KLP Kapitalforvaltning AS Takes $636,000 Position in Apogee Enterprises, Inc. (NASDAQ:APOG)

KLP Kapitalforvaltning AS bought a new position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 8,900 shares of the industrial products company's stock, valued at approximately $636,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Endeavor Private Wealth Inc. purchased a new position in shares of Apogee Enterprises in the fourth quarter worth $32,000. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Apogee Enterprises by 44.1% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,293 shares of the industrial products company's stock valued at $91,000 after acquiring an additional 396 shares during the period. KBC Group NV grew its stake in Apogee Enterprises by 46.7% during the 4th quarter. KBC Group NV now owns 1,282 shares of the industrial products company's stock valued at $92,000 after purchasing an additional 408 shares during the last quarter. Vestcor Inc acquired a new position in shares of Apogee Enterprises in the fourth quarter valued at about $106,000. Finally, Millburn Ridgefield Corp purchased a new position in shares of Apogee Enterprises in the third quarter worth about $131,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on APOG shares. Singular Research upgraded shares of Apogee Enterprises to a "moderate buy" rating in a report on Tuesday, January 14th. DA Davidson cut 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 cut shares of Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a report on Thursday, January 9th. Finally, Sidoti raised shares of Apogee Enterprises from a "neutral" rating to a "buy" rating in a report on Friday, January 10th.

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Apogee Enterprises Stock Performance

NASDAQ:APOG traded down $1.27 during trading hours on Monday, reaching $43.86. The company had a trading volume of 298,471 shares, compared to its average volume of 189,041. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.63 and a quick ratio of 1.27. Apogee Enterprises, Inc. has a 1-year low of $41.71 and a 1-year high of $87.93. The business's 50 day moving average price is $48.36 and its 200-day moving average price is $64.66. The firm has a market cap of $962.86 million, a PE ratio of 9.79 and a beta of 0.85.

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

Apogee Enterprises Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Tuesday, January 28th were given a dividend of $0.26 per share. The ex-dividend date was Tuesday, January 28th. This is a boost from Apogee Enterprises's previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.37%. Apogee Enterprises's dividend payout ratio (DPR) is 23.21%.

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).