Apogee Enterprises, Inc. (APOG) is Falcon Point Capital LLC’s 8th Largest Position

Falcon Point Capital LLC cut its stake in Apogee Enterprises, Inc. (NASDAQ:APOG) by 20.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 358,647 shares of the industrial products company’s stock after selling 92,408 shares during the period. Apogee Enterprises makes up 2.8% of Falcon Point Capital LLC’s investment portfolio, making the stock its 8th largest position. Falcon Point Capital LLC owned 1.24% of Apogee Enterprises worth $20,385,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Forward Management LLC bought a new stake in shares of Apogee Enterprises during the second quarter valued at approximately $137,000. Ameritas Investment Partners Inc. bought a new stake in shares of Apogee Enterprises during the first quarter valued at approximately $146,000. State of Alaska Department of Revenue increased its stake in shares of Apogee Enterprises by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 3,180 shares of the industrial products company’s stock valued at $189,000 after buying an additional 60 shares during the period. Janney Capital Management LLC bought a new stake in shares of Apogee Enterprises during the second quarter valued at approximately $208,000. Finally, Teza Capital Management LLC bought a new stake in shares of Apogee Enterprises during the first quarter valued at approximately $234,000.

Shares of Apogee Enterprises, Inc. (NASDAQ APOG) opened at 51.42 on Friday. The stock has a market capitalization of $1.48 billion, a P/E ratio of 17.61 and a beta of 1.56. Apogee Enterprises, Inc. has a 52 week low of $39.88 and a 52 week high of $61.00. The stock has a 50 day moving average price of $53.65 and a 200 day moving average price of $55.57.

Apogee Enterprises (NASDAQ:APOG) last announced its earnings results on Thursday, June 22nd. The industrial products company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by $0.09. The company had revenue of $272.30 million for the quarter, compared to analysts’ expectations of $271.13 million. Apogee Enterprises had a net margin of 7.39% and a return on equity of 18.59%. Apogee Enterprises’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 earnings per share. On average, equities research analysts expect that Apogee Enterprises, Inc. will post $3.38 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Monday, July 10th were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, July 6th. This represents a $0.56 dividend on an annualized basis and a yield of 1.09%. Apogee Enterprises’s dividend payout ratio is presently 19.24%.

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Several analysts have recently commented on APOG shares. ValuEngine raised Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Sidoti started coverage on Apogee Enterprises in a research note on Thursday, May 25th. They issued a “buy” rating and a $70.00 price objective for the company. Zacks Investment Research raised Apogee Enterprises from a “sell” rating to a “hold” rating in a research note on Friday, April 21st. Finally, BidaskClub downgraded Apogee Enterprises from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $64.75.

In other Apogee Enterprises news, Director Jerome L. Davis sold 18,706 shares of the business’s stock in a transaction on Friday, July 7th. The shares were sold at an average price of $55.04, for a total transaction of $1,029,578.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.70% of the stock is currently owned by insiders.

About Apogee Enterprises

Apogee Enterprises, Inc is engaged in the design and development of glass solutions for enclosing commercial buildings and framing art. The Company operates through four segments: Architectural Glass, Architectural Services, Architectural Framing Systems and Large-Scale Optical Technologies (LSO). The Architectural Glass segment fabricates coated glass used in customized window and wall systems.

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

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