Apogee Enterprises, Inc. (NASDAQ:APOG) Shares Sold by Point72 DIFC Ltd

Point72 DIFC Ltd decreased its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG) by 51.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 819 shares of the industrial products company’s stock after selling 871 shares during the quarter. Point72 DIFC Ltd’s holdings in Apogee Enterprises were worth $57,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Gladius Capital Management LP purchased a new stake in Apogee Enterprises during the 3rd quarter worth approximately $33,000. GAMMA Investing LLC grew its position 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. Quarry LP increased its stake 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 buying an additional 662 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Apogee Enterprises in the third quarter valued at $58,000. Finally, CWM LLC boosted its stake in Apogee Enterprises by 290.6% during the 2nd quarter. CWM LLC now owns 957 shares of the industrial products company’s stock valued at $60,000 after acquiring an additional 712 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on APOG shares. StockNews.com raised shares of Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Monday. DA Davidson upped their price objective on Apogee Enterprises from $65.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th.

Apogee Enterprises Stock Performance

Apogee Enterprises stock opened at $80.78 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. Apogee Enterprises, Inc. has a 12 month low of $48.03 and a 12 month high of $87.93. The company has a fifty day moving average price of $79.90 and a two-hundred day moving average price of $69.53. The company has a market cap of $1.77 billion, a PE ratio of 17.01 and a beta of 0.99.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly 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. The business had revenue of $342.40 million during the quarter, compared to analyst estimates of $335.31 million. Apogee Enterprises had a net margin of 7.58% and a return on equity of 24.12%. The company’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.36 EPS. Research analysts expect that Apogee Enterprises, Inc. will post 5.06 earnings per share for the current year.

Apogee Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Tuesday, October 22nd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Tuesday, October 22nd. Apogee Enterprises’s payout ratio is 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).