Apogee Enterprises, Inc. (NASDAQ:APOG) Holdings Raised by Moran Wealth Management LLC

Moran Wealth Management LLC grew its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 0.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 98,367 shares of the industrial products company’s stock after purchasing an additional 304 shares during the period. Moran Wealth Management LLC owned about 0.45% of Apogee Enterprises worth $6,887,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Gladius Capital Management LP acquired a new position in Apogee Enterprises during the third quarter valued at $33,000. GAMMA Investing LLC raised its position in Apogee Enterprises by 43.2% during the third quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock valued at $38,000 after buying an additional 163 shares during the period. Quarry LP raised its position in Apogee Enterprises by 959.4% during the second quarter. Quarry LP now owns 731 shares of the industrial products company’s stock valued at $46,000 after buying an additional 662 shares during the period. EntryPoint Capital LLC raised its position in Apogee Enterprises by 31.4% during the first quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company’s stock valued at $55,000 after buying an additional 222 shares during the period. Finally, CWM LLC raised its position in Apogee Enterprises by 290.6% during the second quarter. CWM LLC now owns 957 shares of the industrial products company’s stock valued at $60,000 after buying an additional 712 shares during the period. 94.05% of the stock is owned by hedge funds and other institutional investors.

Apogee Enterprises Stock Performance

Shares of APOG stock opened at $81.30 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.65 and a quick ratio of 1.32. Apogee Enterprises, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $87.93. The stock’s 50-day moving average is $75.77 and its two-hundred day moving average is $67.91. The firm has a market cap of $1.78 billion, a P/E ratio of 17.12 and a beta of 0.97.

Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Friday, October 4th. The industrial products company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.21. Apogee Enterprises had a return on equity of 24.12% and a net margin of 7.58%. The company had revenue of $342.40 million for the quarter, compared to analyst estimates of $335.31 million. During the same period in the prior year, the firm posted $1.36 EPS. The business’s revenue was down 3.2% compared to the same quarter last year. Analysts predict that Apogee Enterprises, Inc. will post 5.06 earnings per share for the current fiscal year.

Apogee Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Tuesday, October 22nd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.00 annualized dividend and a yield of 1.23%. Apogee Enterprises’s dividend payout ratio (DPR) is presently 21.05%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on APOG shares. DA Davidson upped their price target on Apogee Enterprises from $65.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. StockNews.com lowered Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th.

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).