Swiss National Bank Acquires 900 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Swiss National Bank boosted its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG – Get Rating) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,500 shares of the industrial products company’s stock after buying an additional 900 shares during the quarter. Swiss National Bank owned approximately 0.24% of Apogee Enterprises worth $2,379,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in APOG. Russell Investments Group Ltd. boosted its stake in shares of Apogee Enterprises by 14.5% during the 4th quarter. Russell Investments Group Ltd. now owns 19,125 shares of the industrial products company’s stock worth $850,000 after acquiring an additional 2,426 shares during the last quarter. Arizona State Retirement System lifted its position in Apogee Enterprises by 3.6% during the fourth quarter. Arizona State Retirement System now owns 6,252 shares of the industrial products company’s stock valued at $278,000 after purchasing an additional 220 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Apogee Enterprises by 4.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 9,867 shares of the industrial products company’s stock valued at $439,000 after purchasing an additional 416 shares during the period. Arjuna Capital increased its position in Apogee Enterprises by 3.9% in the fourth quarter. Arjuna Capital now owns 37,067 shares of the industrial products company’s stock worth $1,648,000 after buying an additional 1,400 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Apogee Enterprises by 33.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,091 shares of the industrial products company’s stock worth $182,000 after buying an additional 1,020 shares during the period. 88.38% of the stock is owned by hedge funds and other institutional investors.

Apogee Enterprises Stock Performance

NASDAQ:APOG opened at $38.31 on Thursday. The stock has a 50-day moving average price of $41.28 and a 200 day moving average price of $44.31. The stock has a market capitalization of $853.55 million, a P/E ratio of 8.22 and a beta of 1.10. Apogee Enterprises, Inc. has a 12-month low of $35.96 and a 12-month high of $49.65. The company has a current ratio of 1.58, a quick ratio of 1.26 and a debt-to-equity ratio of 0.43.

Apogee Enterprises (NASDAQ:APOG – Get Rating) last announced its quarterly earnings data on Wednesday, April 12th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. Apogee Enterprises had a net margin of 7.23% and a return on equity of 24.49%. The business had revenue of $344.10 million during the quarter, compared to analyst estimates of $346.58 million. During the same period last year, the firm posted $0.91 EPS. The company’s revenue was up 4.9% on a year-over-year basis. Equities research analysts forecast that Apogee Enterprises, Inc. will post 3.96 EPS for the current fiscal year.

Apogee Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 24th. Shareholders of record on Tuesday, May 9th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend was Monday, May 8th. Apogee Enterprises’s dividend payout ratio is presently 20.60%.

Insiders Place Their Bets

In other news, SVP Gary Robert Johnson sold 1,428 shares of the stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $42.73, for a total transaction of $61,018.44. Following the completion of the transaction, the senior vice president now directly owns 37,642 shares in the company, valued at approximately $1,608,442.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Apogee Enterprises news, SVP Gary Robert Johnson sold 1,428 shares of the business’s stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $42.73, for a total transaction of $61,018.44. Following the sale, the senior vice president now directly owns 37,642 shares of the company’s stock, valued at $1,608,442.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark Richard Augdahl acquired 1,334 shares of the stock in a transaction dated Wednesday, April 12th. The stock was bought at an average cost of $41.75 per share, with a total value of $55,694.50. Following the completion of the purchase, the chief financial officer now directly owns 8,508 shares in the company, valued at $355,209. The disclosure for this purchase can be found here. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on APOG. Craig Hallum boosted their price objective on Apogee Enterprises from $45.00 to $46.00 and gave the company a “hold” rating in a research note on Thursday, April 13th. StockNews.com began coverage on shares of Apogee Enterprises in a research note on Thursday, May 18th. They issued a “strong-buy” rating for the company. Finally, DA Davidson restated a “neutral” rating on shares of Apogee Enterprises in a research note on Thursday, April 13th.

Apogee Enterprises Profile

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Apogee Enterprises, Inc engages in the design and development of architectural products and services. It also provides architectural glass, aluminum framing systems and installation services for buildings, as well as value-added glazing products for custom picture framing. The company operates through the following segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies.