Arjuna Capital Has $706,000 Stock Holdings in Apogee Enterprises, Inc. (NASDAQ:APOG)

Key Points

• Arjuna Capital significantly reduced its stake in Apogee Enterprises, selling 47,008 shares to lower its ownership by 75.5% in the 1st quarter, leaving it with 15,244 shares valued at $706,000.
• Apogee Enterprises reported strong quarterly earnings, exceeding analysts' expectations with an EPS of $0.56 compared to the anticipated $0.45, and revenue of $346.62 million, up 4.6% year-over-year.
• The company declared a quarterly dividend of $0.26, with a yield of 2.5%, while its dividend payout ratio stands at 44.44% as of the latest announcement.

Arjuna Capital trimmed its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 75.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,244 shares of the industrial products company's stock after selling 47,008 shares during the quarter. Arjuna Capital owned approximately 0.07% of Apogee Enterprises worth $706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. raised its holdings in shares of Apogee Enterprises by 1.3% in the first quarter. Victory Capital Management Inc. now owns 1,170,654 shares of the industrial products company's stock worth $54,236,000 after buying an additional 14,687 shares during the period. Segall Bryant & Hamill LLC boosted its holdings in Apogee Enterprises by 9.3% in the 1st quarter. Segall Bryant & Hamill LLC now owns 723,988 shares of the industrial products company's stock worth $33,542,000 after buying an additional 61,430 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Apogee Enterprises by 5.6% during the 1st quarter. LSV Asset Management now owns 481,355 shares of the industrial products company's stock worth $22,301,000 after purchasing an additional 25,326 shares during the last quarter. Northern Trust Corp raised its position in shares of Apogee Enterprises by 19.9% during the 4th quarter. Northern Trust Corp now owns 277,942 shares of the industrial products company's stock valued at $19,848,000 after buying an additional 46,220 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Apogee Enterprises by 87.9% in the fourth quarter. JPMorgan Chase & Co. now owns 186,744 shares of the industrial products company's stock valued at $13,335,000 after purchasing an additional 87,356 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Apogee Enterprises Stock Down 1.8%

Apogee Enterprises stock traded down $0.76 during midday trading on Monday, hitting $40.76. 23,041 shares of the stock were exchanged, compared to its average volume of 246,993. The firm has a market cap of $877.52 million, a P/E ratio of 17.42 and a beta of 1.00. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.77 and a quick ratio of 1.36. Apogee Enterprises, Inc. has a 1 year low of $37.53 and a 1 year high of $87.93. The company has a 50 day moving average price of $41.00 and a two-hundred day moving average price of $44.02.

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

Apogee Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Wednesday, July 16th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Wednesday, July 16th. Apogee Enterprises's payout ratio is currently 44.44%.

Wall Street Analysts Forecast Growth

APOG has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Apogee Enterprises from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. DA Davidson reduced their target price on shares of Apogee Enterprises from $47.00 to $45.00 and set a "neutral" rating for the company in a report on Tuesday, July 1st.

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).