Apogee Enterprises, Inc. (NASDAQ:APOG) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its position in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 238,227 shares of the industrial products company's stock after selling 10,674 shares during the period. Bank of New York Mellon Corp owned 1.09% of Apogee Enterprises worth $11,037,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. American Century Companies Inc. lifted its position in Apogee Enterprises by 12.9% in the fourth quarter. American Century Companies Inc. now owns 692,139 shares of the industrial products company's stock valued at $49,426,000 after buying an additional 79,009 shares during the last quarter. Northern Trust Corp raised its stake in shares of Apogee Enterprises by 19.9% in the 4th quarter. Northern Trust Corp now owns 277,942 shares of the industrial products company's stock valued at $19,848,000 after acquiring an additional 46,220 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Apogee Enterprises by 87.9% in the 4th quarter. JPMorgan Chase & Co. now owns 186,744 shares of the industrial products company's stock worth $13,335,000 after acquiring an additional 87,356 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Apogee Enterprises by 196.2% in the 4th quarter. Renaissance Technologies LLC now owns 122,883 shares of the industrial products company's stock worth $8,775,000 after acquiring an additional 81,400 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Apogee Enterprises by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 120,751 shares of the industrial products company's stock worth $5,594,000 after purchasing an additional 2,981 shares during the period. Hedge funds and other institutional investors own 94.05% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. DA Davidson cut their target price on Apogee Enterprises from $47.00 to $45.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 1st. Wall Street Zen upgraded Apogee Enterprises from a "hold" rating to a "buy" rating in a report on Friday, July 18th.

Apogee Enterprises Stock Down 1.5%

Shares of NASDAQ APOG traded down $0.64 during midday trading on Thursday, hitting $42.41. The company's stock had a trading volume of 134,614 shares, compared to its average volume of 352,416. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.77 and a quick ratio of 1.36. The firm has a market capitalization of $913.09 million, a price-to-earnings ratio of 18.12 and a beta of 0.96. The business's fifty day simple moving average is $40.49 and its two-hundred day simple moving average is $45.14. Apogee Enterprises, Inc. has a 1 year low of $37.53 and a 1 year high of $87.93.

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

Apogee Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Wednesday, July 16th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, July 16th. This represents a $1.04 annualized dividend and a yield of 2.45%. Apogee Enterprises's payout ratio is 44.44%.

Apogee Enterprises Company 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).