5,376 Shares in Apogee Enterprises, Inc. (APOG) Acquired by Crossmark Global Holdings Inc.
Crossmark Global Holdings Inc. purchased a new position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,376 shares of the industrial products company’s stock, valued at approximately $259,000.
A number of other hedge funds also recently modified their holdings of APOG. Creative Planning increased its position in Apogee Enterprises by 0.3% during the second quarter. Creative Planning now owns 4,228 shares of the industrial products company’s stock worth $240,000 after purchasing an additional 11 shares during the last quarter. Harbour Capital Advisors LLC increased its position in shares of Apogee Enterprises by 4,574.7% in the second quarter. Harbour Capital Advisors LLC now owns 50,019 shares of the industrial products company’s stock worth $880,000 after acquiring an additional 48,949 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Apogee Enterprises in the second quarter worth $368,000. Great West Life Assurance Co. Can increased its position in shares of Apogee Enterprises by 3.4% in the second quarter. Great West Life Assurance Co. Can now owns 42,067 shares of the industrial products company’s stock worth $2,390,000 after acquiring an additional 1,386 shares in the last quarter. Finally, Texas Permanent School Fund increased its position in shares of Apogee Enterprises by 1.3% in the second quarter. Texas Permanent School Fund now owns 21,012 shares of the industrial products company’s stock worth $1,194,000 after acquiring an additional 272 shares in the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.
APOG has been the subject of several recent research reports. ValuEngine lowered shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research lowered shares of Apogee Enterprises from a “hold” rating to a “sell” rating in a research report on Monday, August 28th. Finally, DA Davidson set a $52.00 price objective on shares of Apogee Enterprises and gave the stock a “buy” rating in a research report on Thursday, August 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $63.33.
Shares of Apogee Enterprises, Inc. (NASDAQ APOG) opened at $50.03 on Friday. Apogee Enterprises, Inc. has a 52-week low of $40.03 and a 52-week high of $61.00. The stock has a market cap of $1,394.33, a price-to-earnings ratio of 16.50, a PEG ratio of 1.44 and a beta of 1.60. The company has a quick ratio of 1.34, a current ratio of 1.86 and a debt-to-equity ratio of 0.51.
Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings data on Tuesday, September 19th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.04. The company had revenue of $343.91 million during the quarter, compared to analyst estimates of $349.97 million. Apogee Enterprises had a net margin of 6.57% and a return on equity of 17.89%. The business’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.77 earnings per share. research analysts forecast that Apogee Enterprises, Inc. will post 3.39 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 8th. Stockholders of record on Tuesday, October 24th were paid a $0.14 dividend. The ex-dividend date was Monday, October 23rd. This represents a $0.56 annualized dividend and a dividend yield of 1.12%. Apogee Enterprises’s dividend payout ratio (DPR) is presently 20.44%.
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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.
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