Apogee Enterprises, Inc. (NASDAQ:APOG) Shares Sold by Rappaport Reiches Capital Management LLC

Rappaport Reiches Capital Management LLC cut its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 17.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,102 shares of the industrial products company’s stock after selling 652 shares during the period. Rappaport Reiches Capital Management LLC’s holdings in Apogee Enterprises were worth $222,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of APOG. GAMMA Investing LLC grew its stake in Apogee Enterprises by 43.2% during the 3rd 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. CWM LLC grew its position in shares of Apogee Enterprises by 19.9% during the third quarter. CWM LLC now owns 1,147 shares of the industrial products company’s stock worth $80,000 after buying an additional 190 shares in the last quarter. Diversified Trust Co increased its stake in shares of Apogee Enterprises by 3.6% in the third quarter. Diversified Trust Co now owns 6,943 shares of the industrial products company’s stock worth $486,000 after buying an additional 243 shares during the last quarter. Moran Wealth Management LLC raised its holdings in Apogee Enterprises by 0.3% in the third quarter. Moran Wealth Management LLC now owns 98,367 shares of the industrial products company’s stock valued at $6,887,000 after acquiring an additional 304 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. boosted its stake in Apogee Enterprises by 44.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,293 shares of the industrial products company’s stock valued at $91,000 after acquiring an additional 396 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Trading Down 1.8 %

Apogee Enterprises stock opened at $55.73 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.27 and a current ratio of 1.63. Apogee Enterprises, Inc. has a 1 year low of $49.58 and a 1 year high of $87.93. The firm’s 50-day moving average is $71.88 and its 200-day moving average is $70.25. The company has a market cap of $1.22 billion, a P/E ratio of 12.44 and a beta of 1.04.

Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Tuesday, January 7th. The industrial products company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The company had revenue of $341.30 million during the quarter, compared to the consensus estimate of $332.27 million. Apogee Enterprises had a return on equity of 23.14% and a net margin of 7.14%. Apogee Enterprises’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.23 earnings per share. On average, equities analysts expect that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Tuesday, January 28th will be paid a dividend of $0.26 per share. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Tuesday, January 28th. Apogee Enterprises’s dividend payout ratio is presently 23.21%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Singular Research raised shares of Apogee Enterprises to a “moderate buy” rating in a research report on Tuesday, January 14th. DA Davidson lowered their price objective on Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. StockNews.com downgraded Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 9th. Finally, Sidoti upgraded Apogee Enterprises from a “neutral” rating to a “buy” rating in a report on Friday, January 10th.

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).