Apogee Enterprises, Inc. (NASDAQ:APOG) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 455.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 10,152 shares of the industrial products company's stock after purchasing an additional 8,325 shares during the period. Nisa Investment Advisors LLC's holdings in Apogee Enterprises were worth $470,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in APOG. Raymond James Financial Inc. purchased a new position in Apogee Enterprises during the 4th quarter valued at about $706,000. Amundi grew its position in shares of Apogee Enterprises by 160.0% in the 4th quarter. Amundi now owns 12,250 shares of the industrial products company's stock worth $875,000 after buying an additional 7,538 shares during the last quarter. Vestcor Inc purchased a new position in shares of Apogee Enterprises in the 4th quarter worth approximately $106,000. Royce & Associates LP grew its position in shares of Apogee Enterprises by 23.1% in the 4th quarter. Royce & Associates LP now owns 27,316 shares of the industrial products company's stock worth $1,951,000 after buying an additional 5,119 shares during the last quarter. Finally, Intech Investment Management LLC grew its position in shares of Apogee Enterprises by 170.1% in the 4th quarter. Intech Investment Management LLC now owns 87,537 shares of the industrial products company's stock worth $6,251,000 after buying an additional 55,122 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company's stock.

Apogee Enterprises Price Performance

Shares of NASDAQ:APOG traded down $0.05 during midday trading on Friday, hitting $41.97. The company's stock had a trading volume of 177,517 shares, compared to its average volume of 207,720. The business's 50 day simple moving average is $40.43 and its 200 day simple moving average is $45.76. 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 company has a market cap of $903.61 million, a P/E ratio of 17.94 and a beta of 0.96. Apogee Enterprises, Inc. has a 12-month low of $37.53 and a 12-month high of $87.93.

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

Apogee Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Wednesday, July 16th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Wednesday, July 16th. Apogee Enterprises's dividend payout ratio (DPR) is currently 44.44%.

Analysts Set New Price Targets

APOG has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Apogee Enterprises from a "hold" rating to a "buy" rating in a research note on Friday. DA Davidson cut their price target on shares of Apogee Enterprises from $47.00 to $45.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 1st.

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).