Texas Permanent School Fund Has $641,000 Stake in Apogee Enterprises, Inc. (NASDAQ:APOG)

Texas Permanent School Fund trimmed its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOGGet Rating) by 7.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,356 shares of the industrial products company’s stock after selling 1,272 shares during the period. Texas Permanent School Fund owned about 0.07% of Apogee Enterprises worth $641,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Point72 Hong Kong Ltd raised its holdings in shares of Apogee Enterprises by 35.1% during the first quarter. Point72 Hong Kong Ltd now owns 1,300 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 338 shares during the period. Rhumbline Advisers raised its holdings in shares of Apogee Enterprises by 0.6% during the first quarter. Rhumbline Advisers now owns 70,989 shares of the industrial products company’s stock worth $3,369,000 after acquiring an additional 404 shares during the period. Teacher Retirement System of Texas raised its holdings in shares of Apogee Enterprises by 8.5% during the first quarter. Teacher Retirement System of Texas now owns 5,283 shares of the industrial products company’s stock worth $251,000 after acquiring an additional 414 shares during the period. Krane Funds Advisors LLC raised its holdings in shares of Apogee Enterprises by 4.0% during the first quarter. Krane Funds Advisors LLC now owns 17,351 shares of the industrial products company’s stock worth $823,000 after acquiring an additional 675 shares during the period. Finally, Engineers Gate Manager LP raised its holdings in shares of Apogee Enterprises by 4.0% during the first quarter. Engineers Gate Manager LP now owns 17,912 shares of the industrial products company’s stock worth $850,000 after acquiring an additional 689 shares during the period. 89.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Apogee Enterprises in a research note on Wednesday, October 12th. They issued a “strong-buy” rating on the stock.

Insider Transactions at Apogee Enterprises

In other news, Director Herbert K. Parker sold 12,000 shares of the business’s stock in a transaction dated Tuesday, October 18th. The shares were sold at an average price of $43.61, for a total transaction of $523,320.00. Following the transaction, the director now directly owns 21,955 shares in the company, valued at approximately $957,457.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.82% of the stock is owned by company insiders.

Apogee Enterprises Stock Up 0.8 %

Shares of APOG stock opened at $47.83 on Tuesday. The company has a current ratio of 1.82, a quick ratio of 1.40 and a debt-to-equity ratio of 0.70. Apogee Enterprises, Inc. has a 1 year low of $35.96 and a 1 year high of $50.44. The firm’s fifty day moving average price is $42.98 and its two-hundred day moving average price is $41.67. The firm has a market capitalization of $1.06 billion, a P/E ratio of 19.52 and a beta of 1.09.

Apogee Enterprises (NASDAQ:APOGGet Rating) last issued its quarterly earnings results on Tuesday, September 20th. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.17. Apogee Enterprises had a net margin of 3.95% and a return on equity of 21.94%. The firm had revenue of $372.10 million for the quarter, compared to analyst estimates of $342.84 million. During the same period in the previous year, the business earned $0.53 EPS. The company’s revenue was up 14.2% compared to the same quarter last year. On average, equities analysts predict that Apogee Enterprises, Inc. will post 3.92 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 9th. Stockholders of record on Tuesday, October 25th were paid a dividend of $0.22 per share. The ex-dividend date was Monday, October 24th. This represents a $0.88 annualized dividend and a dividend yield of 1.84%. Apogee Enterprises’s dividend payout ratio is presently 35.92%.

About Apogee Enterprises

(Get Rating)

Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass window; curtain wall; storefront; and entrance systems, such as the outside skin and entrances of commercial, institutional, and multi-family residential buildings.

Further Reading

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Institutional Ownership by Quarter for Apogee Enterprises (NASDAQ:APOG)

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