Apogee Enterprises, Inc. (NASDAQ:APOG) Stock Holdings Increased by American Century Companies Inc.

American Century Companies Inc. grew its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 12.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 692,139 shares of the industrial products company's stock after acquiring an additional 79,009 shares during the period. American Century Companies Inc. owned about 3.15% of Apogee Enterprises worth $49,426,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of APOG. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Apogee Enterprises by 44.1% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,293 shares of the industrial products company's stock valued at $91,000 after purchasing an additional 396 shares during the last quarter. KBC Group NV boosted its stake 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 buying an additional 408 shares during the last quarter. Endeavor Private Wealth Inc. purchased a new position in shares of Apogee Enterprises during the 4th quarter valued at approximately $32,000. Diversified Trust Co grew its position in shares of Apogee Enterprises by 10.5% during the fourth quarter. Diversified Trust Co now owns 7,673 shares of the industrial products company's stock worth $548,000 after buying an additional 730 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Apogee Enterprises in the third quarter worth $58,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Analyst Ratings Changes

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

Apogee Enterprises Stock Performance

Shares of NASDAQ:APOG traded down $0.87 on Friday, reaching $46.67. 181,574 shares of the company's stock were exchanged, compared to its average volume of 186,492. The business's 50-day moving average is $49.52 and its two-hundred day moving average is $65.55. The company has a quick ratio of 1.27, a current ratio of 1.63 and a debt-to-equity ratio of 0.52. Apogee Enterprises, Inc. has a fifty-two week low of $45.33 and a fifty-two week high of $87.93. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 10.42 and a beta of 1.04.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last released its quarterly earnings data on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share 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 firm had revenue of $341.30 million for the quarter, compared to analyst estimates of $332.27 million. During the same quarter in the prior year, the business earned $1.23 earnings per share. Apogee Enterprises's quarterly revenue was up .5% on a year-over-year basis. As a group, equities research analysts forecast that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Increases Dividend

The company also recently declared 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 represents a $1.04 annualized dividend and a dividend yield of 2.23%. This is a positive change from Apogee Enterprises's previous quarterly dividend of $0.25. Apogee Enterprises's dividend payout ratio is currently 23.21%.

Apogee Enterprises 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).