Hollencrest Capital Management purchased a new stake in shares of Apogee Enterprises Inc (NASDAQ:APOG) in the first quarter, HoldingsChannel.com reports. The firm purchased 7,000 shares of the industrial products company’s stock, valued at approximately $262,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Apogee Enterprises by 1.5% during the 4th quarter. BlackRock Inc. now owns 4,087,324 shares of the industrial products company’s stock valued at $122,007,000 after purchasing an additional 59,527 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Apogee Enterprises by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 2,775,290 shares of the industrial products company’s stock worth $114,675,000 after buying an additional 52,620 shares during the last quarter. Engaged Capital LLC lifted its position in shares of Apogee Enterprises by 13.3% in the 4th quarter. Engaged Capital LLC now owns 1,689,332 shares of the industrial products company’s stock worth $50,427,000 after buying an additional 198,312 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Apogee Enterprises by 5.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,540,199 shares of the industrial products company’s stock worth $45,975,000 after buying an additional 74,200 shares during the last quarter. Finally, Royce & Associates LP lifted its position in shares of Apogee Enterprises by 7.3% in the 4th quarter. Royce & Associates LP now owns 1,209,571 shares of the industrial products company’s stock worth $36,106,000 after buying an additional 82,407 shares during the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

In other Apogee Enterprises news, Director Sara L. Hays sold 1,985 shares of the business’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $39.14, for a total transaction of $77,692.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jerome L. Davis sold 9,276 shares of the business’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $37.63, for a total transaction of $349,055.88. Following the sale, the director now owns 17,251 shares in the company, valued at $649,155.13. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by insiders.

APOG has been the topic of a number of recent research reports. Sidoti downgraded shares of Apogee Enterprises from a “buy” rating to a “neutral” rating in a research report on Monday, February 25th. BidaskClub upgraded shares of Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 19th. ValuEngine upgraded shares of Apogee Enterprises from a “strong sell” rating to a “sell” rating in a research report on Friday, February 8th. Finally, DA Davidson lifted their price objective on shares of Apogee Enterprises to $35.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Apogee Enterprises currently has an average rating of “Hold” and a consensus target price of $45.25.

Shares of NASDAQ:APOG opened at $39.55 on Thursday. The stock has a market capitalization of $1.05 billion, a P/E ratio of 13.36, a PEG ratio of 1.32 and a beta of 1.62. Apogee Enterprises Inc has a fifty-two week low of $26.38 and a fifty-two week high of $50.87. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.29 and a current ratio of 1.63.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Thursday, April 11th. The industrial products company reported $0.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.06). The firm had revenue of $346.26 million during the quarter, compared to the consensus estimate of $357.18 million. Apogee Enterprises had a net margin of 3.26% and a return on equity of 16.14%. During the same quarter in the prior year, the business earned $0.89 earnings per share. On average, research analysts expect that Apogee Enterprises Inc will post 3.06 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 16th will be given a dividend of $0.175 per share. The ex-dividend date is Wednesday, May 15th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.77%. Apogee Enterprises’s dividend payout ratio (DPR) is 23.65%.

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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.

Featured Article: Cost of Goods Sold (COGS)

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

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