International Assets Investment Management LLC Invests $22.26 Million in Apogee Enterprises, Inc. (NASDAQ:APOG)

International Assets Investment Management LLC purchased a new stake in Apogee Enterprises, Inc. (NASDAQ:APOG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 41,682 shares of the industrial products company’s stock, valued at approximately $22,260,000. International Assets Investment Management LLC owned 0.19% of Apogee Enterprises as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale purchased a new position in shares of Apogee Enterprises in the 3rd quarter valued at $56,000. Skandinaviska Enskilda Banken AB publ purchased a new position in Apogee Enterprises in the third quarter valued at about $231,000. Olympiad Research LP acquired a new position in shares of Apogee Enterprises during the third quarter worth about $234,000. Keybank National Association OH purchased a new stake in shares of Apogee Enterprises in the third quarter worth about $273,000. Finally, Diversified Trust Co grew its stake in shares of Apogee Enterprises by 7.8% in the fourth quarter. Diversified Trust Co now owns 6,127 shares of the industrial products company’s stock valued at $327,000 after buying an additional 445 shares in the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Apogee Enterprises Stock Performance

Apogee Enterprises stock opened at $63.54 on Friday. The firm has a market capitalization of $1.41 billion, a PE ratio of 14.09 and a beta of 1.07. Apogee Enterprises, Inc. has a one year low of $36.62 and a one year high of $64.30. The stock’s 50 day moving average price is $58.59 and its 200 day moving average price is $52.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.18 and a current ratio of 1.47.

Apogee Enterprises (NASDAQ:APOG) last posted its earnings results on Thursday, April 18th. The industrial products company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.17. Apogee Enterprises had a net margin of 7.03% and a return on equity of 23.84%. The business had revenue of $361.80 million for the quarter, compared to analysts’ expectations of $337.84 million. During the same period in the previous year, the company posted $0.86 earnings per share. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, sell-side analysts expect that Apogee Enterprises, Inc. will post 4.57 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 21st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Monday, May 20th. Apogee Enterprises’s payout ratio is 22.17%.

Insider Buying and Selling

In other Apogee Enterprises news, insider Brent C. Jewell sold 7,500 shares of Apogee Enterprises stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $61.79, for a total transaction of $463,425.00. Following the sale, the insider now directly owns 66 shares in the company, valued at approximately $4,078.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Apogee Enterprises news, insider Brent C. Jewell sold 7,500 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $61.79, for a total transaction of $463,425.00. Following the transaction, the insider now directly owns 66 shares in the company, valued at approximately $4,078.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Herbert K. Parker sold 15,728 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $60.35, for a total transaction of $949,184.80. Following the completion of the sale, the director now directly owns 8,636 shares of the company’s stock, valued at approximately $521,182.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,025 shares of company stock worth $2,374,896. 2.00% of the stock is currently owned by corporate insiders.

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).