Chatham Capital Group Inc. grew its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG) by 96.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 26,900 shares of the industrial products company’s stock after purchasing an additional 13,200 shares during the period. Chatham Capital Group Inc. owned approximately 0.10% of Apogee Enterprises worth $1,166,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of APOG. Ceredex Value Advisors LLC bought a new position in shares of Apogee Enterprises in the 1st quarter valued at $42,970,000. Deprince Race & Zollo Inc. increased its stake in shares of Apogee Enterprises by 346.1% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,058,950 shares of the industrial products company’s stock valued at $48,426,000 after purchasing an additional 821,580 shares during the last quarter. Glenmede Trust Co. NA increased its stake in shares of Apogee Enterprises by 16.5% in the 4th quarter. Glenmede Trust Co. NA now owns 811,253 shares of the industrial products company’s stock valued at $37,096,000 after purchasing an additional 114,840 shares during the last quarter. Royce & Associates LP increased its stake in shares of Apogee Enterprises by 12.1% in the 4th quarter. Royce & Associates LP now owns 849,898 shares of the industrial products company’s stock valued at $38,866,000 after purchasing an additional 91,820 shares during the last quarter. Finally, Virtus Fund Advisers LLC increased its stake in shares of Apogee Enterprises by 12.2% in the 4th quarter. Virtus Fund Advisers LLC now owns 819,818 shares of the industrial products company’s stock valued at $37,490,000 after purchasing an additional 88,995 shares during the last quarter. Institutional investors own 98.98% of the company’s stock.
Several equities analysts have recently issued reports on the company. TheStreet lowered Apogee Enterprises from a “b-” rating to a “c+” rating in a research note on Friday, April 27th. BidaskClub upgraded Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Friday, March 9th. ValuEngine lowered Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded Apogee Enterprises from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, DA Davidson reduced their price objective on Apogee Enterprises from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, April 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Apogee Enterprises currently has a consensus rating of “Hold” and an average price target of $57.33.
In related news, CEO Joseph F. Puishys bought 3,000 shares of the business’s stock in a transaction on Wednesday, May 2nd. The shares were purchased at an average cost of $42.20 per share, with a total value of $126,600.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert J. Marzec sold 6,297 shares of Apogee Enterprises stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $41.72, for a total value of $262,710.84. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.
Shares of APOG stock opened at $42.15 on Friday. The firm has a market cap of $1.16 billion, a P/E ratio of 13.60, a PEG ratio of 1.20 and a beta of 1.53. Apogee Enterprises, Inc. has a twelve month low of $41.36 and a twelve month high of $41.87. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.21 and a current ratio of 1.62.
Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Thursday, April 12th. The industrial products company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.21. The business had revenue of $353.30 million for the quarter, compared to analyst estimates of $363.31 million. Apogee Enterprises had a return on equity of 17.77% and a net margin of 5.99%. Apogee Enterprises’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS. equities research analysts expect that Apogee Enterprises, Inc. will post 3.43 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Investors of record on Wednesday, May 16th will be given a dividend of $0.1575 per share. The ex-dividend date of this dividend is Tuesday, May 15th. This represents a $0.63 dividend on an annualized basis and a yield of 1.49%. Apogee Enterprises’s dividend payout ratio is currently 20.32%.
About Apogee Enterprises
Apogee Enterprises, Inc designs and develops glass products and services in the United States, Canada, and Brazil. The company operates through four segments: Architectural Glass, Architectural Framing Systems, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Glass segment fabricates coated and high-performance glass used in customized windows and wall systems comprising the outside skin of commercial, institutional, and multi-family residential buildings.
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