Gladius Capital Management LP Invests $33,000 in Apogee Enterprises, Inc. (NASDAQ:APOG)

Gladius Capital Management LP acquired a new stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) during the third quarter, HoldingsChannel reports. The fund acquired 467 shares of the industrial products company’s stock, valued at approximately $33,000.

A number of other large investors have also added to or reduced their stakes in APOG. GAMMA Investing LLC lifted its holdings in shares of Apogee Enterprises by 43.2% during the 3rd quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock valued at $38,000 after buying an additional 163 shares during the period. CWM LLC lifted its holdings in Apogee Enterprises by 19.9% in the third quarter. CWM LLC now owns 1,147 shares of the industrial products company’s stock valued at $80,000 after acquiring an additional 190 shares during the period. Louisiana State Employees Retirement System boosted its position in Apogee Enterprises by 1.8% in the second quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the industrial products company’s stock worth $697,000 after purchasing an additional 200 shares during the last quarter. EntryPoint Capital LLC boosted its position in Apogee Enterprises by 31.4% in the first quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 222 shares during the last quarter. Finally, SummerHaven Investment Management LLC grew its stake in shares of Apogee Enterprises by 1.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 15,641 shares of the industrial products company’s stock valued at $983,000 after purchasing an additional 231 shares during the period. Institutional investors own 94.05% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on APOG shares. DA Davidson boosted their target price on shares of Apogee Enterprises from $65.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. StockNews.com lowered Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Friday.

Apogee Enterprises Stock Down 1.1 %

APOG stock opened at $82.03 on Friday. The business’s 50-day moving average price is $74.66 and its 200-day moving average price is $67.53. The stock has a market cap of $1.80 billion, a P/E ratio of 17.27 and a beta of 0.97. Apogee Enterprises, Inc. has a twelve month low of $44.46 and a twelve month high of $87.93. The company has a quick ratio of 1.32, a current ratio of 1.65 and a debt-to-equity ratio of 0.12.

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

Apogee Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Tuesday, October 22nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Tuesday, October 22nd. Apogee Enterprises’s dividend payout ratio (DPR) is 21.05%.

About Apogee Enterprises

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).