American International Group Inc. Buys 1,224 Shares of Apogee Enterprises, Inc. (APOG)

American International Group Inc. raised its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 5.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,486 shares of the industrial products company’s stock after purchasing an additional 1,224 shares during the period. American International Group Inc. owned 0.08% of Apogee Enterprises worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Crossmark Global Holdings Inc. purchased a new stake in shares of Apogee Enterprises in the third quarter worth approximately $259,000. Cim Investment Mangement Inc. raised its holdings in shares of Apogee Enterprises by 83.8% in the second quarter. Cim Investment Mangement Inc. now owns 10,546 shares of the industrial products company’s stock worth $599,000 after buying an additional 4,807 shares during the period. Skylands Capital LLC raised its holdings in shares of Apogee Enterprises by 134.7% in the third quarter. Skylands Capital LLC now owns 191,050 shares of the industrial products company’s stock worth $9,220,000 after buying an additional 109,650 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Apogee Enterprises by 264.6% in the second quarter. JPMorgan Chase & Co. now owns 9,742 shares of the industrial products company’s stock worth $553,000 after buying an additional 7,070 shares during the period. Finally, Kennedy Capital Management Inc. grew its stake in Apogee Enterprises by 26.2% in the second quarter. Kennedy Capital Management Inc. now owns 465,079 shares of the industrial products company’s stock worth $26,435,000 after purchasing an additional 96,589 shares in the last quarter. Institutional investors and hedge funds own 99.02% of the company’s stock.

Shares of Apogee Enterprises, Inc. (NASDAQ:APOG) opened at $50.81 on Tuesday. The company has a current ratio of 1.86, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $1,383.44, a price-to-earnings ratio of 16.37, a price-to-earnings-growth ratio of 1.42 and a beta of 1.61. Apogee Enterprises, Inc. has a 52-week low of $40.03 and a 52-week high of $61.00.

Apogee Enterprises (NASDAQ:APOG) last announced its earnings results on Tuesday, September 19th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.04. The business had revenue of $343.91 million for the quarter, compared to analysts’ expectations of $349.97 million. Apogee Enterprises had a return on equity of 17.89% and a net margin of 6.57%. The business’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 EPS. equities research analysts forecast that Apogee Enterprises, Inc. will post 3.39 earnings per share for the current fiscal year.

APOG has been the topic of several research analyst reports. DA Davidson set a $52.00 price objective on Apogee Enterprises and gave the stock a “buy” rating in a research note on Thursday, August 24th. Zacks Investment Research cut Apogee Enterprises from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. ValuEngine cut Apogee Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, BidaskClub cut Apogee Enterprises from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $63.33.

COPYRIGHT VIOLATION WARNING: “American International Group Inc. Buys 1,224 Shares of Apogee Enterprises, Inc. (APOG)” was published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this story on another site, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://sportsperspectives.com/2017/12/19/american-international-group-inc-buys-1224-shares-of-apogee-enterprises-inc-apog.html.

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.

Want to see what other hedge funds are holding APOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apogee Enterprises, Inc. (NASDAQ:APOG).

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

Receive News & Ratings for Apogee Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apogee Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply