Apogee Enterprises, Inc. (NASDAQ:APOG) Shares Acquired by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. lifted its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 44.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,293 shares of the industrial products company’s stock after purchasing an additional 396 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Apogee Enterprises were worth $91,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Pacer Advisors Inc. increased its holdings in shares of Apogee Enterprises by 15.5% in the second quarter. Pacer Advisors Inc. now owns 917,000 shares of the industrial products company’s stock valued at $57,620,000 after purchasing an additional 122,811 shares during the period. American Century Companies Inc. grew its position in Apogee Enterprises by 23.2% during the second quarter. American Century Companies Inc. now owns 528,769 shares of the industrial products company’s stock worth $33,225,000 after buying an additional 99,495 shares during the period. Bank of New York Mellon Corp increased its holdings in Apogee Enterprises by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 303,220 shares of the industrial products company’s stock valued at $19,053,000 after buying an additional 3,881 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Apogee Enterprises by 70.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 162,379 shares of the industrial products company’s stock valued at $11,369,000 after acquiring an additional 67,295 shares during the period. Finally, Panagora Asset Management Inc. grew its holdings in shares of Apogee Enterprises by 4.6% in the 2nd quarter. Panagora Asset Management Inc. now owns 136,578 shares of the industrial products company’s stock worth $8,582,000 after acquiring an additional 5,964 shares during the period. 94.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on APOG shares. StockNews.com downgraded Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. DA Davidson increased their price objective on shares of Apogee Enterprises from $65.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th.

Apogee Enterprises Trading Down 0.0 %

Shares of Apogee Enterprises stock opened at $82.97 on Friday. The business has a 50 day moving average price of $79.69 and a 200 day moving average price of $69.38. The company has a market capitalization of $1.82 billion, a P/E ratio of 17.47 and a beta of 0.99. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.65 and a quick ratio of 1.32. Apogee Enterprises, Inc. has a 1 year low of $47.83 and a 1 year high of $87.93.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings results on Friday, October 4th. The industrial products company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.21. The company had revenue of $342.40 million during the quarter, compared to analysts’ expectations of $335.31 million. Apogee Enterprises had a return on equity of 24.12% and a net margin of 7.58%. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.36 earnings per share. Sell-side analysts anticipate that Apogee Enterprises, Inc. will post 5.06 EPS for the current fiscal year.

Apogee Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Tuesday, October 22nd were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Tuesday, October 22nd. Apogee Enterprises’s dividend payout ratio is presently 21.05%.

Apogee Enterprises 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).