Los Angeles Capital Management LLC Has $1.39 Million Stock Holdings in Apogee Enterprises, Inc. (NASDAQ:APOG)

Los Angeles Capital Management LLC cut its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,078 shares of the industrial products company’s stock after selling 1,790 shares during the period. Los Angeles Capital Management LLC owned 0.12% of Apogee Enterprises worth $1,393,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in APOG. Victory Capital Management Inc. bought a new stake in Apogee Enterprises in the 3rd quarter valued at $48,063,000. Pacer Advisors Inc. boosted its holdings in shares of Apogee Enterprises by 69.8% during the 4th quarter. Pacer Advisors Inc. now owns 537,470 shares of the industrial products company’s stock worth $28,706,000 after buying an additional 220,898 shares during the period. Assenagon Asset Management S.A. grew its stake in Apogee Enterprises by 695.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 202,078 shares of the industrial products company’s stock valued at $9,514,000 after buying an additional 176,667 shares during the last quarter. American Century Companies Inc. lifted its position in Apogee Enterprises by 79.2% during the third quarter. American Century Companies Inc. now owns 198,272 shares of the industrial products company’s stock worth $9,335,000 after acquiring an additional 87,650 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Apogee Enterprises by 32.3% during the third quarter. Invesco Ltd. now owns 294,513 shares of the industrial products company’s stock worth $13,866,000 after acquiring an additional 71,915 shares during the period. Institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Price Performance

Shares of NASDAQ APOG opened at $64.92 on Wednesday. The business’s 50 day moving average is $58.92 and its 200-day moving average is $53.29. The firm has a market cap of $1.44 billion, a P/E ratio of 14.39 and a beta of 1.07. Apogee Enterprises, Inc. has a 1-year low of $36.62 and a 1-year high of $65.23. The company has a current ratio of 1.47, a quick ratio of 1.18 and a debt-to-equity ratio of 0.13.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly 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 business had revenue of $361.80 million for the quarter, compared to analyst estimates of $337.84 million. During the same quarter last year, the business posted $0.86 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities research analysts predict that Apogee Enterprises, Inc. will post 4.57 earnings per share for the current year.

Apogee Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Investors 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 yield of 1.54%. The ex-dividend date of this dividend is Monday, May 20th. Apogee Enterprises’s dividend payout ratio is 22.17%.

Insider Transactions at Apogee Enterprises

In other Apogee Enterprises news, CEO Ty R. Silberhorn sold 10,679 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $63.10, for a total transaction of $673,844.90. Following the sale, the chief executive officer now directly owns 110,806 shares of the company’s stock, valued at approximately $6,991,858.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Curtis John Dobler sold 3,548 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $62.67, for a total value of $222,353.16. Following the sale, the executive vice president now directly owns 30,369 shares in the company, valued at $1,903,225.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ty R. Silberhorn sold 10,679 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $63.10, for a total transaction of $673,844.90. Following the completion of the transaction, the chief executive officer now owns 110,806 shares in the company, valued at approximately $6,991,858.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,252 shares of company stock worth $4,786,214. Insiders own 2.00% of the company’s stock.

About Apogee Enterprises

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).