Bahl & Gaynor Inc. trimmed its holdings in Apogee Enterprises Inc (NASDAQ:APOG) by 22.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,083 shares of the industrial products company’s stock after selling 14,729 shares during the period. Bahl & Gaynor Inc. owned 0.18% of Apogee Enterprises worth $2,214,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. lifted its holdings in Apogee Enterprises by 5.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 191,261 shares of the industrial products company’s stock worth $8,747,000 after purchasing an additional 10,565 shares during the last quarter. Foundry Partners LLC lifted its holdings in Apogee Enterprises by 23.4% during the 4th quarter. Foundry Partners LLC now owns 13,035 shares of the industrial products company’s stock worth $596,000 after purchasing an additional 2,470 shares during the last quarter. Congress Asset Management Co. MA raised its holdings in Apogee Enterprises by 9.8% in the 4th quarter. Congress Asset Management Co. MA now owns 104,886 shares of the industrial products company’s stock valued at $4,796,000 after acquiring an additional 9,369 shares in the last quarter. Miles Capital Inc. acquired a new position in Apogee Enterprises in the 4th quarter valued at $207,000. Finally, LSV Asset Management raised its holdings in Apogee Enterprises by 38.0% in the 4th quarter. LSV Asset Management now owns 63,900 shares of the industrial products company’s stock valued at $2,922,000 after acquiring an additional 17,600 shares in the last quarter.
Several equities analysts have weighed in on APOG shares. Craig Hallum dropped their price objective on Apogee Enterprises from $60.00 to $55.00 and set a “buy” rating for the company in a report on Friday, April 13th. DA Davidson dropped their price objective on Apogee Enterprises from $50.00 to $47.00 and set a “buy” rating for the company in a report on Friday, April 13th. BidaskClub raised Apogee Enterprises from a “hold” rating to a “buy” rating in a report on Friday, March 9th. TheStreet cut Apogee Enterprises from a “b-” rating to a “c+” rating in a report on Friday, April 27th. Finally, Zacks Investment Research raised Apogee Enterprises from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 12th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $51.00.
Shares of Apogee Enterprises traded down $0.16, hitting $44.09, during midday trading on Friday, according to Marketbeat. The company’s stock had a trading volume of 7,919 shares, compared to its average volume of 178,932. Apogee Enterprises Inc has a one year low of $37.24 and a one year high of $59.76. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.21 and a current ratio of 1.62. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 1.30 and a beta of 1.53.
Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Thursday, April 12th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.21. Apogee Enterprises had a return on equity of 17.77% and a net margin of 5.99%. The company had revenue of $353.30 million for the quarter, compared to analyst estimates of $363.31 million. During the same quarter last year, the company posted $0.80 EPS. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. research analysts forecast that Apogee Enterprises Inc will post 3.43 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 31st. Stockholders of record on Wednesday, May 16th were paid a $0.1575 dividend. The ex-dividend date of this dividend was Tuesday, May 15th. This represents a $0.63 annualized dividend and a dividend yield of 1.43%. Apogee Enterprises’s payout ratio is 20.32%.
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.
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