SG Americas Securities LLC Purchases 15,726 Shares of Apogee Enterprises, Inc. $APOG

SG Americas Securities LLC increased its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 260.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,759 shares of the industrial products company’s stock after acquiring an additional 15,726 shares during the period. SG Americas Securities LLC’s holdings in Apogee Enterprises were worth $883,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. American Century Companies Inc. grew its position in shares of Apogee Enterprises by 9.9% during the 1st quarter. American Century Companies Inc. now owns 760,821 shares of the industrial products company’s stock valued at $35,249,000 after purchasing an additional 68,682 shares in the last quarter. LSV Asset Management raised its position in shares of Apogee Enterprises by 5.6% in the first quarter. LSV Asset Management now owns 481,355 shares of the industrial products company’s stock worth $22,301,000 after buying an additional 25,326 shares in the last quarter. Millennium Management LLC boosted its stake in Apogee Enterprises by 1,074.3% during the first quarter. Millennium Management LLC now owns 320,220 shares of the industrial products company’s stock valued at $14,836,000 after buying an additional 292,952 shares during the period. Allianz Asset Management GmbH grew its position in Apogee Enterprises by 15.9% during the second quarter. Allianz Asset Management GmbH now owns 198,385 shares of the industrial products company’s stock worth $8,054,000 after buying an additional 27,208 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its position in Apogee Enterprises by 103.2% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 193,150 shares of the industrial products company’s stock worth $8,949,000 after buying an additional 98,080 shares in the last quarter. 94.05% of the stock is owned by institutional investors.

Apogee Enterprises Price Performance

APOG opened at $35.30 on Monday. The company has a current ratio of 1.76, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $759.30 million, a P/E ratio of 17.30 and a beta of 1.10. The stock has a 50-day moving average price of $39.13 and a 200-day moving average price of $40.64. Apogee Enterprises, Inc. has a 12-month low of $32.77 and a 12-month high of $86.66.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings data on Friday, October 10th. The industrial products company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.14. The company had revenue of $358.19 million for the quarter, compared to analysts’ expectations of $350.91 million. Apogee Enterprises had a return on equity of 15.76% and a net margin of 3.19%.Apogee Enterprises’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm posted $1.44 EPS. Equities analysts predict that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Wednesday, October 29th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Wednesday, October 29th. Apogee Enterprises’s payout ratio is presently 50.98%.

Analyst Ratings Changes

Several analysts have weighed in on APOG shares. DA Davidson raised Apogee Enterprises from a “neutral” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Monday, November 17th. Wall Street Zen upgraded shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apogee Enterprises in a research note on Thursday, October 30th. 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.com, Apogee Enterprises presently has an average rating of “Moderate Buy” and an average price target of $47.00.

Apogee Enterprises Company 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).