237,370 Shares in Apogee Enterprises, Inc. (APOG) Purchased by Deprince Race & Zollo Inc.
Deprince Race & Zollo Inc. purchased a new position in Apogee Enterprises, Inc. (NASDAQ:APOG) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 237,370 shares of the industrial products company’s stock, valued at approximately $11,455,000. Deprince Race & Zollo Inc. owned 0.83% of Apogee Enterprises at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. SG Capital Management LLC purchased a new position in shares of Apogee Enterprises during the 2nd quarter worth $38,239,000. Koch Industries Inc. purchased a new position in shares of Apogee Enterprises during the 2nd quarter worth $309,000. American Century Companies Inc. lifted its stake in shares of Apogee Enterprises by 130.4% during the 3rd quarter. American Century Companies Inc. now owns 369,475 shares of the industrial products company’s stock worth $17,831,000 after purchasing an additional 209,092 shares during the period. Fisher Asset Management LLC purchased a new position in shares of Apogee Enterprises during the 3rd quarter worth $6,805,000. Finally, Vanguard Group Inc. lifted its stake in shares of Apogee Enterprises by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 2,562,618 shares of the industrial products company’s stock worth $152,757,000 after purchasing an additional 135,949 shares during the period.
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A number of research analysts have weighed in on the company. DA Davidson set a $52.00 price target on Apogee Enterprises and gave the stock a “buy” rating in a research note on Thursday, August 24th. BidaskClub lowered Apogee Enterprises from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Zacks Investment Research lowered Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, ValuEngine lowered Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $63.33.
Shares of Apogee Enterprises, Inc. (NASDAQ APOG) traded up $0.67 during trading on Friday, hitting $46.27. The stock had a trading volume of 147,200 shares, compared to its average volume of 266,964. The company has a quick ratio of 1.34, a current ratio of 1.86 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $1,306.11, a P/E ratio of 15.46, a PEG ratio of 1.35 and a beta of 1.60. Apogee Enterprises, Inc. has a 12 month low of $40.03 and a 12 month high of $61.00.
Apogee Enterprises (NASDAQ:APOG) last announced its earnings results on Tuesday, September 19th. The industrial products company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.04. The company had revenue of $343.91 million during the quarter, compared to the consensus estimate of $349.97 million. Apogee Enterprises had a return on equity of 17.89% and a net margin of 6.57%. The company’s revenue was up 23.5% on a year-over-year basis. During the same period last year, the firm earned $0.77 earnings per share. sell-side analysts expect that Apogee Enterprises, Inc. will post 3.39 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 8th. Stockholders of record on Tuesday, October 24th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, October 23rd. This represents a $0.56 annualized dividend and a dividend yield of 1.21%. Apogee Enterprises’s dividend payout ratio is presently 20.44%.
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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