Nordea Investment Management AB lifted its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 42.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,531 shares of the industrial products company’s stock after buying an additional 14,537 shares during the period. Nordea Investment Management AB owned approximately 0.17% of Apogee Enterprises worth $2,342,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Riverhead Capital Management LLC lifted its position in Apogee Enterprises by 99.8% in the second 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 during the period. Forward Management LLC acquired a new stake in Apogee Enterprises in the second quarter worth approximately $137,000. Flinton Capital Management LLC lifted its position in Apogee Enterprises by 80.0% in the second quarter. Flinton Capital Management LLC now owns 3,060 shares of the industrial products company’s stock worth $174,000 after purchasing an additional 1,360 shares during the period. SG Americas Securities LLC acquired a new stake in Apogee Enterprises in the third quarter worth approximately $190,000. Finally, Advisor Group Inc. lifted its position in Apogee Enterprises by 76.9% in the second quarter. Advisor Group Inc. now owns 3,444 shares of the industrial products company’s stock worth $195,000 after purchasing an additional 1,497 shares during the period. Institutional investors and hedge funds own 98.82% of the company’s stock.

A number of equities research analysts have weighed in on APOG shares. DA Davidson set a $52.00 target price on Apogee Enterprises and gave the stock a “buy” rating in a research report on Thursday, August 24th. Zacks Investment Research downgraded Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, ValuEngine downgraded Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. 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. Apogee Enterprises presently has a consensus rating of “Hold” and a consensus target price of $63.33.

Shares of Apogee Enterprises, Inc. (NASDAQ:APOG) opened at $48.53 on Wednesday. Apogee Enterprises, Inc. has a 52-week low of $40.03 and a 52-week high of $61.00. The company has a market capitalization of $1,393.76, a price-to-earnings ratio of 16.50, a PEG ratio of 1.44 and a beta of 1.61. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 1.86.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings data on Tuesday, September 19th. The industrial products company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. Apogee Enterprises had a return on equity of 17.89% and a net margin of 6.57%. The company had revenue of $343.91 million during the quarter, compared to the consensus estimate of $349.97 million. During the same quarter in the prior year, the firm earned $0.77 EPS. The company’s quarterly revenue was up 23.5% compared to the same quarter last year. sell-side analysts forecast that Apogee Enterprises, Inc. will post 3.39 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 8th. Stockholders of record on Tuesday, October 24th were given a dividend of $0.14 per share. The ex-dividend date was Monday, October 23rd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.15%. Apogee Enterprises’s dividend payout ratio (DPR) is presently 20.44%.

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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.

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

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