Apogee Enterprises, Inc. (NASDAQ:APOG) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 1,594.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,795 shares of the industrial products company's stock after buying an additional 10,158 shares during the period. GAMMA Investing LLC's holdings in Apogee Enterprises were worth $500,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC bought a new stake in Apogee Enterprises during the 4th quarter valued at approximately $40,000. Public Employees Retirement System of Ohio bought a new stake in Apogee Enterprises during the 4th quarter valued at approximately $42,000. Meeder Asset Management Inc. bought a new stake in Apogee Enterprises during the 4th quarter valued at approximately $57,000. Vestcor Inc bought a new stake in Apogee Enterprises during the 4th quarter valued at approximately $106,000. Finally, Envestnet Asset Management Inc. bought a new stake in Apogee Enterprises in the 4th quarter worth approximately $228,000. Institutional investors own 94.05% of the company's stock.

Apogee Enterprises Trading Up 3.0%

Shares of Apogee Enterprises stock traded up $1.16 on Monday, reaching $39.30. The company had a trading volume of 289,688 shares, compared to its average volume of 196,971. The firm has a market cap of $847.70 million, a price-to-earnings ratio of 10.13 and a beta of 0.97. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.55 and a quick ratio of 1.23. The firm's 50-day moving average price is $40.43 and its two-hundred day moving average price is $49.86. 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 announced its earnings results on Thursday, April 24th. The industrial products company reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $0.90 by ($0.01). Apogee Enterprises had a return on equity of 21.81% and a net margin of 6.25%. The company had revenue of $345.69 million during the quarter, compared to analysts' expectations of $331.82 million. During the same quarter last year, the firm posted $1.14 EPS. Apogee Enterprises's revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, research analysts predict that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Tuesday, May 13th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend was Tuesday, May 13th. Apogee Enterprises's payout ratio is currently 26.80%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Apogee Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, April 25th.

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).