SummerHaven Investment Management LLC Purchases 282 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

SummerHaven Investment Management LLC raised its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 2.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 13,185 shares of the industrial products company’s stock after purchasing an additional 282 shares during the period. SummerHaven Investment Management LLC’s holdings in Apogee Enterprises were worth $611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position in shares of Apogee Enterprises by 7.0% in the fourth quarter. Victory Capital Management Inc. now owns 1,155,967 shares of the industrial products company’s stock valued at $82,548,000 after acquiring an additional 75,438 shares during the period. American Century Companies Inc. raised its stake in Apogee Enterprises by 12.9% in the 4th quarter. American Century Companies Inc. now owns 692,139 shares of the industrial products company’s stock worth $49,426,000 after purchasing an additional 79,009 shares in the last quarter. Northern Trust Corp boosted its holdings in Apogee Enterprises by 19.9% in the 4th quarter. Northern Trust Corp now owns 277,942 shares of the industrial products company’s stock valued at $19,848,000 after purchasing an additional 46,220 shares during the period. JPMorgan Chase & Co. boosted its holdings in Apogee Enterprises by 87.9% in the 4th quarter. JPMorgan Chase & Co. now owns 186,744 shares of the industrial products company’s stock valued at $13,335,000 after purchasing an additional 87,356 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of Apogee Enterprises by 196.2% during the 4th quarter. Renaissance Technologies LLC now owns 122,883 shares of the industrial products company’s stock worth $8,775,000 after purchasing an additional 81,400 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a report on Friday, April 25th.

Apogee Enterprises Price Performance

Shares of NASDAQ APOG opened at $39.72 on Friday. The business has a fifty day moving average price of $41.47 and a two-hundred day moving average price of $52.53. The stock has a market capitalization of $856.88 million, a PE ratio of 8.87 and a beta of 0.97. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.63 and a quick ratio of 1.27. Apogee Enterprises, Inc. has a fifty-two week low of $37.70 and a fifty-two week high of $87.93.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly 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). The company had revenue of $345.69 million during the quarter, compared to analyst estimates of $331.82 million. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period last year, the firm earned $1.14 EPS. As a group, equities analysts predict that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Tuesday, May 13th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.62%. Apogee Enterprises’s dividend payout ratio is 26.80%.

About Apogee Enterprises

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).