Allspring Global Investments Holdings LLC Buys 28,845 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Allspring Global Investments Holdings LLC increased its stake in Apogee Enterprises, Inc. (NASDAQ:APOG) by 64.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,733 shares of the industrial products company’s stock after purchasing an additional 28,845 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Apogee Enterprises were worth $5,162,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of APOG. Vanguard Group Inc. raised its position in shares of Apogee Enterprises by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 3,097,343 shares of the industrial products company’s stock worth $165,429,000 after acquiring an additional 53,484 shares during the last quarter. Principal Financial Group Inc. lifted its position in Apogee Enterprises by 2.1% during the 1st quarter. Principal Financial Group Inc. now owns 122,891 shares of the industrial products company’s stock valued at $7,275,000 after purchasing an additional 2,522 shares during the period. Texas Permanent School Fund Corp boosted its stake in shares of Apogee Enterprises by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 19,329 shares of the industrial products company’s stock valued at $1,144,000 after purchasing an additional 261 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Apogee Enterprises during the 1st quarter worth approximately $747,000. Finally, Illinois Municipal Retirement Fund grew its position in shares of Apogee Enterprises by 5.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 12,741 shares of the industrial products company’s stock worth $754,000 after buying an additional 641 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Apogee Enterprises Price Performance

Apogee Enterprises stock opened at $74.94 on Monday. The company has a current ratio of 1.65, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $1.64 billion, a P/E ratio of 15.39 and a beta of 0.98. The business has a 50-day moving average of $69.92 and a 200-day moving average of $65.32. Apogee Enterprises, Inc. has a 1 year low of $41.01 and a 1 year high of $86.22.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Friday, October 4th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.21. The firm had revenue of $342.40 million during the quarter, compared to analysts’ expectations of $335.31 million. Apogee Enterprises had a net margin of 7.58% and a return on equity of 24.12%. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.36 earnings per share. On average, equities analysts anticipate that Apogee Enterprises, Inc. will post 5.06 EPS for the current year.

Apogee Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Tuesday, October 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.33%. The ex-dividend date is Tuesday, October 22nd. Apogee Enterprises’s payout ratio is presently 20.53%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. DA Davidson raised their price objective on shares of 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 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).