Apogee Enterprises, Inc. (NASDAQ:APOG) Stake Boosted by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. raised its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 1.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 162,248 shares of the industrial products company’s stock after buying an additional 3,091 shares during the period. Schwab Charles Investment Management Inc. owned 0.57% of Apogee Enterprises worth $9,672,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. raised its position in shares of Apogee Enterprises by 19,368.0% in the first quarter. BlackRock Inc. now owns 4,227,467 shares of the industrial products company’s stock valued at $252,000,000 after buying an additional 4,205,752 shares during the period. Vanguard Group Inc. raised its position in shares of Apogee Enterprises by 5.6% in the first quarter. Vanguard Group Inc. now owns 2,562,618 shares of the industrial products company’s stock valued at $152,757,000 after buying an additional 135,949 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Apogee Enterprises by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,297,609 shares of the industrial products company’s stock valued at $77,350,000 after buying an additional 5,046 shares during the period. Emerald Advisers Inc. PA raised its position in Apogee Enterprises by 1.3% in the first quarter. Emerald Advisers Inc. PA now owns 777,716 shares of the industrial products company’s stock valued at $46,360,000 after buying an additional 10,262 shares during the last quarter. Finally, Copper Rock Capital Partners LLC raised its position in Apogee Enterprises by 2.2% in the first quarter. Copper Rock Capital Partners LLC now owns 672,514 shares of the industrial products company’s stock valued at $39,853,000 after buying an additional 14,225 shares during the last quarter.

Apogee Enterprises, Inc. (NASDAQ:APOG) opened at 51.42 on Friday. The firm’s 50-day moving average price is $53.65 and its 200-day moving average price is $55.57. The stock has a market cap 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.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings results on Thursday, June 22nd. The industrial products company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.71 by $0.09. The business had revenue of $272.30 million during the quarter, compared to analyst estimates of $271.13 million. Apogee Enterprises had a net margin of 7.39% and a return on equity of 18.59%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 earnings per share. Equities 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. Stockholders of record on Monday, July 10th were given a $0.14 dividend. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $0.56 annualized dividend and a dividend yield of 1.09%. Apogee Enterprises’s dividend payout ratio is presently 19.24%.

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Several equities analysts recently issued reports on the company. BidaskClub lowered Apogee Enterprises from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Zacks Investment Research upgraded Apogee Enterprises from a “hold” rating to a “strong-buy” rating and set a $65.00 price objective on the stock in a research report on Monday, June 19th. ValuEngine upgraded Apogee Enterprises from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Finally, Sidoti started coverage on Apogee Enterprises in a research report on Thursday, May 25th. They issued a “buy” rating and a $70.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $64.75.

In other news, Director Jerome L. Davis sold 18,706 shares of the stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $55.04, for a total value of $1,029,578.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.70% of the stock is owned by corporate 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.

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

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