Royce & Associates LP Boosts Position in Apogee Enterprises, Inc. (APOG)

Royce & Associates LP grew its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 758,078 shares of the industrial products company’s stock after acquiring an additional 16,585 shares during the period. Royce & Associates LP owned about 2.65% of Apogee Enterprises worth $36,585,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Riverhead Capital Management LLC raised its stake in Apogee Enterprises by 99.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,398 shares of the industrial products company’s stock worth $136,000 after purchasing an additional 1,198 shares in the last quarter. Forward Management LLC bought a new position in Apogee Enterprises in the 2nd quarter valued at about $137,000. Flinton Capital Management LLC increased its holdings in Apogee Enterprises by 80.0% in the 2nd quarter. Flinton Capital Management LLC now owns 3,060 shares of the industrial products company’s stock valued at $174,000 after buying an additional 1,360 shares during the period. SG Americas Securities LLC bought a new position in Apogee Enterprises in the 3rd quarter valued at about $190,000. Finally, Advisor Group Inc. increased its holdings in Apogee Enterprises by 76.9% in the 2nd quarter. Advisor Group Inc. now owns 3,444 shares of the industrial products company’s stock valued at $195,000 after buying an additional 1,497 shares during the period. Institutional investors own 99.03% of the company’s stock.

Apogee Enterprises, Inc. (APOG) opened at $48.30 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 1.86. Apogee Enterprises, Inc. has a 1 year low of $40.03 and a 1 year high of $61.00. The stock has a market cap of $1,383.46, a price-to-earnings ratio of 16.37, a P/E/G ratio of 1.42 and a beta of 1.61.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results 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 quarter in the previous year, the company earned $0.77 EPS. Apogee Enterprises’s quarterly revenue was up 23.5% compared to the same quarter last year. research analysts expect that Apogee Enterprises, Inc. will post 3.39 earnings per share for the current fiscal year.

Several brokerages recently issued reports on APOG. Zacks Investment Research raised shares of Apogee Enterprises from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. BidaskClub lowered shares of Apogee Enterprises from a “hold” rating to a “sell” rating in a report on Thursday. ValuEngine lowered shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $63.33.

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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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