Millburn Ridgefield Corp Acquires New Stake in Apogee Enterprises, Inc. (NASDAQ:APOG)

Millburn Ridgefield Corp bought a new position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 1,871 shares of the industrial products company’s stock, valued at approximately $131,000.

A number of other institutional investors have also recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in Apogee Enterprises by 43.2% in the third quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 163 shares during the last quarter. CWM LLC increased its position in shares of Apogee Enterprises by 19.9% during the third quarter. CWM LLC now owns 1,147 shares of the industrial products company’s stock worth $80,000 after buying an additional 190 shares during the period. Louisiana State Employees Retirement System raised its stake in Apogee Enterprises by 1.8% during the second quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the industrial products company’s stock worth $697,000 after buying an additional 200 shares during the last quarter. SummerHaven Investment Management LLC raised its stake in Apogee Enterprises by 1.5% during the second quarter. SummerHaven Investment Management LLC now owns 15,641 shares of the industrial products company’s stock worth $983,000 after buying an additional 231 shares during the last quarter. Finally, Diversified Trust Co lifted its holdings in Apogee Enterprises by 3.6% in the third quarter. Diversified Trust Co now owns 6,943 shares of the industrial products company’s stock valued at $486,000 after buying an additional 243 shares during the period. Institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Stock Down 0.7 %

Shares of NASDAQ:APOG opened at $83.81 on Wednesday. The firm has a market cap of $1.84 billion, a P/E ratio of 17.64 and a beta of 0.99. Apogee Enterprises, Inc. has a 52-week low of $46.25 and a 52-week high of $87.93. The business’s 50 day simple moving average is $78.83 and its two-hundred day simple moving average is $69.06. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.65.

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

Apogee Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Tuesday, October 22nd were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Tuesday, October 22nd. Apogee Enterprises’s payout ratio is currently 21.05%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. StockNews.com lowered Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. DA Davidson raised their price target on shares of Apogee Enterprises from $65.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th.

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).