Worth Venture Partners LLC bought a new position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 5,100 shares of the industrial products company’s stock, valued at approximately $246,000.

Other hedge funds also recently made changes to their positions in the company. Riverhead Capital Management LLC raised its holdings in Apogee Enterprises by 99.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,398 shares of the industrial products company’s stock worth $136,000 after buying an additional 1,198 shares during the period. Forward Management LLC acquired a new stake in Apogee Enterprises during the 2nd quarter worth approximately $137,000. Flinton Capital Management LLC raised its holdings in Apogee Enterprises by 80.0% during the 2nd quarter. Flinton Capital Management LLC now owns 3,060 shares of the industrial products company’s stock worth $174,000 after buying an additional 1,360 shares during the period. Advisor Group Inc. raised its holdings in Apogee Enterprises by 76.9% during the 2nd quarter. Advisor Group Inc. now owns 3,444 shares of the industrial products company’s stock worth $195,000 after buying an additional 1,497 shares during the period. Finally, Janney Capital Management LLC acquired a new stake in Apogee Enterprises during the 2nd quarter worth approximately $208,000.

Several analysts have commented on APOG shares. ValuEngine downgraded shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research downgraded shares of Apogee Enterprises from a “hold” rating to a “sell” rating in a report on Monday, August 28th. DA Davidson set a $52.00 target price on shares of Apogee Enterprises and gave the stock a “buy” rating in a report on Thursday, August 24th. Finally, BidaskClub downgraded shares of Apogee Enterprises from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $63.33.

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Apogee Enterprises, Inc. (APOG) traded down $0.26 during midday trading on Tuesday, hitting $46.43. 149,700 shares of the stock were exchanged, compared to its average volume of 268,061. The company has a quick ratio of 1.34, a current ratio of 1.86 and a debt-to-equity ratio of 0.51. Apogee Enterprises, Inc. has a 12 month low of $40.03 and a 12 month high of $61.00. The firm has a market capitalization of $1,330.00, a P/E ratio of 15.83, a PEG ratio of 1.38 and a beta of 1.59.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data on Tuesday, September 19th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.04. Apogee Enterprises had a net margin of 6.57% and a return on equity of 17.89%. The company had revenue of $343.91 million for the quarter, compared to the consensus estimate of $349.97 million. During the same period last year, the company earned $0.77 earnings per share. The firm’s revenue was up 23.5% compared to the same quarter last year. sell-side analysts predict that Apogee Enterprises, Inc. will post 3.39 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 8th. Stockholders of record on Tuesday, October 24th were issued a $0.14 dividend. The ex-dividend date of this dividend was Monday, October 23rd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.21%. Apogee Enterprises’s dividend payout ratio (DPR) is presently 20.44%.

Apogee Enterprises Profile

Apogee Enterprises, Inc is engaged in the design and development of glass solutions for enclosing commercial buildings and framing art. The Company operates through four segments: Architectural Glass, Architectural Services, Architectural Framing Systems and Large-Scale Optical Technologies (LSO). The Architectural Glass segment fabricates coated glass used in customized window and wall systems.

Institutional Ownership by Quarter for Apogee Enterprises (NASDAQ:APOG)

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