Allspring Global Investments Holdings LLC Sells 7,594 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Allspring Global Investments Holdings LLC decreased its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 10.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 66,139 shares of the industrial products company's stock after selling 7,594 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.30% of Apogee Enterprises worth $4,723,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. CWM LLC grew its position in shares of Apogee Enterprises by 19.9% during the 3rd quarter. CWM LLC now owns 1,147 shares of the industrial products company's stock worth $80,000 after buying an additional 190 shares during the period. Moran Wealth Management LLC boosted its stake in Apogee Enterprises by 0.3% in the third quarter. Moran Wealth Management LLC now owns 98,367 shares of the industrial products company's stock valued at $6,887,000 after acquiring an additional 304 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings in Apogee Enterprises by 44.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,293 shares of the industrial products company's stock worth $91,000 after acquiring an additional 396 shares during the period. KBC Group NV raised its position in shares of 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 acquiring an additional 408 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in shares of Apogee Enterprises by 1.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 32,078 shares of the industrial products company's stock valued at $2,246,000 after purchasing an additional 439 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Apogee Enterprises Stock Down 1.6 %

Shares of Apogee Enterprises stock traded down $0.80 on Friday, hitting $48.19. The company had a trading volume of 262,649 shares, compared to its average volume of 306,087. The stock has a 50-day moving average of $59.15 and a 200-day moving average of $68.43. 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 twelve month low of $47.63 and a twelve month high of $87.93. The firm has a market capitalization of $1.06 billion, a P/E ratio of 10.76 and a beta of 1.01.

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

Apogee Enterprises Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Tuesday, January 28th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date was Tuesday, January 28th. 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%.

Analyst Ratings Changes

A number of equities research analysts recently commented on APOG shares. 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 research note on Wednesday, January 8th. Sidoti upgraded Apogee Enterprises from a "neutral" rating to a "buy" rating in a research report on Friday, January 10th. Singular Research upgraded shares of Apogee Enterprises to a "moderate buy" rating in a research report on Tuesday, January 14th. Finally, StockNews.com lowered shares of Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a report on Thursday, January 9th.

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).