Apogee Enterprises, Inc. $APOG Shares Sold by EMC Capital Management

EMC Capital Management trimmed its stake in Apogee Enterprises, Inc. (NASDAQ:APOG) by 58.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,441 shares of the industrial products company’s stock after selling 3,376 shares during the period. EMC Capital Management’s holdings in Apogee Enterprises were worth $99,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of APOG. Millennium Management LLC grew its stake in Apogee Enterprises by 1,074.3% during the 1st quarter. Millennium Management LLC now owns 320,220 shares of the industrial products company’s stock worth $14,836,000 after buying an additional 292,952 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in Apogee Enterprises by 103.2% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 193,150 shares of the industrial products company’s stock worth $8,949,000 after purchasing an additional 98,080 shares during the last quarter. American Century Companies Inc. increased its stake in Apogee Enterprises by 9.9% in the first quarter. American Century Companies Inc. now owns 760,821 shares of the industrial products company’s stock valued at $35,249,000 after purchasing an additional 68,682 shares during the period. CX Institutional raised its holdings in shares of Apogee Enterprises by 120.7% in the second quarter. CX Institutional now owns 119,022 shares of the industrial products company’s stock valued at $4,832,000 after buying an additional 65,096 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Apogee Enterprises during the first quarter worth about $2,567,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Apogee Enterprises Price Performance

Shares of NASDAQ APOG opened at $33.60 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.76. Apogee Enterprises, Inc. has a one year low of $32.77 and a one year high of $86.66. The firm has a market capitalization of $722.74 million, a P/E ratio of 16.47 and a beta of 1.10. The company’s fifty day moving average is $39.46 and its two-hundred day moving average is $40.70.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings data on Friday, October 10th. The industrial products company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.14. Apogee Enterprises had a net margin of 3.19% and a return on equity of 15.76%. The firm had revenue of $358.19 million for the quarter, compared to the consensus estimate of $350.91 million. During the same quarter in the previous year, the firm earned $1.44 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis. Analysts forecast that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Wednesday, October 29th were given a $0.26 dividend. The ex-dividend date was Wednesday, October 29th. This represents a $1.04 annualized dividend and a dividend yield of 3.1%. Apogee Enterprises’s payout ratio is currently 50.98%.

Analyst Ratings Changes

A number of analysts have weighed in on APOG shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apogee Enterprises in a research report on Thursday, October 30th. DA Davidson upgraded shares of Apogee Enterprises from a “neutral” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Monday. Finally, Wall Street Zen raised shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Apogee Enterprises currently has an average rating of “Moderate Buy” and an average target price of $47.00.

About Apogee Enterprises

Apogee Enterprises, Inc provides architectural products and services for enclosing buildings, and glass and acrylic products used for preservation, protection, and enhanced viewing in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical (LSO).