Apogee Enterprises, Inc. (NASDAQ:APOG) Position Cut by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 3.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,080,529 shares of the industrial products company’s stock after selling 33,926 shares during the quarter. Victory Capital Management Inc. owned about 4.92% of Apogee Enterprises worth $75,653,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its stake 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 valued at $38,000 after purchasing an additional 163 shares in the last quarter. Headlands Technologies LLC raised its stake 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 valued at $45,000 after purchasing an additional 593 shares in the last quarter. Quarry LP raised its stake in shares of Apogee Enterprises by 959.4% during the second quarter. Quarry LP now owns 731 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 662 shares in the last quarter. EntryPoint Capital LLC raised its stake in shares of Apogee Enterprises by 31.4% during the first quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 222 shares in the last quarter. Finally, CWM LLC raised its stake in shares of Apogee Enterprises by 290.6% during the second quarter. CWM LLC now owns 957 shares of the industrial products company’s stock valued at $60,000 after purchasing an additional 712 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Apogee Enterprises Price Performance

NASDAQ:APOG opened at $84.78 on Thursday. The business’s 50-day moving average price is $73.87 and its 200 day moving average price is $67.24. The firm has a market cap of $1.86 billion, a P/E ratio of 17.85 and a beta of 0.97. Apogee Enterprises, Inc. has a 52-week low of $44.46 and a 52-week high of $87.93. The company has a quick ratio of 1.32, a current ratio of 1.65 and a debt-to-equity ratio of 0.12.

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

Apogee Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Tuesday, October 22nd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.00 annualized dividend and a yield of 1.18%. Apogee Enterprises’s payout ratio is presently 21.05%.

Wall Street Analysts Forecast Growth

APOG has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 15th. DA Davidson lifted their target price on Apogee Enterprises from $65.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th.

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).