Foundry Partners LLC Takes Position in Apogee Enterprises, Inc. (NASDAQ:APOG)

Foundry Partners LLC acquired a new position in Apogee Enterprises, Inc. (NASDAQ:APOG) during the 3rd quarter, HoldingsChannel reports. The fund acquired 59,737 shares of the industrial products company’s stock, valued at approximately $4,182,000.

A number of other institutional investors have also bought and sold shares of the business. Gladius Capital Management LP purchased a new stake in Apogee Enterprises in the third quarter valued at approximately $33,000. GAMMA Investing LLC boosted its stake in Apogee Enterprises by 43.2% in the third quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 163 shares in the last quarter. Quarry LP raised its holdings 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 during the last quarter. EntryPoint Capital LLC raised its holdings 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 last quarter. Finally, CWM LLC raised its holdings 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 last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Apogee Enterprises Stock Performance

Apogee Enterprises stock opened at $82.41 on Friday. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 17.35 and a beta of 0.97. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.65 and a quick ratio of 1.32. Apogee Enterprises, Inc. has a 12-month low of $44.46 and a 12-month high of $87.93. The firm’s fifty day moving average price is $76.16 and its 200 day moving average price is $68.01.

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

Apogee Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Tuesday, October 22nd were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.00 annualized dividend and a dividend yield of 1.21%. Apogee Enterprises’s dividend payout ratio (DPR) is 21.05%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on APOG shares. StockNews.com downgraded Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. DA Davidson raised their price objective 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 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).