Intech Investment Management LLC Purchases 23,296 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Intech Investment Management LLC grew its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 255.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,415 shares of the industrial products company’s stock after buying an additional 23,296 shares during the period. Intech Investment Management LLC owned approximately 0.15% of Apogee Enterprises worth $2,270,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Gladius Capital Management LP bought a new position in Apogee Enterprises during the third quarter worth about $33,000. GAMMA Investing LLC increased its holdings in shares of Apogee Enterprises by 43.2% during the third quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 163 shares during the period. Quarry LP raised its position in shares of Apogee Enterprises by 959.4% in the second quarter. Quarry LP now owns 731 shares of the industrial products company’s stock valued at $46,000 after buying an additional 662 shares in the last quarter. EntryPoint Capital LLC boosted its stake in shares of Apogee Enterprises by 31.4% in the first quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company’s stock valued at $55,000 after buying an additional 222 shares during the period. Finally, CWM LLC boosted its stake in shares of Apogee Enterprises by 290.6% in the second quarter. CWM LLC now owns 957 shares of the industrial products company’s stock valued at $60,000 after buying an additional 712 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. StockNews.com cut Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. DA Davidson boosted their price target on Apogee Enterprises from $65.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th.

Apogee Enterprises Stock Performance

NASDAQ APOG opened at $83.22 on Monday. The firm’s 50 day simple moving average is $76.51 and its 200 day simple moving average is $68.17. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 17.52 and a beta of 0.97. The company has a current ratio of 1.65, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12. Apogee Enterprises, Inc. has a 1 year low of $44.46 and a 1 year high of $87.93.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Friday, October 4th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.21. Apogee Enterprises had a return on equity of 24.12% and a net margin of 7.58%. The company had revenue of $342.40 million for the quarter, compared to analyst estimates of $335.31 million. During the same quarter last year, the company posted $1.36 EPS. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, research analysts expect that Apogee Enterprises, Inc. will post 5.06 earnings per share for the current fiscal year.

Apogee Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Tuesday, October 22nd were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.20%. Apogee Enterprises’s payout ratio is currently 21.05%.

About Apogee Enterprises

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).