Apogee Enterprises Inc. (APOG) Shares Bought by Copper Rock Capital Partners LLC
Copper Rock Capital Partners LLC increased its position in shares of Apogee Enterprises Inc. (NASDAQ:APOG) by 21.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 657,566 shares of the company’s stock after buying an additional 117,925 shares during the period. Apogee Enterprises makes up approximately 1.9% of Copper Rock Capital Partners LLC’s investment portfolio, making the stock its 17th largest position. Copper Rock Capital Partners LLC owned approximately 2.28% of Apogee Enterprises worth $29,156,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Apogee Enterprises by 1.1% in the second quarter. Vanguard Group Inc. now owns 2,309,515 shares of the company’s stock worth $107,046,000 after buying an additional 24,410 shares in the last quarter. BlackRock Fund Advisors raised its position in shares of Apogee Enterprises by 1.5% in the second quarter. BlackRock Fund Advisors now owns 1,812,287 shares of the company’s stock worth $84,000,000 after buying an additional 25,971 shares in the last quarter. State Street Corp raised its position in shares of Apogee Enterprises by 0.9% in the first quarter. State Street Corp now owns 1,015,758 shares of the company’s stock worth $44,582,000 after buying an additional 9,466 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Apogee Enterprises by 4.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 811,966 shares of the company’s stock worth $37,635,000 after buying an additional 31,323 shares in the last quarter. Finally, RS Investment Management Co. LLC raised its position in shares of Apogee Enterprises by 1.3% in the second quarter. RS Investment Management Co. LLC now owns 692,137 shares of the company’s stock worth $32,081,000 after buying an additional 8,984 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 0.64% during mid-day trading on Thursday, hitting $45.80. 32,996 shares of the stock traded hands. The firm’s 50-day moving average price is $46.26 and its 200-day moving average price is $44.98. The firm has a market cap of $1.32 billion, a P/E ratio of 16.96 and a beta of 1.52. Apogee Enterprises Inc. has a 52 week low of $33.67 and a 52 week high of $54.34.
Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data 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. Apogee Enterprises had a net margin of 7.65% and a return on equity of 18.68%. The business earned $278.50 million during the quarter. During the same quarter last year, the business posted $0.50 EPS. The business’s quarterly revenue was up 15.7% on a year-over-year basis. On average, equities analysts forecast that Apogee Enterprises Inc. will post $2.86 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 9th. Investors of record on Tuesday, October 25th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.10%. Apogee Enterprises’s dividend payout ratio (DPR) is presently 18.52%.
APOG has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Tuesday, August 23rd. Goldman Sachs Group Inc. lowered shares of Apogee Enterprises from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $53.00 to $50.00 in a research report on Monday, July 11th. Finally, DA Davidson set a $56.00 price target on shares of Apogee Enterprises and gave the stock a “buy” rating in a research report on Tuesday, September 13th.
In related news, Director Robert J. Marzec sold 3,000 shares of the firm’s stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $48.04, for a total transaction of $144,120.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joseph F. Puishys sold 25,000 shares of the firm’s stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $46.53, for a total transaction of $1,163,250.00. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.
Apogee Enterprises Company 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.
Receive News & Stock Ratings for Apogee Enterprises Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apogee Enterprises Inc. and related stocks with our FREE daily email newsletter.