Alps Advisors Inc. Cuts Stake in Apogee Enterprises, Inc. (NASDAQ:APOG)

Alps Advisors Inc. lessened its stake in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 30.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,623 shares of the industrial products company's stock after selling 5,862 shares during the period. Alps Advisors Inc. owned 0.06% of Apogee Enterprises worth $631,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of APOG. Assenagon Asset Management S.A. bought a new stake in shares of Apogee Enterprises during the 1st quarter valued at $691,000. SG Americas Securities LLC acquired a new position in shares of Apogee Enterprises in the 1st quarter valued at $280,000. Janney Montgomery Scott LLC boosted its stake in Apogee Enterprises by 18.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 29,914 shares of the industrial products company's stock worth $1,386,000 after purchasing an additional 4,680 shares during the period. Franklin Resources Inc. raised its holdings in shares of Apogee Enterprises by 35.3% in the 4th quarter. Franklin Resources Inc. now owns 44,247 shares of the industrial products company's stock valued at $3,160,000 after purchasing an additional 11,552 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of Apogee Enterprises by 6.7% in the 4th quarter. Bank of America Corp DE now owns 103,804 shares of the industrial products company's stock valued at $7,413,000 after purchasing an additional 6,529 shares during the period. Institutional investors own 94.05% of the company's stock.

Analysts Set New Price Targets

APOG has been the topic of several research analyst reports. Wall Street Zen cut shares of Apogee Enterprises from a "buy" rating to a "hold" rating in a report on Friday, April 25th. DA Davidson lowered their price target on shares of Apogee Enterprises from $47.00 to $45.00 and set a "neutral" rating on the stock in a report on Tuesday, July 1st.

Apogee Enterprises Price Performance

NASDAQ:APOG traded down $0.17 on Friday, hitting $41.85. The company had a trading volume of 81,800 shares, compared to its average volume of 259,212. The stock has a market capitalization of $901.03 million, a price-to-earnings ratio of 17.88 and a beta of 0.96. The company has a current ratio of 1.77, a quick ratio of 1.36 and a debt-to-equity ratio of 0.65. The firm has a 50 day moving average of $40.40 and a two-hundred day moving average of $46.14. Apogee Enterprises, Inc. has a 52 week low of $37.53 and a 52 week high of $87.93.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last posted its quarterly earnings results on Friday, June 27th. The industrial products company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.11. The firm had revenue of $346.62 million during the quarter, compared to the consensus estimate of $326.08 million. Apogee Enterprises had a net margin of 3.73% and a return on equity of 17.79%. The business's revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.44 earnings per share. On average, research analysts anticipate that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Wednesday, July 16th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Wednesday, July 16th. Apogee Enterprises's dividend payout ratio (DPR) is presently 44.44%.

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).