Martingale Asset Management L P Acquires 4,129 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Martingale Asset Management L P grew its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG) by 12.4% in the 3rd quarter, Holdings Channel reports. The fund owned 37,341 shares of the industrial products company’s stock after purchasing an additional 4,129 shares during the quarter. Martingale Asset Management L P’s holdings in Apogee Enterprises were worth $2,614,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. GAMMA Investing LLC grew its position in shares of Apogee Enterprises by 43.2% in the 3rd quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 163 shares during the period. CWM LLC boosted its stake in Apogee Enterprises by 19.9% in the 3rd quarter. CWM LLC now owns 1,147 shares of the industrial products company’s stock worth $80,000 after purchasing an additional 190 shares during the period. Louisiana State Employees Retirement System boosted its stake in Apogee Enterprises by 1.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the industrial products company’s stock worth $697,000 after purchasing an additional 200 shares during the period. SummerHaven Investment Management LLC increased its holdings in Apogee Enterprises by 1.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 15,641 shares of the industrial products company’s stock worth $983,000 after purchasing an additional 231 shares in the last quarter. Finally, Diversified Trust Co raised its stake in shares of Apogee Enterprises by 3.6% in the 3rd quarter. Diversified Trust Co now owns 6,943 shares of the industrial products company’s stock valued at $486,000 after purchasing an additional 243 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Apogee Enterprises Trading Up 0.5 %

Shares of NASDAQ:APOG opened at $84.21 on Friday. The company’s 50-day moving average price is $78.15 and its two-hundred day moving average price is $68.78. Apogee Enterprises, Inc. has a one year low of $44.56 and a one year high of $87.93. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.65 and a quick ratio of 1.32. The stock has a market capitalization of $1.85 billion, a PE ratio of 17.73 and a beta of 0.97.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Friday, October 4th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, beating 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 business had revenue of $342.40 million for the quarter, compared to the consensus estimate of $335.31 million. During the same quarter in the previous year, the business earned $1.36 earnings per share. Apogee Enterprises’s quarterly revenue was down 3.2% on a year-over-year basis. On average, equities analysts forecast that Apogee Enterprises, Inc. will post 5.06 EPS for the current fiscal year.

Apogee Enterprises Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. DA Davidson upped their price objective on Apogee Enterprises from $65.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. StockNews.com cut shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th.

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).