Assenagon Asset Management S.A. Makes New Investment in Apogee Enterprises, Inc. (NASDAQ:APOG)

Assenagon Asset Management S.A. acquired a new position in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,913 shares of the industrial products company's stock, valued at approximately $691,000. Assenagon Asset Management S.A. owned approximately 0.07% of Apogee Enterprises as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in Apogee Enterprises during the 1st quarter worth about $280,000. Wedge Capital Management L L P NC increased its position in shares of Apogee Enterprises by 65.4% in the first quarter. Wedge Capital Management L L P NC now owns 26,372 shares of the industrial products company's stock valued at $1,222,000 after acquiring an additional 10,426 shares during the last quarter. GAMMA Investing LLC raised its holdings in Apogee Enterprises by 1,594.7% during the first quarter. GAMMA Investing LLC now owns 10,795 shares of the industrial products company's stock worth $500,000 after acquiring an additional 10,158 shares in the last quarter. Moody National Bank Trust Division boosted its position in Apogee Enterprises by 16.3% during the first quarter. Moody National Bank Trust Division now owns 23,536 shares of the industrial products company's stock valued at $1,090,000 after purchasing an additional 3,298 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Apogee Enterprises by 82.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,549 shares of the industrial products company's stock valued at $396,000 after purchasing an additional 2,504 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.

Apogee Enterprises Stock Performance

APOG stock traded down $0.33 during trading hours on Thursday, reaching $37.58. The stock had a trading volume of 267,354 shares, compared to its average volume of 196,253. The stock has a 50-day simple moving average of $40.91 and a 200 day simple moving average of $51.26. Apogee Enterprises, Inc. has a fifty-two week low of $37.53 and a fifty-two week high of $87.93. The stock has a market capitalization of $810.60 million, a PE ratio of 9.69 and a beta of 0.97. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.55 and a quick ratio of 1.23.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last issued its earnings results on Thursday, April 24th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.90 by ($0.01). Apogee Enterprises had a net margin of 6.25% and a return on equity of 21.81%. The firm had revenue of $345.69 million during the quarter, compared to the consensus estimate of $331.82 million. During the same period in the previous year, the company posted $1.14 earnings per share. The firm's revenue for the quarter was down 4.4% compared to the same quarter last year. Analysts predict that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Tuesday, May 13th were given a $0.26 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.77%. Apogee Enterprises's payout ratio is 26.80%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Apogee Enterprises from a "buy" rating to a "hold" rating in a research report on Friday, April 25th.

Apogee Enterprises 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).