Apogee Enterprises, Inc. (APOG) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 0.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,758 shares of the industrial products company’s stock after selling 11 shares during the period. Amalgamated Bank’s holdings in Apogee Enterprises were worth $224,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in APOG. Ameritas Investment Partners Inc. bought a new stake in shares of Apogee Enterprises during the first quarter worth about $146,000. State of Alaska Department of Revenue increased its position in Apogee Enterprises by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 3,180 shares of the industrial products company’s stock worth $189,000 after buying an additional 60 shares during the last quarter. Teza Capital Management LLC acquired a new position in Apogee Enterprises during the first quarter worth about $234,000. Intrust Bank NA increased its position in Apogee Enterprises by 8.5% in the first quarter. Intrust Bank NA now owns 4,282 shares of the industrial products company’s stock worth $255,000 after buying an additional 336 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in Apogee Enterprises by 5.7% in the first quarter. Massmutual Trust Co. FSB ADV now owns 4,490 shares of the industrial products company’s stock worth $268,000 after buying an additional 241 shares during the last quarter.

Shares of Apogee Enterprises, Inc. (NASDAQ:APOG) opened at 51.42 on Friday. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 17.61 and a beta of 1.56. The stock’s 50 day moving average is $53.65 and its 200-day moving average is $55.57. Apogee Enterprises, Inc. has a 52 week low of $39.88 and a 52 week high of $61.00.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Thursday, June 22nd. The industrial products company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by $0.09. The business had revenue of $272.30 million during the quarter, compared to analysts’ expectations of $271.13 million. Apogee Enterprises had a net margin of 7.39% and a return on equity of 18.59%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 EPS. On average, analysts anticipate that Apogee Enterprises, Inc. will post $3.38 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Monday, July 10th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend was Thursday, July 6th. Apogee Enterprises’s dividend payout ratio is currently 19.24%.

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APOG has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Apogee Enterprises from a “sell” rating to a “hold” rating in a research note on Friday, April 21st. ValuEngine cut shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Sidoti started coverage on shares of Apogee Enterprises in a research report on Thursday, May 25th. They set a “buy” rating and a $70.00 price objective on the stock. Finally, BidaskClub cut shares of Apogee Enterprises from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the company. Apogee Enterprises currently has an average rating of “Buy” and a consensus target price of $64.75.

In related news, Director Jerome L. Davis sold 18,706 shares of the stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $55.04, for a total value of $1,029,578.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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.

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

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