Segall Bryant & Hamill LLC Takes $9.17 Million Position in Apogee Enterprises Inc (APOG)
Segall Bryant & Hamill LLC bought a new stake in shares of Apogee Enterprises Inc (NASDAQ:APOG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 190,292 shares of the industrial products company’s stock, valued at approximately $9,166,000. Segall Bryant & Hamill LLC owned approximately 0.67% of Apogee Enterprises at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in APOG. Ceredex Value Advisors LLC bought a new stake in Apogee Enterprises during the 1st quarter valued at $42,970,000. Rice Hall James & Associates LLC boosted its position in Apogee Enterprises by 1,229.9% during the 2nd quarter. Rice Hall James & Associates LLC now owns 400,578 shares of the industrial products company’s stock valued at $19,296,000 after acquiring an additional 370,458 shares in the last quarter. Denver Investment Advisors LLC acquired a new stake in shares of Apogee Enterprises in the 1st quarter worth $8,793,000. Russell Investments Group Ltd. boosted its position in shares of Apogee Enterprises by 22.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 618,995 shares of the industrial products company’s stock worth $29,831,000 after purchasing an additional 115,524 shares in the last quarter. Finally, RMB Capital Management LLC acquired a new stake in shares of Apogee Enterprises in the 1st quarter worth $3,187,000. 94.99% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on APOG. BidaskClub cut Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, May 12th. TheStreet raised Apogee Enterprises from a “c+” rating to a “b” rating in a research report on Thursday, June 28th. ValuEngine cut Apogee Enterprises from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. DA Davidson cut Apogee Enterprises from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $47.00 to $52.00 in a research report on Friday, June 29th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Apogee Enterprises from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $54.00.
Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data on Thursday, June 28th. The industrial products company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.09. The firm had revenue of $336.50 million during the quarter, compared to analysts’ expectations of $304.46 million. Apogee Enterprises had a return on equity of 17.33% and a net margin of 5.66%. The business’s quarterly revenue was up 23.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 EPS. equities research analysts expect that Apogee Enterprises Inc will post 3.57 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 2nd. Stockholders of record on Wednesday, July 18th were given a $0.1575 dividend. The ex-dividend date of this dividend was Tuesday, July 17th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.27%. Apogee Enterprises’s payout ratio is 20.32%.
Apogee Enterprises Profile
Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. It operates through four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass window, curtainwall, storefront, and entrance systems comprising the outside skin and entrances of commercial, institutional, and multi-family residential buildings.
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