Delphi Management Inc. MA Boosts Position in Apogee Enterprises Inc (APOG)
Delphi Management Inc. MA increased its position in shares of Apogee Enterprises Inc (NASDAQ:APOG) by 89.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 53,427 shares of the industrial products company’s stock after purchasing an additional 25,194 shares during the period. Delphi Management Inc. MA’s holdings in Apogee Enterprises were worth $2,443,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of APOG. Ladenburg Thalmann Financial Services Inc. increased its holdings in Apogee Enterprises by 79.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,486 shares of the industrial products company’s stock worth $120,000 after purchasing an additional 1,100 shares in the last quarter. Flinton Capital Management LLC grew its holdings in shares of 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 valued at $174,000 after acquiring an additional 1,360 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Apogee Enterprises in the third quarter valued at approximately $190,000. Advisor Group Inc. grew its holdings in shares of Apogee Enterprises by 76.9% in the second quarter. Advisor Group Inc. now owns 3,444 shares of the industrial products company’s stock valued at $195,000 after acquiring an additional 1,497 shares in the last quarter. Finally, Miles Capital Inc. bought a new position in shares of Apogee Enterprises in the fourth quarter valued at approximately $207,000. 98.42% of the stock is currently owned by institutional investors and hedge funds.
In other Apogee Enterprises news, Director Sara L. Hays sold 2,229 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $45.46, for a total transaction of $101,330.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is currently owned by corporate insiders.
Apogee Enterprises Inc (NASDAQ APOG) opened at $45.35 on Friday. The stock has a market capitalization of $1,293.27 and a P/E ratio of 14.82. The company has a quick ratio of 1.32, a current ratio of 1.79 and a debt-to-equity ratio of 0.45. Apogee Enterprises Inc has a twelve month low of $40.03 and a twelve month high of $61.00.
Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Thursday, December 21st. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.14). Apogee Enterprises had a net margin of 6.24% and a return on equity of 17.99%. The business had revenue of $356.50 million during the quarter, compared to the consensus estimate of $373.35 million. During the same period in the prior year, the company earned $0.78 earnings per share. The business’s revenue was up 30.1% on a year-over-year basis. analysts anticipate that Apogee Enterprises Inc will post 3.05 EPS for the current year.
Apogee Enterprises declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, January 9th that permits the company to buyback 1,000,000 shares. This buyback authorization permits the industrial products company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Tuesday, January 30th will be issued a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.39%. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.14. The ex-dividend date is Monday, January 29th. Apogee Enterprises’s dividend payout ratio is 22.66%.
TRADEMARK VIOLATION WARNING: This story was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another publication, it was copied illegally and reposted in violation of US and international copyright legislation. The legal version of this story can be read at https://www.thecerbatgem.com/2018/02/02/delphi-management-inc-ma-boosts-position-in-apogee-enterprises-inc-apog.html.
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.
Want to see what other hedge funds are holding APOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apogee Enterprises Inc (NASDAQ:APOG).
Receive News & Ratings for Apogee Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apogee Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.