BNP Paribas Financial Markets Grows Holdings in Apogee Enterprises, Inc. (NASDAQ:APOG)

BNP Paribas Financial Markets grew its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 17.5% in the fourth quarter, Holdings Channel reports. The firm owned 38,395 shares of the industrial products company’s stock after acquiring an additional 5,710 shares during the period. BNP Paribas Financial Markets’ holdings in Apogee Enterprises were worth $2,051,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. purchased a new stake in Apogee Enterprises in the 3rd quarter valued at about $48,063,000. Los Angeles Capital Management LLC boosted its holdings in shares of Apogee Enterprises by 147.5% in the third quarter. Los Angeles Capital Management LLC now owns 27,868 shares of the industrial products company’s stock valued at $1,312,000 after purchasing an additional 16,610 shares during the period. Assenagon Asset Management S.A. grew its stake in Apogee Enterprises by 695.2% in the third quarter. Assenagon Asset Management S.A. now owns 202,078 shares of the industrial products company’s stock worth $9,514,000 after purchasing an additional 176,667 shares in the last quarter. Versor Investments LP bought a new position in Apogee Enterprises in the third quarter worth approximately $331,000. Finally, Illinois Municipal Retirement Fund purchased a new position in Apogee Enterprises during the 3rd quarter worth $628,000. 94.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Apogee Enterprises

In other news, Director Herbert K. Parker sold 15,728 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $60.35, for a total value of $949,184.80. Following the completion of the transaction, the director now directly owns 8,636 shares of the company’s stock, valued at approximately $521,182.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Apogee Enterprises news, Director Herbert K. Parker sold 15,728 shares of Apogee Enterprises stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $60.35, for a total value of $949,184.80. Following the transaction, the director now owns 8,636 shares in the company, valued at $521,182.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Curtis John Dobler sold 3,797 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $60.46, for a total transaction of $229,566.62. Following the completion of the transaction, the executive vice president now owns 32,653 shares of the company’s stock, valued at $1,974,200.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,252 shares of company stock valued at $4,786,214. 2.00% of the stock is currently owned by corporate insiders.

Apogee Enterprises Price Performance

Shares of APOG stock opened at $67.03 on Friday. Apogee Enterprises, Inc. has a twelve month low of $36.62 and a twelve month high of $67.92. The company has a current ratio of 1.47, a quick ratio of 1.18 and a debt-to-equity ratio of 0.13. The stock has a fifty day simple moving average of $61.36 and a two-hundred day simple moving average of $55.26. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 14.86 and a beta of 1.07.

Apogee Enterprises (NASDAQ:APOG) last issued its earnings results on Thursday, April 18th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.17. Apogee Enterprises had a net margin of 7.03% and a return on equity of 23.84%. The company had revenue of $361.80 million for the quarter, compared to analysts’ expectations of $337.84 million. During the same period in the prior year, the business earned $0.86 EPS. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts predict that Apogee Enterprises, Inc. will post 4.57 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, May 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.49%. Apogee Enterprises’s dividend payout ratio is currently 22.17%.

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).