QS Investors LLC Buys 92,550 Shares of Apogee Enterprises Inc (APOG)

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QS Investors LLC increased its stake in shares of Apogee Enterprises Inc (NASDAQ:APOG) by 544,411.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,567 shares of the industrial products company’s stock after acquiring an additional 92,550 shares during the quarter. QS Investors LLC owned approximately 0.34% of Apogee Enterprises worth $2,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Tieton Capital Management LLC grew its position in shares of Apogee Enterprises by 0.5% in the 4th quarter. Tieton Capital Management LLC now owns 118,511 shares of the industrial products company’s stock worth $3,538,000 after buying an additional 550 shares during the last quarter. Texas Permanent School Fund grew its position in shares of Apogee Enterprises by 3.7% in the 4th quarter. Texas Permanent School Fund now owns 18,442 shares of the industrial products company’s stock worth $550,000 after buying an additional 654 shares during the last quarter. California Public Employees Retirement System grew its position in shares of Apogee Enterprises by 1.7% in the 4th quarter. California Public Employees Retirement System now owns 57,263 shares of the industrial products company’s stock worth $1,709,000 after buying an additional 941 shares during the last quarter. Reilly Financial Advisors LLC grew its position in shares of Apogee Enterprises by 3.5% in the 4th quarter. Reilly Financial Advisors LLC now owns 33,280 shares of the industrial products company’s stock worth $993,000 after buying an additional 1,135 shares during the last quarter. Finally, Teachers Advisors LLC grew its position in shares of Apogee Enterprises by 2.4% in the 3rd quarter. Teachers Advisors LLC now owns 54,362 shares of the industrial products company’s stock worth $2,246,000 after buying an additional 1,272 shares during the last quarter. Institutional investors and hedge funds own 95.52% of the company’s stock.

A number of brokerages have recently weighed in on APOG. Sidoti lowered Apogee Enterprises from a “buy” rating to a “neutral” rating in a research report on Monday, February 25th. BidaskClub upgraded Apogee Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th. ValuEngine upgraded Apogee Enterprises from a “strong sell” rating to a “sell” rating in a research report on Friday, February 8th. Craig Hallum set a $48.00 price objective on Apogee Enterprises and gave the stock a “buy” rating in a research report on Friday, December 21st. Finally, Zacks Investment Research upgraded Apogee Enterprises from a “sell” rating to a “hold” rating in a research report on Tuesday, November 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Apogee Enterprises has a consensus rating of “Hold” and an average target price of $48.50.

Shares of APOG stock opened at $35.58 on Monday. The company has a market capitalization of $966.92 million, a PE ratio of 11.48, a price-to-earnings-growth ratio of 0.99 and a beta of 1.61. 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 0.44, a quick ratio of 1.38 and a current ratio of 1.75.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Thursday, December 20th. The industrial products company reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.02. The company had revenue of $357.70 million during the quarter, compared to analysts’ expectations of $362.40 million. Apogee Enterprises had a return on equity of 16.19% and a net margin of 5.68%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 EPS. Research analysts forecast that Apogee Enterprises Inc will post 3.13 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 20th. Stockholders of record on Tuesday, February 5th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Monday, February 4th. This is a boost from Apogee Enterprises’s previous quarterly dividend of $0.16. Apogee Enterprises’s dividend payout ratio (DPR) is presently 22.58%.

In other news, CFO James S. Porter bought 2,000 shares of the stock in a transaction dated Monday, December 24th. The stock was bought at an average price of $28.10 per share, for a total transaction of $56,200.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jerome L. Davis sold 9,276 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $37.63, for a total value of $349,055.88. Following the completion of the transaction, the director now owns 17,251 shares of the company’s stock, valued at approximately $649,155.13. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.

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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.

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

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