Jackson Creek Investment Advisors LLC Invests $1.43 Million in Apogee Enterprises, Inc. (NASDAQ:APOG)

Jackson Creek Investment Advisors LLC purchased a new stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,023 shares of the industrial products company's stock, valued at approximately $1,430,000. Jackson Creek Investment Advisors LLC owned 0.09% of Apogee Enterprises as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Apogee Enterprises during the 3rd quarter valued at $213,000. Farther Finance Advisors LLC increased its holdings in Apogee Enterprises by 2,602.0% in the third quarter. Farther Finance Advisors LLC now owns 1,351 shares of the industrial products company's stock valued at $95,000 after purchasing an additional 1,301 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Apogee Enterprises in the third quarter valued at about $1,800,000. Los Angeles Capital Management LLC grew its position in shares of Apogee Enterprises by 1.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 32,078 shares of the industrial products company's stock worth $2,246,000 after buying an additional 439 shares during the period. Finally, Royce & Associates LP grew its position in shares of Apogee Enterprises by 63.1% during the 3rd quarter. Royce & Associates LP now owns 22,197 shares of the industrial products company's stock worth $1,554,000 after buying an additional 8,589 shares during the period. Institutional investors own 94.05% of the company's stock.

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Apogee Enterprises Stock Performance

Shares of NASDAQ:APOG traded down $0.92 during trading on Tuesday, reaching $47.32. 212,692 shares of the stock were exchanged, compared to its average volume of 290,230. Apogee Enterprises, Inc. has a 12 month low of $45.33 and a 12 month high of $87.93. The stock has a 50-day moving average price of $53.08 and a 200-day moving average price of $67.26. The company has a current ratio of 1.63, a quick ratio of 1.27 and a debt-to-equity ratio of 0.52. The firm has a market cap of $1.04 billion, a PE ratio of 10.56 and a beta of 1.04.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last announced its earnings results on Tuesday, January 7th. The industrial products company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The company had revenue of $341.30 million for the quarter, compared to analysts' expectations of $332.27 million. During the same period last year, the firm earned $1.23 earnings per share. The business's revenue for the quarter was up .5% on a year-over-year basis. Research analysts expect that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Tuesday, January 28th were given a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, January 28th. This represents a $1.04 dividend on an annualized basis and a yield of 2.20%. This is a positive change from Apogee Enterprises's previous quarterly dividend of $0.25. Apogee Enterprises's dividend payout ratio (DPR) is currently 23.21%.

Analysts Set New Price Targets

APOG has been the topic of several recent analyst reports. DA Davidson reduced their price objective on shares of Apogee Enterprises from $75.00 to $62.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. StockNews.com downgraded Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a report on Thursday, January 9th. Sidoti upgraded shares of Apogee Enterprises from a "neutral" rating to a "buy" rating in a report on Friday, January 10th. Finally, Singular Research upgraded shares of Apogee Enterprises to a "moderate buy" rating in a report on Tuesday, January 14th.

Apogee Enterprises Company Profile

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).