Raymond James Financial Inc. bought a new position in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,884 shares of the industrial products company's stock, valued at approximately $706,000.
Other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. lifted its position in Apogee Enterprises by 7.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,155,967 shares of the industrial products company's stock valued at $82,548,000 after acquiring an additional 75,438 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its position in shares of Apogee Enterprises by 82.7% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 7,165 shares of the industrial products company's stock worth $512,000 after purchasing an additional 3,243 shares in the last quarter. Principal Financial Group Inc. grew its stake in Apogee Enterprises by 3.9% during the 4th quarter. Principal Financial Group Inc. now owns 117,770 shares of the industrial products company's stock worth $8,410,000 after buying an additional 4,373 shares during the last quarter. Caprock Group LLC acquired a new position in Apogee Enterprises during the 4th quarter valued at about $225,000. Finally, KBC Group NV raised its position in shares of Apogee Enterprises by 46.7% in 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. 94.05% of the stock is owned by hedge funds and other institutional investors.
Apogee Enterprises Stock Performance
APOG stock traded down $0.57 during midday trading on Thursday, hitting $46.24. 180,003 shares of the stock traded hands, compared to its average volume of 190,765. Apogee Enterprises, Inc. has a 1-year low of $42.33 and a 1-year high of $87.93. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.63 and a quick ratio of 1.27. The stock's fifty day simple moving average is $47.73 and its 200-day simple moving average is $63.94. The firm has a market cap of $1.02 billion, a P/E ratio of 10.32 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 EPS for the quarter, beating analysts' consensus estimates of $1.11 by $0.08. The firm had revenue of $341.30 million for the quarter, compared to analysts' expectations of $332.27 million. Apogee Enterprises had a return on equity of 23.14% and a net margin of 7.14%. The company's quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the firm earned $1.23 EPS. On average, analysts expect that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on APOG. StockNews.com lowered shares of Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a research note on Thursday, January 9th. Singular Research upgraded Apogee Enterprises to a "moderate buy" rating in a research note on Tuesday, January 14th. DA Davidson decreased their price objective on Apogee Enterprises from $75.00 to $62.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Finally, Sidoti upgraded Apogee Enterprises from a "neutral" rating to a "buy" rating in a research report on Friday, January 10th.
Read Our Latest Research Report on Apogee Enterprises
Apogee Enterprises Profile
(
Free Report)
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).
Further Reading
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