Grace & White Inc. NY Sells 4,000 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Grace & White Inc. NY decreased its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 10.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 35,500 shares of the industrial products company’s stock after selling 4,000 shares during the quarter. Grace & White Inc. NY owned approximately 0.16% of Apogee Enterprises worth $2,486,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of Apogee Enterprises during the 1st quarter worth $747,000. Acadian Asset Management LLC bought a new position in shares of Apogee Enterprises during the 2nd quarter worth $3,547,000. Vanguard Group Inc. grew its stake in shares of Apogee Enterprises by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 3,097,343 shares of the industrial products company’s stock worth $165,429,000 after acquiring an additional 53,484 shares during the period. Renaissance Technologies LLC grew its stake in shares of Apogee Enterprises by 1,004.1% during the 2nd quarter. Renaissance Technologies LLC now owns 72,683 shares of the industrial products company’s stock worth $4,567,000 after acquiring an additional 66,100 shares during the period. Finally, Quest Partners LLC boosted its stake in Apogee Enterprises by 115,311.1% in the 2nd quarter. Quest Partners LLC now owns 10,387 shares of the industrial products company’s stock worth $653,000 after purchasing an additional 10,378 shares during the period. Institutional investors own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have 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 research note on Tuesday, October 8th. StockNews.com upgraded Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 15th.

Apogee Enterprises Stock Down 0.6 %

Shares of NASDAQ APOG opened at $78.41 on Tuesday. Apogee Enterprises, Inc. has a 52 week low of $41.01 and a 52 week high of $86.22. The business has a 50-day simple moving average of $68.60 and a two-hundred day simple moving average of $64.72. 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 company has a market cap of $1.72 billion, a P/E ratio of 16.10 and a beta of 0.98.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings results on Friday, October 4th. The industrial products company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.21. Apogee Enterprises had a return on equity of 24.12% and a net margin of 7.58%. The firm had revenue of $342.40 million for the quarter, compared to analysts’ expectations of $335.31 million. During the same quarter last year, the firm posted $1.36 EPS. The company’s revenue was down 3.2% compared to the same quarter last year. Research analysts anticipate that Apogee Enterprises, Inc. will post 5.06 earnings per share for the current fiscal year.

Apogee Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Tuesday, October 22nd will be issued a $0.25 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $1.00 annualized dividend and a dividend yield of 1.28%. Apogee Enterprises’s payout ratio is currently 20.53%.

About Apogee Enterprises

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).