Palouse Capital Management Inc. boosted its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 41.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,297 shares of the industrial products company’s stock after purchasing an additional 1,847 shares during the quarter. Palouse Capital Management Inc.’s holdings in Apogee Enterprises were worth $304,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of APOG. Riverhead Capital Management LLC lifted its stake in Apogee Enterprises by 99.8% in the second quarter. Riverhead Capital Management LLC now owns 2,398 shares of the industrial products company’s stock valued at $136,000 after buying an additional 1,198 shares in the last quarter. Forward Management LLC bought a new stake in shares of Apogee Enterprises in the second quarter worth $137,000. Flinton Capital Management LLC lifted its position in shares of Apogee Enterprises by 80.0% in the second quarter. Flinton Capital Management LLC now owns 3,060 shares of the industrial products company’s stock worth $174,000 after purchasing an additional 1,360 shares in the last quarter. Advisor Group Inc. lifted its position in shares of Apogee Enterprises by 76.9% in the second quarter. Advisor Group Inc. now owns 3,444 shares of the industrial products company’s stock worth $195,000 after purchasing an additional 1,497 shares in the last quarter. Finally, Janney Capital Management LLC bought a new stake in shares of Apogee Enterprises in the second quarter worth $208,000.

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A number of brokerages have recently commented on APOG. DA Davidson set a $52.00 price objective on shares of Apogee Enterprises and gave the stock a “buy” rating in a research report on Thursday, August 24th. BidaskClub lowered shares of Apogee Enterprises from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Zacks Investment Research lowered shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, ValuEngine raised shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $63.33.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Tuesday, September 19th. The industrial products company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.04. The business had revenue of $343.91 million for the quarter, compared to analysts’ expectations of $349.97 million. Apogee Enterprises had a return on equity of 17.89% and a net margin of 6.57%. The business’s revenue was up 23.5% on a year-over-year basis. During the same period last year, the business earned $0.77 EPS.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Tuesday, October 24th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Monday, October 23rd. Apogee Enterprises’s payout ratio is 20.44%.

Apogee Enterprises Company Profile

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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