Apogee Enterprises Inc. (APOG) Position Increased by Chatham Capital Group Inc.
Chatham Capital Group Inc. increased its position in shares of Apogee Enterprises Inc. (NASDAQ:APOG) by 3.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,800 shares of the company’s stock after buying an additional 400 shares during the period. Chatham Capital Group Inc.’s holdings in Apogee Enterprises were worth $501,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Emerald Advisers Inc. PA raised its stake in shares of Apogee Enterprises by 3.0% in the second quarter. Emerald Advisers Inc. PA now owns 629,795 shares of the company’s stock worth $29,191,000 after buying an additional 18,345 shares during the period. Emerald Mutual Fund Advisers Trust raised its stake in shares of Apogee Enterprises by 4.6% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 632,641 shares of the company’s stock worth $29,323,000 after buying an additional 27,860 shares during the period. Capital Fund Management S.A. acquired a new stake in shares of Apogee Enterprises during the second quarter worth approximately $1,103,000. American Century Companies Inc. raised its stake in shares of Apogee Enterprises by 107.4% in the second quarter. American Century Companies Inc. now owns 599,221 shares of the company’s stock worth $27,774,000 after buying an additional 310,303 shares during the period. Finally, Falcon Point Capital LLC raised its stake in shares of Apogee Enterprises by 2.2% in the second quarter. Falcon Point Capital LLC now owns 357,364 shares of the company’s stock worth $16,564,000 after buying an additional 7,522 shares during the period. Institutional investors own 98.28% of the company’s stock.
Apogee Enterprises Inc. (NASDAQ:APOG) traded down 0.34% during trading on Tuesday, reaching $43.85. 168,038 shares of the company traded hands. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 16.23 and a beta of 1.52. The company’s 50-day moving average price is $45.53 and its 200 day moving average price is $45.05. Apogee Enterprises Inc. has a 52 week low of $33.67 and a 52 week high of $54.34.
Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings data on Wednesday, September 14th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.67 by $0.10. The business earned $278.50 million during the quarter. Apogee Enterprises had a return on equity of 18.68% and a net margin of 7.65%. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 EPS. On average, equities research analysts expect that Apogee Enterprises Inc. will post $2.86 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 9th. Shareholders of record on Tuesday, October 25th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.14%. The ex-dividend date is Friday, October 21st. Apogee Enterprises’s dividend payout ratio is currently 18.52%.
APOG has been the subject of several recent analyst reports. DA Davidson set a $56.00 target price on shares of Apogee Enterprises and gave the stock a “buy” rating in a research note on Tuesday, September 13th. Zacks Investment Research lowered shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a research note on Tuesday, August 23rd. Finally, Goldman Sachs Group Inc. lowered shares of Apogee Enterprises from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $53.00 to $50.00 in a research note on Monday, July 11th.
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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