Los Angeles Capital Management LLC Has $2.25 Million Stock Holdings in Apogee Enterprises, Inc. (NASDAQ:APOG)

Los Angeles Capital Management LLC increased its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 1.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,078 shares of the industrial products company’s stock after purchasing an additional 439 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.15% of Apogee Enterprises worth $2,246,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Apogee Enterprises by 43.2% during the third quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock worth $38,000 after buying an additional 163 shares in the last quarter. CWM LLC raised its position in Apogee Enterprises by 19.9% in the 3rd quarter. CWM LLC now owns 1,147 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 190 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Apogee Enterprises by 1.8% in the second quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the industrial products company’s stock worth $697,000 after purchasing an additional 200 shares in the last quarter. EntryPoint Capital LLC grew its holdings in shares of Apogee Enterprises by 31.4% during the first quarter. EntryPoint Capital LLC now owns 929 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 222 shares during the last quarter. Finally, SummerHaven Investment Management LLC increased its stake in shares of Apogee Enterprises by 1.5% in the second quarter. SummerHaven Investment Management LLC now owns 15,641 shares of the industrial products company’s stock valued at $983,000 after buying an additional 231 shares in the last quarter. 94.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. StockNews.com raised shares of Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 15th. DA Davidson boosted their price objective on shares of Apogee Enterprises from $65.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th.

Apogee Enterprises Price Performance

Apogee Enterprises stock opened at $84.78 on Thursday. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 17.85 and a beta of 0.97. Apogee Enterprises, Inc. has a 12-month low of $44.46 and a 12-month high of $87.93. The company has a quick ratio of 1.32, a current ratio of 1.65 and a debt-to-equity ratio of 0.12. The business’s 50-day simple moving average is $73.87 and its 200 day simple moving average is $67.24.

Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Friday, October 4th. The industrial products company reported $1.44 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $335.31 million. During the same quarter in the previous year, the company posted $1.36 EPS. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, research analysts anticipate that Apogee Enterprises, Inc. will post 5.06 earnings per share for the current year.

Apogee Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders 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 annualized dividend and a yield of 1.18%. Apogee Enterprises’s dividend payout ratio (DPR) is presently 21.05%.

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).