Sit Investment Associates Inc. boosted its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 2.4% during the second quarter, Holdings Channel reports. The firm owned 33,600 shares of the industrial products company’s stock after buying an additional 775 shares during the period. Sit Investment Associates Inc.’s holdings in Apogee Enterprises were worth $1,910,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Creative Planning increased its stake in shares of Apogee Enterprises by 0.3% in the second quarter. Creative Planning now owns 4,228 shares of the industrial products company’s stock valued at $240,000 after buying an additional 11 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Apogee Enterprises by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 3,180 shares of the industrial products company’s stock valued at $189,000 after buying an additional 60 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Apogee Enterprises by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the industrial products company’s stock valued at $697,000 after buying an additional 100 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in shares of Apogee Enterprises by 1.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 8,400 shares of the industrial products company’s stock valued at $500,000 after buying an additional 130 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its stake in shares of Apogee Enterprises by 5.7% in the first quarter. Massmutual Trust Co. FSB ADV now owns 4,490 shares of the industrial products company’s stock valued at $268,000 after buying an additional 241 shares during the period.

Shares of Apogee Enterprises, Inc. (APOG) traded down 1.58% during midday trading on Friday, reaching $52.86. 203,087 shares of the company’s stock traded hands. Apogee Enterprises, Inc. has a 1-year low of $39.88 and a 1-year high of $61.00. The stock has a market capitalization of $1.52 billion, a P/E ratio of 18.10 and a beta of 1.58. The firm’s 50-day moving average price is $55.56 and its 200 day moving average price is $55.96.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings results on Thursday, June 22nd. The industrial products company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.71 by $0.09. Apogee Enterprises had a return on equity of 18.59% and a net margin of 7.39%. The firm had revenue of $272.30 million for the quarter, compared to analyst estimates of $271.13 million. During the same quarter last year, the firm earned $0.61 EPS. The company’s revenue was up 9.9% on a year-over-year basis. On average, equities analysts predict that Apogee Enterprises, Inc. will post $3.38 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 25th. Stockholders of record on Monday, July 10th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Thursday, July 6th. Apogee Enterprises’s payout ratio is 19.24%.

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Several equities research analysts have weighed in on the stock. ValuEngine upgraded shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Sidoti assumed coverage on shares of Apogee Enterprises in a research note on Thursday, May 25th. They issued a “buy” rating and a $70.00 target price for the company. Zacks Investment Research upgraded shares of Apogee Enterprises from a “sell” rating to a “hold” rating in a research note on Friday, April 21st. Finally, BidaskClub downgraded shares of Apogee Enterprises from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $64.75.

In other news, Director Jerome L. Davis sold 18,706 shares of the company’s stock in a transaction on Friday, July 7th. The shares were sold at an average price of $55.04, for a total value of $1,029,578.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joseph F. Puishys sold 40,000 shares of the company’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $56.06, for a total transaction of $2,242,400.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 198,706 shares of company stock valued at $11,114,178. Company insiders own 3.70% of the company’s stock.

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

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