Alpine Woods Capital Investors LLC Raises Stake in Apogee Enterprises, Inc. (APOG)

Alpine Woods Capital Investors LLC boosted its stake in Apogee Enterprises, Inc. (NASDAQ:APOG) by 44.9% during the second quarter, Holdings Channel reports. The institutional investor owned 21,950 shares of the industrial products company’s stock after buying an additional 6,800 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Apogee Enterprises were worth $1,248,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the company. Advisors Asset Management Inc. boosted its position in shares of Apogee Enterprises by 6.6% in the second quarter. Advisors Asset Management Inc. now owns 6,103 shares of the industrial products company’s stock valued at $347,000 after buying an additional 379 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Apogee Enterprises by 60.0% in the second quarter. First Trust Advisors LP now owns 48,787 shares of the industrial products company’s stock valued at $2,773,000 after buying an additional 18,299 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Apogee Enterprises by 0.7% in the second quarter. Arizona State Retirement System now owns 14,987 shares of the industrial products company’s stock valued at $852,000 after buying an additional 100 shares in the last quarter. Foundry Partners LLC boosted its position in shares of Apogee Enterprises by 17.5% in the second quarter. Foundry Partners LLC now owns 12,940 shares of the industrial products company’s stock valued at $736,000 after buying an additional 1,928 shares in the last quarter. Finally, Granite Investment Partners LLC boosted its position in shares of Apogee Enterprises by 3.1% in the second quarter. Granite Investment Partners LLC now owns 215,697 shares of the industrial products company’s stock valued at $12,260,000 after buying an additional 6,435 shares in the last quarter.

Apogee Enterprises, Inc. (NASDAQ APOG) opened at 50.48 on Wednesday. The company’s 50-day moving average price is $53.48 and its 200 day moving average price is $55.44. Apogee Enterprises, Inc. has a one year low of $39.88 and a one year high of $61.00. The firm has a market capitalization of $1.46 billion, a PE ratio of 17.29 and a beta of 1.56.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Thursday, June 22nd. The industrial products company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by $0.09. The firm had revenue of $272.30 million during the quarter, compared to analyst estimates of $271.13 million. Apogee Enterprises had a return on equity of 18.59% and a net margin of 7.39%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the company earned $0.61 earnings per share. On average, analysts forecast that Apogee Enterprises, Inc. will post $3.38 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Monday, July 10th were given a $0.14 dividend. The ex-dividend date was Thursday, July 6th. This represents a $0.56 dividend on an annualized basis and a yield of 1.11%. Apogee Enterprises’s dividend payout ratio (DPR) is 19.24%.

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Several brokerages recently issued reports on APOG. BidaskClub cut Apogee Enterprises from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. ValuEngine raised Apogee Enterprises from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Zacks Investment Research raised Apogee Enterprises from a “hold” rating to a “strong-buy” rating and set a $65.00 price objective for the company in a report on Monday, June 19th. Finally, Sidoti began coverage on Apogee Enterprises in a report on Thursday, May 25th. They set a “buy” rating and a $70.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $64.75.

In other Apogee Enterprises news, Director Jerome L. Davis sold 18,706 shares of the company’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $55.04, for a total value of $1,029,578.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.10% of the company’s stock.

About Apogee Enterprises

Apogee Enterprises, Inc is engaged in the design and development of glass solutions for enclosing commercial buildings and framing art. The Company operates through four segments: Architectural Glass, Architectural Services, Architectural Framing Systems and Large-Scale Optical Technologies (LSO). The Architectural Glass segment fabricates coated glass used in customized window and wall systems.

Want to see what other hedge funds are holding APOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apogee Enterprises, Inc. (NASDAQ:APOG).

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

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