Amalgamated Bank grew its stake in Apogee Enterprises, Inc. (NASDAQ:APOG) by 4.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,929 shares of the industrial products company’s stock after purchasing an additional 171 shares during the quarter. Amalgamated Bank’s holdings in Apogee Enterprises were worth $223,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. King Luther Capital Management Corp raised its holdings in Apogee Enterprises by 33.6% in the 2nd quarter. King Luther Capital Management Corp now owns 51,090 shares of the industrial products company’s stock worth $2,904,000 after purchasing an additional 12,835 shares in the last quarter. Teachers Advisors LLC raised its holdings in Apogee Enterprises by 6.4% in the 2nd quarter. Teachers Advisors LLC now owns 50,612 shares of the industrial products company’s stock worth $2,877,000 after purchasing an additional 3,045 shares in the last quarter. Riverhead Capital Management LLC raised its holdings in Apogee Enterprises by 99.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,398 shares of the industrial products company’s stock worth $136,000 after purchasing an additional 1,198 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Apogee Enterprises by 74.0% in the 2nd quarter. Alliancebernstein L.P. now owns 67,170 shares of the industrial products company’s stock worth $3,818,000 after purchasing an additional 28,570 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Apogee Enterprises by 18.4% in the 2nd quarter. Wells Fargo & Company MN now owns 510,343 shares of the industrial products company’s stock worth $29,008,000 after purchasing an additional 79,304 shares in the last quarter.

Apogee Enterprises, Inc. (NASDAQ APOG) opened at 48.19 on Friday. The firm has a 50-day moving average of $46.14 and a 200 day moving average of $51.93. Apogee Enterprises, Inc. has a one year low of $39.88 and a one year high of $61.00. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 17.59 and a beta of 1.56.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Tuesday, September 19th. The industrial products company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.04. Apogee Enterprises had a return on equity of 17.89% and a net margin of 6.57%. The business had revenue of $343.91 million during the quarter, compared to the consensus estimate of $349.97 million. During the same period last year, the company earned $0.77 earnings per share. The business’s revenue for the quarter was up 23.5% compared to the same quarter last year. Equities research analysts predict that Apogee Enterprises, Inc. will post $3.07 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Tuesday, October 24th will be given a dividend of $0.14 per share. The ex-dividend date is Monday, October 23rd. This represents a $0.56 annualized dividend and a dividend yield of 1.16%. Apogee Enterprises’s dividend payout ratio (DPR) is 20.44%.

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Several research analysts have commented on the stock. ValuEngine lowered shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research lowered shares of Apogee Enterprises from a “hold” rating to a “sell” rating in a report on Monday, August 28th. DA Davidson set a $52.00 price objective on shares of Apogee Enterprises and gave the stock a “buy” rating in a report on Thursday, August 24th. Finally, BidaskClub lowered shares of Apogee Enterprises from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Apogee Enterprises presently has an average rating of “Hold” and an average price target of $63.33.

Apogee Enterprises Profile

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.

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

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