Apogee Enterprises Inc. (APOG) Shares Bought by Emerald Mutual Fund Advisers Trust
Emerald Mutual Fund Advisers Trust boosted its position in Apogee Enterprises Inc. (NASDAQ:APOG) by 4.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 632,641 shares of the company’s stock after buying an additional 27,860 shares during the period. Apogee Enterprises comprises 1.6% of Emerald Mutual Fund Advisers Trust’s portfolio, making the stock its 5th largest position. Emerald Mutual Fund Advisers Trust’s holdings in Apogee Enterprises were worth $29,323,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Apogee Enterprises during the fourth quarter worth approximately $11,887,000. Glenmede Trust Co. NA increased its stake in shares of Apogee Enterprises by 4,913.0% in the first quarter. Glenmede Trust Co. NA now owns 11,981 shares of the company’s stock worth $525,000 after buying an additional 11,742 shares during the period. Virginia Retirement System purchased a new stake in shares of Apogee Enterprises during the first quarter worth approximately $1,282,000. Teachers Advisors Inc. increased its stake in shares of Apogee Enterprises by 3.1% in the first quarter. Teachers Advisors Inc. now owns 282,141 shares of the company’s stock worth $12,383,000 after buying an additional 8,495 shares during the period. Finally, Prudential Financial Inc. increased its stake 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 worth $3,891,000 after buying an additional 8,268 shares during the period. Institutional investors and hedge funds own 98.28% of the company’s stock.
Apogee Enterprises Inc. (NASDAQ:APOG) traded up 0.67% during midday trading on Tuesday, reaching $45.28. 190,821 shares of the company were exchanged. Apogee Enterprises Inc. has a 52-week low of $33.67 and a 52-week high of $54.34. The firm’s 50-day moving average price is $46.34 and its 200 day moving average price is $44.97. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 16.76 and a beta of 1.52.
Apogee Enterprises (NASDAQ:APOG) last announced its earnings results on Wednesday, September 14th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.10. The firm earned $278.50 million during the quarter. Apogee Enterprises had a net margin of 7.65% and a return on equity of 18.68%. The business’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 EPS. Equities analysts predict that Apogee Enterprises Inc. will post $2.86 earnings per share for the current year.
A number of equities research analysts have recently commented on APOG shares. Zacks Investment Research upgraded shares of Apogee Enterprises from a “sell” rating to a “hold” rating in a report on Tuesday, June 7th. Goldman Sachs Group Inc. downgraded shares of Apogee Enterprises from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $53.00 to $50.00 in a report on Monday, July 11th. Finally, 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.
In other Apogee Enterprises news, Director David Ernest Weiss sold 10,000 shares of the company’s stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $46.66, for a total value of $466,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Terence Manning sold 4,000 shares of the company’s stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of $46.17, for a total transaction of $184,680.00. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company 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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