Alps Advisors Inc. Sells 5,862 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Alps Advisors Inc. cut its stake in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 30.1% during the 1st quarter, according to its most recent Form 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 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in APOG. New Age Alpha Advisors LLC bought a new stake in Apogee Enterprises in the fourth quarter valued at approximately $40,000. Public Employees Retirement System of Ohio bought a new stake in Apogee Enterprises in the fourth quarter valued at approximately $42,000. Meeder Asset Management Inc. bought a new stake in Apogee Enterprises in the fourth quarter valued at approximately $57,000. Vestcor Inc bought a new stake in Apogee Enterprises in the fourth quarter valued at approximately $106,000. Finally, Johnson Investment Counsel Inc. boosted its holdings in Apogee Enterprises by 16.7% in the first quarter. Johnson Investment Counsel Inc. now owns 4,633 shares of the industrial products company's stock valued at $215,000 after acquiring an additional 663 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors.

Apogee Enterprises Price Performance

Shares of APOG opened at $43.53 on Tuesday. Apogee Enterprises, Inc. has a 52-week low of $37.53 and a 52-week high of $87.93. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.36 and a current ratio of 1.77. The business's 50 day moving average price is $40.20 and its two-hundred day moving average price is $46.61. The firm has a market cap of $937.20 million, a PE ratio of 18.60 and a beta of 0.96.

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

Apogee Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Wednesday, July 16th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Wednesday, July 16th. Apogee Enterprises's payout ratio is 44.44%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Wall Street Zen lowered Apogee Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, April 25th. DA Davidson dropped their price target on Apogee Enterprises from $47.00 to $45.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 1st.

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).

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