CX Institutional Acquires 65,096 Shares of Apogee Enterprises, Inc. $APOG

Key Points

• CX Institutional increased its stake in Apogee Enterprises by 120.7%, acquiring an additional 65,096 shares, bringing its total holdings to 119,022 shares, valued at approximately $4.83 million.
• Other institutions, such as Moody National Bank Trust Division and Voya Investment Management LLC, also expanded their investments in Apogee Enterprises, indicating strong institutional interest.
• Despite beating earnings expectations with $0.56 EPS, the company has faced mixed reviews from analysts, with a consensus rating of "Moderate Buy" and a price target of $45.00.

CX Institutional increased its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 120.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 119,022 shares of the industrial products company's stock after purchasing an additional 65,096 shares during the quarter. CX Institutional owned 0.55% of Apogee Enterprises worth $4,832,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Moody National Bank Trust Division increased its holdings in Apogee Enterprises by 31.1% during the 2nd quarter. Moody National Bank Trust Division now owns 30,865 shares of the industrial products company's stock valued at $1,253,000 after purchasing an additional 7,329 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Apogee Enterprises in the 2nd quarter worth approximately $252,000. Voya Investment Management LLC increased its stake in shares of Apogee Enterprises by 29.0% during the first quarter. Voya Investment Management LLC now owns 113,571 shares of the industrial products company's stock valued at $5,262,000 after buying an additional 25,514 shares during the period. Strs Ohio bought a new position in shares of Apogee Enterprises during the first quarter valued at approximately $334,000. Finally, Intech Investment Management LLC lifted its stake in Apogee Enterprises by 24.1% in the first quarter. Intech Investment Management LLC now owns 108,605 shares of the industrial products company's stock worth $5,032,000 after acquiring an additional 21,068 shares during the period. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Apogee Enterprises Stock Performance

Shares of NASDAQ APOG opened at $43.78 on Friday. The company has a market cap of $942.58 million, a PE ratio of 18.71 and a beta of 1.05. Apogee Enterprises, Inc. has a 52-week low of $37.53 and a 52-week high of $87.93. The company has a quick ratio of 1.36, a current ratio of 1.77 and a debt-to-equity ratio of 0.65. The firm's 50-day moving average price is $42.90 and its 200-day moving average price is $42.63.

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

Wall Street Analyst Weigh In

Several research analysts have commented on APOG shares. Wall Street Zen lowered shares of Apogee Enterprises from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. DA Davidson decreased their price target on shares of Apogee Enterprises from $47.00 to $45.00 and set a "neutral" rating for the company in a research note on Tuesday, July 1st. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $45.00.

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).

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