30,477 Shares in Apogee Enterprises, Inc. (NASDAQ:APOG) Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC bought a new stake in Apogee Enterprises, Inc. (NASDAQ:APOG) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 30,477 shares of the industrial products company’s stock, valued at approximately $2,134,000. Kingsview Wealth Management LLC owned approximately 0.14% of Apogee Enterprises as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. Gladius Capital Management LP bought a new stake in shares of Apogee Enterprises in the 3rd quarter valued at $33,000. GAMMA Investing LLC grew its stake in Apogee Enterprises by 43.2% in the third quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 163 shares during the period. Quarry LP increased its holdings in shares of Apogee Enterprises by 959.4% in the second quarter. Quarry LP now owns 731 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 662 shares in the last quarter. CWM LLC raised its position in shares of Apogee Enterprises by 290.6% during the second quarter. CWM LLC now owns 957 shares of the industrial products company’s stock worth $60,000 after purchasing an additional 712 shares during the period. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of Apogee Enterprises during the 2nd quarter valued at about $75,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

APOG has been the subject of a number of research reports. DA Davidson increased their target price on Apogee Enterprises from $65.00 to $75.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. StockNews.com downgraded shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th.

Apogee Enterprises Stock Up 2.0 %

APOG stock opened at $84.87 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.65 and a quick ratio of 1.32. The stock has a market capitalization of $1.86 billion, a P/E ratio of 17.87 and a beta of 0.97. Apogee Enterprises, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $87.93. The business has a 50-day moving average of $76.87 and a 200-day moving average of $68.31.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly 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 return on equity of 24.12% and a net margin of 7.58%. The firm had revenue of $342.40 million during the quarter, compared to the consensus estimate of $335.31 million. During the same quarter in the prior year, the firm posted $1.36 EPS. The business’s revenue was down 3.2% on a year-over-year basis. On average, sell-side analysts anticipate that Apogee Enterprises, Inc. will post 5.06 earnings per share for the current fiscal year.

Apogee Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Tuesday, October 22nd were given a dividend of $0.25 per share. 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 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).