Horizon Investment Services LLC Invests $704,000 in Apogee Enterprises, Inc. (NASDAQ:APOG)

Horizon Investment Services LLC purchased a new position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,200 shares of the industrial products company’s stock, valued at approximately $704,000. Horizon Investment Services LLC owned approximately 0.05% of Apogee Enterprises as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APOG. Headlands Technologies LLC boosted its position in shares of Apogee Enterprises by 340.8% during the first quarter. Headlands Technologies LLC now owns 767 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 593 shares in the last quarter. EntryPoint Capital LLC lifted its position in Apogee Enterprises by 31.4% in the 1st quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 222 shares in the last quarter. CWM LLC lifted its position in Apogee Enterprises by 290.6% in the 2nd quarter. CWM LLC now owns 957 shares of the industrial products company’s stock valued at $60,000 after acquiring an additional 712 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Apogee Enterprises by 599.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,119 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 959 shares in the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in Apogee Enterprises in the 2nd quarter valued at $159,000. 94.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. DA Davidson boosted their price objective on shares of Apogee Enterprises from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, June 28th. StockNews.com raised shares of Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 26th.

Insider Transactions at Apogee Enterprises

In other news, insider Brent C. Jewell sold 5,000 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $64.34, for a total transaction of $321,700.00. Following the transaction, the insider now directly owns 23,405 shares in the company, valued at approximately $1,505,877.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by company insiders.

Apogee Enterprises Stock Down 0.4 %

Shares of APOG stock opened at $63.28 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.29 and a debt-to-equity ratio of 0.16. Apogee Enterprises, Inc. has a 1 year low of $41.01 and a 1 year high of $70.64. The firm’s fifty day moving average price is $63.61 and its two-hundred day moving average price is $61.64. The firm has a market capitalization of $1.39 billion, a P/E ratio of 12.99 and a beta of 1.00.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Thursday, June 27th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.28. Apogee Enterprises had a net margin of 7.72% and a return on equity of 24.74%. The firm had revenue of $331.50 million for the quarter, compared to analyst estimates of $333.22 million. During the same period in the previous year, the business earned $1.05 EPS. The company’s revenue was down 8.3% compared to the same quarter last year. On average, equities analysts predict that Apogee Enterprises, Inc. will post 4.86 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Wednesday, July 10th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, July 10th. This represents a $1.00 annualized dividend and a dividend yield of 1.58%. Apogee Enterprises’s dividend payout ratio is presently 20.53%.

Apogee Enterprises Profile

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).