Forward Management LLC purchased a new stake in Apogee Enterprises, Inc. (NASDAQ:APOG) during the second quarter, Holdings Channel reports. The firm purchased 2,410 shares of the industrial products company’s stock, valued at approximately $137,000.

Other large investors also recently made changes to their positions in the company. Creative Planning raised its stake in shares of Apogee Enterprises by 0.3% in the second quarter. Creative Planning now owns 4,228 shares of the industrial products company’s stock valued at $240,000 after buying an additional 11 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Apogee Enterprises by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 3,180 shares of the industrial products company’s stock valued at $189,000 after buying an additional 60 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Apogee Enterprises by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the industrial products company’s stock valued at $697,000 after buying an additional 100 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Apogee Enterprises by 1.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 8,400 shares of the industrial products company’s stock valued at $500,000 after buying an additional 130 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of Apogee Enterprises by 5.7% in the first quarter. Massmutual Trust Co. FSB ADV now owns 4,490 shares of the industrial products company’s stock valued at $268,000 after buying an additional 241 shares in the last quarter.

Apogee Enterprises, Inc. (APOG) opened at 51.42 on Friday. The firm’s 50-day moving average is $53.65 and its 200 day moving average is $55.57. Apogee Enterprises, Inc. has a 12 month low of $39.88 and a 12 month high of $61.00. The stock has a market capitalization of $1.48 billion, a P/E ratio of 17.61 and a beta of 1.56.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Monday, July 10th were issued a $0.14 dividend. The ex-dividend date was Thursday, July 6th. This represents a $0.56 annualized dividend and a yield of 1.09%. Apogee Enterprises’s dividend payout ratio is presently 19.24%.

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Several brokerages recently commented on APOG. ValuEngine upgraded shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Sidoti began coverage on shares of Apogee Enterprises in a research note on Thursday, May 25th. They set a “buy” rating and a $70.00 price target on the stock. Zacks Investment Research upgraded shares of Apogee Enterprises from a “sell” rating to a “hold” rating in a research note on Friday, April 21st. Finally, BidaskClub lowered shares of Apogee Enterprises from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $64.75.

In other Apogee Enterprises news, Director Jerome L. Davis sold 18,706 shares of the stock in a transaction on Friday, July 7th. The shares were sold at an average price of $55.04, for a total transaction of $1,029,578.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 3.70% 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.

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

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