Public Sector Pension Investment Board Has $3.26 Million Stake in Apogee Enterprises, Inc. (NASDAQ:APOG)

Public Sector Pension Investment Board lowered its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 4.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,542 shares of the industrial products company’s stock after selling 2,100 shares during the quarter. Public Sector Pension Investment Board owned 0.21% of Apogee Enterprises worth $3,259,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. boosted its stake in Apogee Enterprises by 15.5% in the 2nd quarter. Pacer Advisors Inc. now owns 917,000 shares of the industrial products company’s stock worth $57,620,000 after purchasing an additional 122,811 shares during the period. American Century Companies Inc. boosted its position in shares of Apogee Enterprises by 23.2% during the second quarter. American Century Companies Inc. now owns 528,769 shares of the industrial products company’s stock worth $33,225,000 after buying an additional 99,495 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Apogee Enterprises by 70.8% during the third quarter. Assenagon Asset Management S.A. now owns 162,379 shares of the industrial products company’s stock worth $11,369,000 after buying an additional 67,295 shares in the last quarter. Renaissance Technologies LLC raised its position in Apogee Enterprises by 1,004.1% in the 2nd quarter. Renaissance Technologies LLC now owns 72,683 shares of the industrial products company’s stock valued at $4,567,000 after buying an additional 66,100 shares during the last quarter. Finally, Foundry Partners LLC acquired a new position in Apogee Enterprises during the 3rd quarter worth approximately $4,182,000. Institutional investors own 94.05% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on APOG shares. StockNews.com downgraded shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. DA Davidson raised their price target on shares of Apogee Enterprises from $65.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th.

Apogee Enterprises Price Performance

Apogee Enterprises stock opened at $83.81 on Wednesday. Apogee Enterprises, Inc. has a 12 month low of $46.25 and a 12 month high of $87.93. The company has a current ratio of 1.65, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $1.84 billion, a PE ratio of 17.64 and a beta of 0.99. The stock has a 50-day moving average price of $78.49 and a two-hundred day moving average price of $68.94.

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

Apogee Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Tuesday, October 22nd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Tuesday, October 22nd. Apogee Enterprises’s dividend payout ratio is currently 21.05%.

Apogee Enterprises Company Profile

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).