of $274.07 million for the quarter. Apogee Enterprises had a net margin of 7.77% and a return on equity of 19.12%. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period last year, the firm posted $0.63 earnings per share. Equities research analysts expect that Apogee Enterprises, Inc. will post $2.89 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Tuesday, January 31st will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, January 27th. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a dividend yield of 0.95%. Apogee Enterprises’s payout ratio is 19.65%.
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A number of research analysts have weighed in on the stock. Craig Hallum assumed coverage on shares of Apogee Enterprises in a research report on Thursday, January 19th. They set a “buy” rating and a $68.00 target price for the company. Zacks Investment Research raised shares of Apogee Enterprises from a “hold” rating to a “strong-buy” rating and set a $58.00 target price for the company in a research report on Tuesday, December 20th.
In related news, Director Bernard P. Aldrich sold 10,000 shares of Apogee Enterprises stock in a transaction that occurred on Thursday, January 5th. The shares were sold at an average price of $54.81, for a total transaction of $548,100.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Treasurer Gary Robert Johnson sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 31st. The stock was sold at an average price of $56.97, for a total transaction of $227,880.00. The disclosure for this sale can be found here. Insiders have sold a total of 53,094 shares of company stock worth $2,975,485 over the last ninety days. 3.70% of the stock is currently owned by insiders.
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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