Apogee Enterprises Inc. (APOG) Shares Bought by Emerald Mutual Fund Advisers Trust
Emerald Mutual Fund Advisers Trust boosted its stake in shares of Apogee Enterprises Inc. (NASDAQ:APOG) by 4.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 632,641 shares of the company’s stock after buying an additional 27,860 shares during the period. Apogee Enterprises makes up 1.6% of Emerald Mutual Fund Advisers Trust’s holdings, making the stock its 5th largest position. Emerald Mutual Fund Advisers Trust owned approximately 2.20% of Apogee Enterprises worth $29,323,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Apogee Enterprises during the fourth quarter valued at approximately $11,887,000. Glenmede Trust Co. NA raised its position 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 valued at $525,000 after buying an additional 11,742 shares in the last quarter. Virginia Retirement System bought a new position in shares of Apogee Enterprises during the first quarter valued at approximately $1,282,000. Teachers Advisors Inc. raised its position 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 valued at $12,383,000 after buying an additional 8,495 shares in the last quarter. Finally, Prudential Financial Inc. raised its position 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 valued at $3,891,000 after buying an additional 8,268 shares in the last quarter. 98.28% of the stock is owned by institutional investors and hedge funds.
Apogee Enterprises Inc. (NASDAQ:APOG) traded up 0.67% during midday trading on Tuesday, reaching $45.28. 190,821 shares of the company’s stock were exchanged. Apogee Enterprises Inc. has a 52 week low of $33.67 and a 52 week high of $54.34. The stock’s 50 day moving average is $46.34 and its 200 day moving average is $44.97. The firm has a market capitalization of $1.31 billion, a P/E 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, topping analysts’ consensus estimates of $0.67 by $0.10. The company 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 revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 EPS. On average, analysts expect that Apogee Enterprises Inc. will post $2.86 EPS for the current fiscal year.
APOG has been the topic of several recent analyst reports. DA Davidson set a $56.00 price objective on shares of Apogee Enterprises and gave the stock a “buy” rating in a report on Tuesday, September 13th. Zacks Investment Research lowered shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a report on Tuesday, August 23rd. Finally, Goldman Sachs Group Inc. lowered shares of Apogee Enterprises from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $53.00 to $50.00 in a report on Monday, July 11th.
In other news, Director David Ernest Weiss sold 10,000 shares of Apogee Enterprises stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $46.66, for a total transaction of $466,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert J. Marzec sold 3,000 shares of Apogee Enterprises stock in a transaction dated Monday, July 18th. The stock was sold at an average price of $48.04, for a total transaction of $144,120.00. The disclosure for this sale can be found here. 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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