EMC Capital Management Purchases 18,184 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

EMC Capital Management grew its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 312.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,001 shares of the industrial products company’s stock after buying an additional 18,184 shares during the quarter. EMC Capital Management owned 0.11% of Apogee Enterprises worth $1,681,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of Apogee Enterprises by 43.2% in the 3rd quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock worth $38,000 after buying an additional 163 shares during the last quarter. Quarry LP increased its stake in shares of Apogee Enterprises by 959.4% in the second quarter. Quarry LP now owns 731 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 662 shares during the period. Headlands Technologies LLC lifted its position in Apogee Enterprises by 340.8% during the first quarter. Headlands Technologies LLC now owns 767 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 593 shares during the period. EntryPoint Capital LLC grew its position in Apogee Enterprises by 31.4% during the 1st quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 222 shares during the period. Finally, CWM LLC raised its stake in shares of Apogee Enterprises by 290.6% during the 2nd 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 last quarter. Institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Trading Up 1.3 %

APOG stock opened at $75.80 on Friday. Apogee Enterprises, Inc. has a 52-week low of $43.03 and a 52-week high of $86.22. The company has a quick ratio of 1.32, a current ratio of 1.65 and a debt-to-equity ratio of 0.12. The firm has a market cap of $1.66 billion, a P/E ratio of 15.96 and a beta of 0.98. The company’s 50-day simple moving average is $71.05 and its 200-day simple moving average is $65.85.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data on Friday, October 4th. The industrial products company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.23 by $0.21. The company had revenue of $342.40 million during the quarter, compared to analyst estimates of $335.31 million. Apogee Enterprises had a return on equity of 24.12% and a net margin of 7.58%. Apogee Enterprises’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.36 EPS. As a group, equities analysts forecast that Apogee Enterprises, Inc. will post 5.06 EPS for the current fiscal year.

Apogee Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Tuesday, October 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Tuesday, October 22nd. Apogee Enterprises’s payout ratio is 21.05%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. DA Davidson raised their target price on Apogee Enterprises from $65.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. StockNews.com raised shares of Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 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).