Investec Asset Management PTY Ltd Holds Position in Apogee Enterprises Inc (APOG)

Investec Asset Management PTY Ltd held its stake in shares of Apogee Enterprises Inc (NASDAQ:APOG) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,650 shares of the industrial products company’s stock at the end of the first quarter. Investec Asset Management PTY Ltd’s holdings in Apogee Enterprises were worth $812,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in shares of Apogee Enterprises during the third quarter worth $257,000. SG Capital Management LLC acquired a new stake in shares of Apogee Enterprises during the third quarter worth $1,228,000. Mairs & Power INC increased its stake in shares of Apogee Enterprises by 20.6% in the third quarter. Mairs & Power INC now owns 225,700 shares of the industrial products company’s stock worth $10,087,000 after buying an additional 38,600 shares in the last quarter. Picton Mahoney Asset Management increased its stake in shares of Apogee Enterprises by 21.4% in the third quarter. Picton Mahoney Asset Management now owns 72,500 shares of the industrial products company’s stock worth $3,240,000 after buying an additional 12,800 shares in the last quarter. Finally, Hillcrest Asset Management LLC increased its stake in shares of Apogee Enterprises by 1.4% in the third quarter. Hillcrest Asset Management LLC now owns 192,503 shares of the industrial products company’s stock worth $8,603,000 after buying an additional 2,600 shares in the last quarter.

Institutional Ownership by Quarter for Apogee Enterprises (NASDAQ:APOG)

Apogee Enterprises Inc (NASDAQ:APOG) traded up 2.94% during midday trading on Friday, hitting $55.99. The company had a trading volume of 185,247 shares. Apogee Enterprises Inc has a 52 week low of $39.88 and a 52 week high of $61.00. The firm’s 50 day moving average is $53.40 and its 200-day moving average is $54.48. The firm has a market capitalization of $1.61 billion, a P/E ratio of 18.85 and a beta of 1.40.

Apogee Enterprises (NASDAQ:APOG) last announced its earnings results on Thursday, April 13th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.08. Apogee Enterprises had a net margin of 7.77% and a return on equity of 19.12%. The company had revenue of $314.13 million during the quarter, compared to analyst estimates of $291.18 million. During the same period in the previous year, the business earned $0.69 earnings per share. The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. On average, equities research analysts expect that Apogee Enterprises Inc will post $3.40 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 2nd. Investors of record on Friday, May 19th will be given a $0.14 dividend. The ex-dividend date is Wednesday, May 17th. This represents a $0.56 annualized dividend and a yield of 1.00%. Apogee Enterprises’s dividend payout ratio (DPR) is presently 19.65%.

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Several equities research analysts recently weighed in on the company. Zacks Investment Research downgraded Apogee Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, February 20th. Sidoti assumed coverage on Apogee Enterprises in a report on Thursday, May 25th. They set a “buy” rating and a $70.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $60.40.

In other Apogee Enterprises news, CEO Joseph F. Puishys sold 100,000 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $55.97, for a total transaction of $5,597,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 180,000 shares of company stock valued at $10,084,600 over the last quarter. 3.70% of the stock is owned by company 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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