Public Employees Retirement System of Ohio Reduces Position in Apogee Enterprises Inc (NASDAQ:APOG)

Public Employees Retirement System of Ohio decreased its holdings in shares of Apogee Enterprises Inc (NASDAQ:APOG) by 16.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 34,191 shares of the industrial products company’s stock after selling 6,916 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Apogee Enterprises were worth $1,485,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. LSV Asset Management lifted its position in Apogee Enterprises by 303.1% in the first quarter. LSV Asset Management now owns 486,992 shares of the industrial products company’s stock valued at $18,257,000 after buying an additional 366,192 shares during the last quarter. Coastal Investment Advisors Inc. purchased a new position in Apogee Enterprises in the second quarter valued at approximately $5,524,000. FMR LLC increased its stake in Apogee Enterprises by 492.9% in the first quarter. FMR LLC now owns 147,702 shares of the industrial products company’s stock valued at $5,537,000 after purchasing an additional 122,790 shares during the last quarter. Westwood Holdings Group Inc. increased its stake in Apogee Enterprises by 30.6% in the first quarter. Westwood Holdings Group Inc. now owns 492,730 shares of the industrial products company’s stock valued at $18,472,000 after purchasing an additional 115,539 shares during the last quarter. Finally, Schroder Investment Management Group grew its position in shares of Apogee Enterprises by 32.7% during the second quarter. Schroder Investment Management Group now owns 356,874 shares of the industrial products company’s stock worth $15,503,000 after acquiring an additional 87,875 shares during the last quarter. 90.44% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently weighed in on APOG. ValuEngine upgraded shares of Apogee Enterprises from a “sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub raised Apogee Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday. TheStreet downgraded Apogee Enterprises from a “b-” rating to a “c+” rating in a research note on Tuesday, August 27th. Finally, Craig Hallum boosted their target price on shares of Apogee Enterprises from $46.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $43.33.

Shares of APOG stock traded up $1.01 on Thursday, hitting $43.00. 2,747 shares of the stock traded hands, compared to its average volume of 141,816. The company has a market capitalization of $1.09 billion, a PE ratio of 14.54, a PEG ratio of 1.36 and a beta of 1.65. The company’s fifty day moving average is $37.96 and its 200 day moving average is $38.72. 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 1-year low of $26.38 and a 1-year high of $46.70.

Apogee Enterprises (NASDAQ:APOG) last announced its earnings results on Tuesday, September 17th. The industrial products company reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.15. Apogee Enterprises had a return on equity of 16.04% and a net margin of 3.22%. The business had revenue of $357.10 million during the quarter, compared to analysts’ expectations of $353.62 million. During the same quarter last year, the business posted $0.75 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. As a group, equities research analysts expect that Apogee Enterprises Inc will post 3.03 EPS for the current year.

Apogee Enterprises 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.

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

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