Apogee Enterprises Inc (APOG) Holdings Lifted by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY grew its holdings in Apogee Enterprises Inc (NASDAQ:APOG) by 362.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,264 shares of the industrial products company’s stock after acquiring an additional 7,259 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Apogee Enterprises were worth $277,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Bessemer Group Inc. purchased a new stake in shares of Apogee Enterprises in the fourth quarter valued at about $45,000. First Bank & Trust raised its holdings in shares of Apogee Enterprises by 73.1% in the fourth quarter. First Bank & Trust now owns 3,565 shares of the industrial products company’s stock valued at $106,000 after buying an additional 1,505 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Apogee Enterprises by 217.8% in the third quarter. Pacer Advisors Inc. now owns 4,545 shares of the industrial products company’s stock valued at $188,000 after buying an additional 3,115 shares during the last quarter. D. E. Shaw & Co. Inc. purchased a new stake in shares of Apogee Enterprises in the fourth quarter valued at about $217,000. Finally, WINTON GROUP Ltd purchased a new stake in shares of Apogee Enterprises in the fourth quarter valued at about $246,000. Hedge funds and other institutional investors own 96.50% of the company’s stock.

Shares of APOG stock traded up $0.77 during trading hours on Friday, hitting $40.89. The company’s stock had a trading volume of 218,153 shares, compared to its average volume of 246,461. The firm has a market capitalization of $1.07 billion, a PE ratio of 13.81, a P/E/G ratio of 1.26 and a beta of 1.62. Apogee Enterprises Inc has a twelve month low of $26.38 and a twelve month high of $50.87. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.63 and a quick ratio of 1.38.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings results on Thursday, April 11th. The industrial products company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.06). The business had revenue of $346.26 million during the quarter, compared to analyst estimates of $357.18 million. Apogee Enterprises had a net margin of 3.26% and a return on equity of 16.14%. During the same quarter in the prior year, the company earned $0.89 earnings per share. As a group, sell-side analysts anticipate that Apogee Enterprises Inc will post 3.1 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 16th will be given a $0.175 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $0.70 annualized dividend and a dividend yield of 1.71%. Apogee Enterprises’s dividend payout ratio is presently 23.65%.

A number of research analysts have recently issued reports on the stock. DA Davidson boosted their price target on shares of Apogee Enterprises to $35.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Sidoti lowered shares of Apogee Enterprises from a “buy” rating to a “neutral” rating in a research note on Monday, February 25th. BidaskClub upgraded shares of Apogee Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 19th. Finally, ValuEngine upgraded shares of Apogee Enterprises from a “strong sell” rating to a “sell” rating in a research note on Friday, February 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $45.25.

In related news, Director Jerome L. Davis sold 9,276 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $37.63, for a total transaction of $349,055.88. Following the transaction, the director now owns 17,251 shares of the company’s stock, valued at $649,155.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sara L. Hays sold 1,985 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $39.14, for a total transaction of $77,692.90. The disclosure for this sale can be found here. 2.90% of the stock is owned by corporate insiders.

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About Apogee Enterprises

Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. It operates through four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass window, curtainwall, storefront, and entrance systems comprising the outside skin and entrances of commercial, institutional, and multi-family residential buildings.

Further Reading: What is Cost of Goods Sold (COGS)?

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

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