Metropolitan Life Insurance Co NY lessened its stake in shares of Apogee Enterprises Inc (NASDAQ:APOG) by 13.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,007 shares of the industrial products company’s stock after selling 1,257 shares during the period. Metropolitan Life Insurance Co NY’s holdings in Apogee Enterprises were worth $312,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc purchased a new stake in Apogee Enterprises during the 2nd quarter worth approximately $26,000. River & Mercantile Asset Management LLP purchased a new stake in Apogee Enterprises during the 2nd quarter worth approximately $30,000. Tower Research Capital LLC TRC grew its position in Apogee Enterprises by 814.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 823 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 733 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in Apogee Enterprises by 60.2% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,699 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 1,014 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in Apogee Enterprises during the 2nd quarter worth approximately $205,000. 86.90% of the stock is currently owned by institutional investors.

APOG has been the topic of several recent research reports. BidaskClub downgraded shares of Apogee Enterprises from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. TheStreet downgraded shares of Apogee Enterprises from a “b-” rating to a “c+” rating in a report on Tuesday, August 27th. Finally, ValuEngine downgraded shares of Apogee Enterprises from a “sell” rating to a “strong sell” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Apogee Enterprises has an average rating of “Hold” and an average target price of $43.50.

APOG stock opened at $39.44 on Friday. The firm’s fifty day simple moving average is $38.15 and its 200-day simple moving average is $38.77. The company has a market capitalization of $1.05 billion, a P/E ratio of 13.32, a price-to-earnings-growth ratio of 1.20 and a beta of 1.66. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.05 and a quick ratio of 0.85. Apogee Enterprises Inc has a 12 month low of $26.38 and a 12 month high of $46.70.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings data on Tuesday, September 17th. The industrial products company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.57 by $0.15. The business had revenue of $357.10 million for the quarter, compared to the consensus estimate of $353.62 million. Apogee Enterprises had a net margin of 3.14% and a return on equity of 15.92%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 EPS. As a group, sell-side analysts forecast that Apogee Enterprises Inc will post 3.04 earnings per share for the current year.

About Apogee Enterprises

Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. It operates through four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass window, curtainwall, storefront, and entrance systems comprising the outside skin and entrances of commercial, institutional, and multi-family residential buildings.

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

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