Posted by Defense World Staff on Sep 15th, 2024
Headlands Technologies LLC grew its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG – Free Report) by 294.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,026 shares of the industrial products company’s stock after purchasing an additional 2,259 shares during the quarter. Headlands Technologies LLC’s holdings in Apogee Enterprises were worth $190,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in APOG. SG Americas Securities LLC bought a new position in shares of Apogee Enterprises in the first quarter valued at approximately $747,000. Hsbc Holdings PLC bought a new position in shares of Apogee Enterprises in the fourth quarter valued at approximately $992,000. Vanguard Group Inc. boosted its position in shares of Apogee Enterprises by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 3,097,343 shares of the industrial products company’s stock valued at $165,429,000 after acquiring an additional 53,484 shares during the period. Acadian Asset Management LLC bought a new position in shares of Apogee Enterprises in the second quarter valued at approximately $3,547,000. Finally, Panagora Asset Management Inc. boosted its position in shares of Apogee Enterprises by 0.3% in the fourth quarter. Panagora Asset Management Inc. now owns 133,870 shares of the industrial products company’s stock valued at $7,150,000 after acquiring an additional 401 shares during the period. Institutional investors own 94.05% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have recently commented on APOG. StockNews.com upgraded shares of Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 26th. DA Davidson lifted their target price on shares of Apogee Enterprises from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, June 28th.
View Our Latest Stock Analysis on Apogee Enterprises
Insiders Place Their Bets
In other Apogee Enterprises news, insider Brent C. Jewell sold 5,000 shares of Apogee Enterprises stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $64.34, for a total transaction of $321,700.00. Following the transaction, the insider now directly owns 23,405 shares of the company’s stock, valued at $1,505,877.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.
Apogee Enterprises Trading Up 3.4 %
Shares of Apogee Enterprises stock opened at $65.44 on Friday. Apogee Enterprises, Inc. has a 1 year low of $41.01 and a 1 year high of $70.64. The firm has a market cap of $1.44 billion, a PE ratio of 13.44 and a beta of 0.98. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.29. The company has a 50 day simple moving average of $63.76 and a two-hundred day simple moving average of $62.00.
Apogee Enterprises (NASDAQ:APOG – Get Free Report) last announced its earnings results on Thursday, June 27th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.28. Apogee Enterprises had a net margin of 7.72% and a return on equity of 24.74%. The business had revenue of $331.50 million during the quarter, compared to analyst estimates of $333.22 million. During the same period in the previous year, the business posted $1.05 earnings per share. Apogee Enterprises’s revenue for the quarter was down 8.3% on a year-over-year basis. Analysts expect that Apogee Enterprises, Inc. will post 4.86 earnings per share for the current fiscal year.
Apogee Enterprises Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Wednesday, July 10th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend was Wednesday, July 10th. Apogee Enterprises’s dividend payout ratio (DPR) is presently 20.53%.
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).
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