Apogee Enterprises Inc (NASDAQ:APOG) Shares Sold by Optimum Investment Advisors

Optimum Investment Advisors lowered its position in shares of Apogee Enterprises Inc (NASDAQ:APOG) by 71.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,185 shares of the industrial products company’s stock after selling 2,950 shares during the period. Optimum Investment Advisors’ holdings in Apogee Enterprises were worth $51,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Janney Capital Management LLC grew its position in shares of Apogee Enterprises by 2.9% during the first quarter. Janney Capital Management LLC now owns 9,091 shares of the industrial products company’s stock worth $341,000 after acquiring an additional 252 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of Apogee Enterprises by 2.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 20,152 shares of the industrial products company’s stock worth $602,000 after acquiring an additional 443 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Apogee Enterprises by 105.5% during the first quarter. PNC Financial Services Group Inc. now owns 937 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 481 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Apogee Enterprises by 475.4% during the first quarter. Versant Capital Management Inc now owns 1,053 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 870 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its position in shares of Apogee Enterprises by 2.6% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 49,058 shares of the industrial products company’s stock worth $1,840,000 after acquiring an additional 1,261 shares during the last quarter. Institutional investors and hedge funds own 97.58% of the company’s stock.

APOG has been the subject of several recent research reports. DA Davidson upped their price target on shares of Apogee Enterprises to $35.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Craig Hallum upped their price target on shares of Apogee Enterprises from $46.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. ValuEngine lowered shares of Apogee Enterprises from a “hold” rating to a “sell” rating in a research report on Wednesday, July 17th. BidaskClub lowered shares of Apogee Enterprises from a “sell” rating to a “strong sell” rating in a research report on Saturday. Finally, TheStreet upgraded shares of Apogee Enterprises from a “c” rating to a “b-” rating in a research report on Thursday, June 27th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $43.33.

APOG traded down $0.42 on Friday, reaching $38.19. The company had a trading volume of 81,683 shares, compared to its average volume of 170,372. The firm has a fifty day moving average of $40.98. The stock has a market cap of $1.01 billion, a P/E ratio of 12.90, a P/E/G ratio of 1.25 and a beta of 1.66. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.47. Apogee Enterprises Inc has a one year low of $26.38 and a one year high of $50.84.

Apogee Enterprises (NASDAQ:APOG) last announced its earnings results on Thursday, June 27th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.05. The firm had revenue of $355.40 million during the quarter, compared to analyst estimates of $324.39 million. Apogee Enterprises had a net margin of 3.22% and a return on equity of 16.04%. Apogee Enterprises’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 EPS. Sell-side analysts forecast that Apogee Enterprises Inc will post 3.04 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Tuesday, July 16th were given a $0.175 dividend. The ex-dividend date was Monday, July 15th. This represents a $0.70 dividend on an annualized basis and a yield of 1.83%. Apogee Enterprises’s dividend payout ratio is presently 23.65%.

Apogee Enterprises Company Profile

Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. It operates through four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass window, curtainwall, storefront, and entrance systems comprising the outside skin and entrances of commercial, institutional, and multi-family residential buildings.

Read More: Equity Income

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

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