Harvest Fund Management Co. Ltd Makes New Investment in Apogee Enterprises, Inc. (NASDAQ:APOG)

Harvest Fund Management Co. Ltd purchased a new stake in Apogee Enterprises, Inc. (NASDAQ:APOG) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 825 shares of the industrial products company’s stock, valued at approximately $58,000.

Several other large investors have also recently made changes to their positions in APOG. Pacer Advisors Inc. increased its holdings in Apogee Enterprises by 15.5% in the 2nd quarter. Pacer Advisors Inc. now owns 917,000 shares of the industrial products company’s stock valued at $57,620,000 after purchasing an additional 122,811 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Apogee Enterprises by 23.2% in the second quarter. American Century Companies Inc. now owns 528,769 shares of the industrial products company’s stock valued at $33,225,000 after buying an additional 99,495 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Apogee Enterprises by 70.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 162,379 shares of the industrial products company’s stock valued at $11,369,000 after buying an additional 67,295 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Apogee Enterprises by 1,004.1% in the 2nd quarter. Renaissance Technologies LLC now owns 72,683 shares of the industrial products company’s stock valued at $4,567,000 after buying an additional 66,100 shares during the period. Finally, Foundry Partners LLC acquired a new position in Apogee Enterprises during the 3rd quarter worth about $4,182,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on APOG shares. DA Davidson boosted their price target on shares of Apogee Enterprises from $65.00 to $75.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. StockNews.com cut shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th.

Apogee Enterprises Stock Down 1.7 %

Apogee Enterprises stock opened at $83.78 on Thursday. The firm has a market capitalization of $1.84 billion, a P/E ratio of 17.76 and a beta of 0.97. The stock’s fifty day simple moving average is $77.21 and its 200-day simple moving average is $68.44. Apogee Enterprises, Inc. has a twelve month low of $44.46 and a twelve month high of $87.93. The company has a current ratio of 1.65, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings results on Friday, October 4th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.21. Apogee Enterprises had a return on equity of 24.12% and a net margin of 7.58%. The company had revenue of $342.40 million for the quarter, compared to analyst estimates of $335.31 million. During the same quarter last year, the company earned $1.36 EPS. Apogee Enterprises’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, equities analysts expect that Apogee Enterprises, Inc. will post 5.06 earnings per share for the current fiscal year.

Apogee Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Tuesday, October 22nd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.19%. The ex-dividend date was Tuesday, October 22nd. Apogee Enterprises’s dividend payout ratio (DPR) is presently 21.05%.

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).