Tudor Investment Corp ET AL cut its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 73.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,317 shares of the industrial products company’s stock after selling 12,050 shares during the period. Tudor Investment Corp ET AL’s holdings in Apogee Enterprises were worth $257,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Ameritas Investment Partners Inc. purchased a new position in shares of Apogee Enterprises during the first quarter valued at about $146,000. State of Alaska Department of Revenue increased its position in shares of 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 valued at $189,000 after buying an additional 60 shares during the period. Teza Capital Management LLC purchased a new position in shares of Apogee Enterprises during the first quarter valued at about $234,000. Intrust Bank NA increased its position in shares of Apogee Enterprises by 8.5% in the first quarter. Intrust Bank NA now owns 4,282 shares of the industrial products company’s stock valued at $255,000 after buying an additional 336 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of 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 valued at $268,000 after buying an additional 241 shares during the period.
Shares of Apogee Enterprises, Inc. (NASDAQ APOG) opened at 51.42 on Friday. The company has a market capitalization of $1.48 billion, a PE ratio of 17.61 and a beta of 1.56. Apogee Enterprises, Inc. has a 52-week low of $39.88 and a 52-week high of $61.00. The stock has a 50 day moving average price of $53.65 and a 200 day moving average price of $55.57.
Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Thursday, June 22nd. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by $0.09. The firm had revenue of $272.30 million for the quarter, compared to the consensus estimate of $271.13 million. Apogee Enterprises had a return on equity of 18.59% and a net margin of 7.39%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the firm earned $0.61 EPS. On average, analysts predict 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 dividend of $0.14 per share. The ex-dividend date was Thursday, July 6th. This represents a $0.56 dividend on an annualized basis and a yield of 1.09%. Apogee Enterprises’s dividend payout ratio is presently 19.24%.
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APOG has been the subject of several research analyst reports. Zacks Investment Research raised shares of Apogee Enterprises from a “sell” rating to a “hold” rating in a report on Friday, April 21st. Sidoti initiated coverage on Apogee Enterprises in a report on Thursday, May 25th. They set a “buy” rating and a $70.00 price objective on the stock. ValuEngine downgraded Apogee Enterprises from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Finally, BidaskClub downgraded Apogee Enterprises from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $64.75.
In related news, Director Jerome L. Davis sold 18,706 shares of the business’s stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $55.04, for a total transaction of $1,029,578.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. 3.70% of the stock is owned by insiders.
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.
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