Versor Investments LP Has $541,000 Stock Holdings in Apogee Enterprises, Inc. (NASDAQ:APOG)

Versor Investments LP lowered its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 11.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 7,728 shares of the industrial products company’s stock after selling 1,000 shares during the period. Versor Investments LP’s holdings in Apogee Enterprises were worth $541,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in APOG. Pacer Advisors Inc. grew its position in shares of Apogee Enterprises by 15.5% during the 2nd quarter. Pacer Advisors Inc. now owns 917,000 shares of the industrial products company’s stock worth $57,620,000 after buying an additional 122,811 shares during the period. American Century Companies Inc. grew its holdings in Apogee Enterprises by 23.2% in the second quarter. American Century Companies Inc. now owns 528,769 shares of the industrial products company’s stock worth $33,225,000 after purchasing an additional 99,495 shares during the period. Bank of New York Mellon Corp increased its stake in Apogee Enterprises by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 303,220 shares of the industrial products company’s stock valued at $19,053,000 after purchasing an additional 3,881 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Apogee Enterprises by 70.8% in the third quarter. Assenagon Asset Management S.A. now owns 162,379 shares of the industrial products company’s stock valued at $11,369,000 after purchasing an additional 67,295 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its holdings in shares of Apogee Enterprises by 4.6% during the second quarter. Panagora Asset Management Inc. now owns 136,578 shares of the industrial products company’s stock valued at $8,582,000 after purchasing an additional 5,964 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. DA Davidson raised their target price on Apogee Enterprises from $65.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. StockNews.com raised Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 15th.

Apogee Enterprises Stock Performance

APOG opened at $84.78 on Thursday. Apogee Enterprises, Inc. has a 1-year low of $44.46 and a 1-year high of $87.93. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 17.85 and a beta of 0.97. The company’s fifty day moving average price is $73.87 and its two-hundred day moving average price is $67.24. The company has a current ratio of 1.65, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12.

Apogee Enterprises (NASDAQ:APOG) last posted its earnings results on Friday, October 4th. The industrial products company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.21. Apogee Enterprises had a net margin of 7.58% and a return on equity of 24.12%. The company had revenue of $342.40 million for the quarter, compared to analyst estimates of $335.31 million. During the same quarter in the prior year, the business posted $1.36 EPS. The firm’s revenue was down 3.2% compared to the same quarter last year. On average, analysts expect that Apogee Enterprises, Inc. will post 5.06 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Tuesday, October 22nd were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.18%. Apogee Enterprises’s dividend payout ratio is presently 21.05%.

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).