State Street Corp Acquires 37,383 Shares of Apogee Enterprises, Inc. (APOG)

State Street Corp raised its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 3.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,099,051 shares of the industrial products company’s stock after buying an additional 37,383 shares during the period. State Street Corp’s holdings in Apogee Enterprises were worth $65,517,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of APOG. Bank of America Corp DE raised its position in shares of Apogee Enterprises by 24.8% in the first quarter. Bank of America Corp DE now owns 335,527 shares of the industrial products company’s stock valued at $20,001,000 after buying an additional 66,763 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Apogee Enterprises by 1.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 162,248 shares of the industrial products company’s stock valued at $9,672,000 after buying an additional 3,091 shares during the last quarter. BlackRock Inc. raised its position in shares of Apogee Enterprises by 19,368.0% in the first quarter. BlackRock Inc. now owns 4,227,467 shares of the industrial products company’s stock valued at $252,000,000 after buying an additional 4,205,752 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Apogee Enterprises by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,297,609 shares of the industrial products company’s stock valued at $77,350,000 after buying an additional 5,046 shares during the last quarter. Finally, Kennedy Capital Management Inc. raised its position in shares of Apogee Enterprises by 7.0% in the first quarter. Kennedy Capital Management Inc. now owns 368,490 shares of the industrial products company’s stock valued at $21,966,000 after buying an additional 24,094 shares during the last quarter.

Apogee Enterprises, Inc. (NASDAQ:APOG) opened at 54.04 on Thursday. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 18.51 and a beta of 1.58. Apogee Enterprises, Inc. has a 12 month low of $39.88 and a 12 month high of $61.00. The company’s 50-day moving average is $55.55 and its 200 day moving average is $55.97.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings results on Thursday, June 22nd. The industrial products company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by $0.09. Apogee Enterprises had a return on equity of 18.59% and a net margin of 7.39%. The firm had revenue of $272.30 million for the quarter, compared to analyst estimates of $271.13 million. During the same period last year, the company earned $0.61 EPS. The company’s revenue was up 9.9% compared to the same quarter last year. Equities analysts forecast that Apogee Enterprises, Inc. will post $3.38 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 25th. Stockholders of record on Monday, July 10th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Thursday, July 6th. Apogee Enterprises’s dividend payout ratio is currently 19.24%.

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Several equities analysts recently weighed in on the stock. BidaskClub lowered shares of Apogee Enterprises from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. ValuEngine raised shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Zacks Investment Research raised shares of Apogee Enterprises from a “hold” rating to a “strong-buy” rating and set a $65.00 price objective on the stock in a research report on Monday, June 19th. Finally, Sidoti assumed coverage on shares of Apogee Enterprises in a research report on Thursday, May 25th. They set a “buy” rating and a $70.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Apogee Enterprises currently has a consensus rating of “Buy” and an average price target of $64.75.

In other news, Director Jerome L. Davis sold 18,706 shares of the company’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $55.04, for a total transaction of $1,029,578.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Joseph F. Puishys sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $56.06, for a total value of $2,242,400.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 198,706 shares of company stock worth $11,114,178. Company insiders own 3.70% of the company’s stock.

About Apogee Enterprises

Apogee Enterprises, Inc is engaged in the design and development of glass solutions for enclosing commercial buildings and framing art. The Company operates through four segments: Architectural Glass, Architectural Services, Architectural Framing Systems and Large-Scale Optical Technologies (LSO). The Architectural Glass segment fabricates coated glass used in customized window and wall systems.

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

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