Skandinaviska Enskilda Banken AB publ Invests $902,000 in Apogee Enterprises, Inc. (NASDAQ:APOG)

Posted by Defense World Staff on Feb 24th, 2023

Skandinaviska Enskilda Banken AB publ bought a new position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG – Get Rating) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 23,600 shares of the industrial products company’s stock, valued at approximately $902,000. Skandinaviska Enskilda Banken AB publ owned 0.11% of Apogee Enterprises as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Apogee Enterprises by 6.8% during the first quarter. Vanguard Group Inc. now owns 2,868,027 shares of the industrial products company’s stock worth $136,117,000 after acquiring an additional 182,687 shares during the period. Dimensional Fund Advisors LP grew its holdings in Apogee Enterprises by 2.1% during the third quarter. Dimensional Fund Advisors LP now owns 1,455,186 shares of the industrial products company’s stock worth $55,617,000 after acquiring an additional 30,106 shares during the period. Bank of New York Mellon Corp grew its holdings in Apogee Enterprises by 0.5% during the first quarter. Bank of New York Mellon Corp now owns 364,212 shares of the industrial products company’s stock worth $17,285,000 after acquiring an additional 1,767 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Apogee Enterprises by 1.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 349,592 shares of the industrial products company’s stock valued at $16,592,000 after purchasing an additional 5,114 shares during the period. Finally, Invesco Ltd. grew its holdings in Apogee Enterprises by 5.4% in the first quarter. Invesco Ltd. now owns 157,623 shares of the industrial products company’s stock valued at $7,481,000 after purchasing an additional 8,078 shares during the period. 88.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Apogee Enterprises

In other Apogee Enterprises news, insider Brent C. Jewell sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $45.36, for a total value of $204,120.00. Following the sale, the insider now directly owns 10,816 shares of the company’s stock, valued at $490,613.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.82% of the stock is owned by corporate insiders.

Apogee Enterprises Stock Up 0.8 %

Shares of APOG opened at $46.36 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.34 and a debt-to-equity ratio of 0.54. Apogee Enterprises, Inc. has a 12 month low of $35.96 and a 12 month high of $50.23. The stock’s 50 day moving average is $45.52 and its two-hundred day moving average is $44.29. The firm has a market cap of $1.03 billion, a P/E ratio of 15.05 and a beta of 1.11.

Apogee Enterprises (NASDAQ:APOG – Get Rating) last issued its quarterly earnings data on Thursday, December 22nd. The industrial products company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.98 by $0.09. Apogee Enterprises had a return on equity of 25.58% and a net margin of 4.75%. The company had revenue of $367.85 million for the quarter, compared to analyst estimates of $354.60 million. Analysts predict that Apogee Enterprises, Inc. will post 3.96 earnings per share for the current fiscal year.

Apogee Enterprises Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Tuesday, January 31st were issued a $0.24 dividend. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 2.07%. The ex-dividend date was Monday, January 30th. Apogee Enterprises’s dividend payout ratio (DPR) is presently 31.17%.

Apogee Enterprises Profile

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Apogee Enterprises, Inc engages in the design and development of architectural products and services. It also provides architectural glass, aluminum framing systems and installation services for buildings, as well as value-added glazing products for custom picture framing. The company operates through the following segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies.