Segall Bryant & Hamill LLC Has $37.58 Million Stock Position in Apogee Enterprises, Inc. $APOG

Segall Bryant & Hamill LLC grew its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 27.9% in the second quarter, HoldingsChannel.com reports. The firm owned 925,641 shares of the industrial products company’s stock after purchasing an additional 201,653 shares during the period. Segall Bryant & Hamill LLC’s holdings in Apogee Enterprises were worth $37,581,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd bought a new stake in Apogee Enterprises during the first quarter worth $596,000. State of Alaska Department of Revenue boosted its holdings in Apogee Enterprises by 5.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 12,850 shares of the industrial products company’s stock worth $521,000 after acquiring an additional 686 shares during the last quarter. PharVision Advisers LLC bought a new stake in shares of Apogee Enterprises in the 1st quarter worth $268,000. Voya Investment Management LLC raised its holdings in shares of Apogee Enterprises by 29.0% in the first quarter. Voya Investment Management LLC now owns 113,571 shares of the industrial products company’s stock valued at $5,262,000 after purchasing an additional 25,514 shares during the last quarter. Finally, Moody National Bank Trust Division lifted its position in shares of Apogee Enterprises by 31.1% during the second quarter. Moody National Bank Trust Division now owns 30,865 shares of the industrial products company’s stock valued at $1,253,000 after purchasing an additional 7,329 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on APOG shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apogee Enterprises in a report on Thursday, October 30th. DA Davidson upgraded Apogee Enterprises from a “neutral” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Monday, November 17th. Finally, Wall Street Zen upgraded Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.00.

Apogee Enterprises Price Performance

NASDAQ APOG opened at $35.30 on Friday. The company has a market cap of $759.30 million, a PE ratio of 17.30 and a beta of 1.10. Apogee Enterprises, Inc. has a 52 week low of $32.77 and a 52 week high of $86.66. The company has a quick ratio of 1.37, a current ratio of 1.76 and a debt-to-equity ratio of 0.54. The firm’s 50-day simple moving average is $39.13 and its two-hundred day simple moving average is $40.62.

Apogee Enterprises (NASDAQ:APOG) last posted its earnings results on Friday, October 10th. The industrial products company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.14. Apogee Enterprises had a net margin of 3.19% and a return on equity of 15.76%. The firm had revenue of $358.19 million during the quarter, compared to the consensus estimate of $350.91 million. During the same quarter last year, the company earned $1.44 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. Research analysts predict that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Wednesday, October 29th were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, October 29th. This represents a $1.04 annualized dividend and a dividend yield of 2.9%. Apogee Enterprises’s dividend payout ratio is currently 50.98%.

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).