Apogee Enterprises Inc (APOG) Shares Bought by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. grew its position in Apogee Enterprises Inc (NASDAQ:APOG) by 22.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,600 shares of the industrial products company’s stock after purchasing an additional 30,450 shares during the period. Tocqueville Asset Management L.P. owned approximately 0.59% of Apogee Enterprises worth $6,925,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in APOG. Amalgamated Bank bought a new stake in shares of Apogee Enterprises during the 2nd quarter valued at about $215,000. Janney Montgomery Scott LLC bought a new stake in Apogee Enterprises during the second quarter worth about $799,000. Crossmark Global Holdings Inc. bought a new stake in Apogee Enterprises during the second quarter worth about $215,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Apogee Enterprises during the second quarter worth about $288,000. Finally, Sei Investments Co. boosted its stake in Apogee Enterprises by 509.0% during the second quarter. Sei Investments Co. now owns 59,659 shares of the industrial products company’s stock worth $2,873,000 after acquiring an additional 49,863 shares in the last quarter. 98.32% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:APOG opened at $34.44 on Friday. Apogee Enterprises Inc has a one year low of $33.10 and a one year high of $51.33. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.33 and a current ratio of 1.73. The stock has a market cap of $988.64 million, a P/E ratio of 11.11, a price-to-earnings-growth ratio of 1.10 and a beta of 1.47.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data on Tuesday, September 18th. The industrial products company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.09). Apogee Enterprises had a return on equity of 16.96% and a net margin of 5.81%. The business had revenue of $362.10 million for the quarter, compared to the consensus estimate of $364.57 million. During the same period in the previous year, the firm earned $0.60 EPS. The company’s revenue was up 5.3% on a year-over-year basis. Research analysts anticipate that Apogee Enterprises Inc will post 3.2 EPS for the current fiscal year.

Apogee Enterprises declared that its Board of Directors has initiated a stock repurchase program on Wednesday, October 3rd that permits the company to repurchase 2,000,000 shares. This repurchase authorization permits the industrial products company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Several equities research analysts recently commented on APOG shares. DA Davidson set a $48.00 price objective on shares of Apogee Enterprises and gave the stock a “hold” rating in a research note on Wednesday, September 19th. TheStreet lowered shares of Apogee Enterprises from a “b” rating to a “c+” rating in a research note on Tuesday, October 2nd. ValuEngine lowered shares of Apogee Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday, September 18th. Zacks Investment Research raised shares of Apogee Enterprises from a “sell” rating to a “hold” rating in a research note on Tuesday, November 20th. Finally, BidaskClub lowered shares of Apogee Enterprises from a “hold” rating to a “sell” rating in a research note on Saturday, September 15th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $50.25.

In other news, Director Herbert K. Parker bought 7,000 shares of the firm’s stock in a transaction on Monday, October 29th. The stock was acquired at an average cost of $33.38 per share, with a total value of $233,660.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.90% of the stock is currently owned by 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.

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

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