Tokio Marine Asset Management Co. Ltd. Has $495,000 Position in Apogee Enterprises Inc (NASDAQ:APOG)

Tokio Marine Asset Management Co. Ltd. lifted its stake in Apogee Enterprises Inc (NASDAQ:APOG) by 21.3% in the second quarter, HoldingsChannel.com reports. The firm owned 11,400 shares of the industrial products company’s stock after purchasing an additional 2,000 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Apogee Enterprises were worth $495,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. increased its holdings in shares of Apogee Enterprises by 105.5% in the first quarter. PNC Financial Services Group Inc. now owns 937 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 481 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Apogee Enterprises by 475.4% in the first quarter. Versant Capital Management Inc now owns 1,053 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 870 shares in the last quarter. Cutler Group LP acquired a new stake in shares of Apogee Enterprises in the first quarter valued at approximately $48,000. ETF Managers Group LLC increased its holdings in shares of Apogee Enterprises by 460.1% in the first quarter. ETF Managers Group LLC now owns 3,327 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 2,733 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Apogee Enterprises in the second quarter valued at approximately $201,000. 97.58% of the stock is owned by institutional investors and hedge funds.

APOG traded down $0.12 during trading on Tuesday, reaching $37.89. 2,004 shares of the company’s stock were exchanged, compared to its average volume of 181,424. The firm has a fifty day moving average of $41.02. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.47. Apogee Enterprises Inc has a fifty-two week low of $26.38 and a fifty-two week high of $50.84. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 1.28 and a beta of 1.66.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Thursday, June 27th. The industrial products company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Apogee Enterprises had a net margin of 3.22% and a return on equity of 16.04%. The firm had revenue of $355.40 million during the quarter, compared to analyst estimates of $324.39 million. During the same quarter in the previous year, the business earned $0.62 EPS. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities research analysts forecast that Apogee Enterprises Inc will post 3.04 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 16th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend was Monday, July 15th. Apogee Enterprises’s dividend payout ratio is presently 23.65%.

APOG has been the subject of a number of research reports. TheStreet raised shares of Apogee Enterprises from a “c” rating to a “b-” rating in a report on Thursday, June 27th. BidaskClub lowered shares of Apogee Enterprises from a “hold” rating to a “sell” rating in a report on Saturday, July 13th. DA Davidson raised their price target on shares of Apogee Enterprises to $35.00 and gave the company a “neutral” rating in a report on Friday, April 12th. ValuEngine lowered shares of Apogee Enterprises from a “hold” rating to a “sell” rating in a report on Wednesday, July 17th. Finally, Craig Hallum raised their price target on shares of Apogee Enterprises from $46.00 to $52.00 and gave the company a “buy” rating in a report on Friday, June 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Apogee Enterprises currently has a consensus rating of “Hold” and a consensus price target of $43.33.

Apogee Enterprises Profile

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.

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

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