Amundi Purchases 7,538 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Amundi boosted its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 160.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,250 shares of the industrial products company's stock after buying an additional 7,538 shares during the period. Amundi owned approximately 0.06% of Apogee Enterprises worth $875,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of APOG. Jackson Creek Investment Advisors LLC bought a new stake in Apogee Enterprises during the 4th quarter worth approximately $1,430,000. Raymond James Financial Inc. bought a new position in shares of Apogee Enterprises in the fourth quarter worth $706,000. Victory Capital Management Inc. raised its position in shares of Apogee Enterprises by 7.0% in the fourth quarter. Victory Capital Management Inc. now owns 1,155,967 shares of the industrial products company's stock worth $82,548,000 after buying an additional 75,438 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its stake in Apogee Enterprises by 82.7% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 7,165 shares of the industrial products company's stock valued at $512,000 after buying an additional 3,243 shares during the period. Finally, Principal Financial Group Inc. grew its position in Apogee Enterprises by 3.9% during the fourth 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 in the last quarter. Institutional investors own 94.05% of the company's stock.

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Apogee Enterprises Price Performance

Shares of Apogee Enterprises stock traded down $0.36 during trading on Friday, hitting $46.73. 898,759 shares of the stock traded hands, compared to its average volume of 171,709. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 10.43 and a beta of 1.04. 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 52 week low of $45.33 and a 52 week high of $87.93. The firm's fifty day moving average is $50.17 and its 200-day moving average is $66.05.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last issued its quarterly 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 business had revenue of $341.30 million for 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 quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the business earned $1.23 earnings per share. Research analysts expect that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Tuesday, January 28th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.23%. This is a positive change from Apogee Enterprises's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, January 28th. Apogee Enterprises's dividend payout ratio is presently 23.21%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on APOG. StockNews.com downgraded Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a research report on Thursday, January 9th. DA Davidson dropped their target price on shares of Apogee Enterprises from $75.00 to $62.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Sidoti raised shares of Apogee Enterprises from a "neutral" rating to a "buy" rating in a report on Friday, January 10th. Finally, Singular Research raised shares of Apogee Enterprises to a "moderate buy" rating in a report on Tuesday, January 14th.

About Apogee Enterprises

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).