Intech Investment Management LLC boosted its position in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 170.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 87,537 shares of the industrial products company's stock after purchasing an additional 55,122 shares during the period. Intech Investment Management LLC owned approximately 0.40% of Apogee Enterprises worth $6,251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also modified their holdings of the company. Endeavor Private Wealth Inc. bought a new stake in shares of Apogee Enterprises during the 4th quarter worth approximately $32,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Apogee Enterprises during the third quarter worth $58,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Apogee Enterprises by 44.1% during 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 period. KBC Group NV grew its holdings in shares of Apogee Enterprises by 46.7% in the fourth quarter. KBC Group NV now owns 1,282 shares of the industrial products company's stock worth $92,000 after purchasing an additional 408 shares during the last quarter. Finally, Vestcor Inc bought a new position in shares of Apogee Enterprises in the fourth quarter worth about $106,000. Hedge funds and other institutional investors own 94.05% of the company's stock.
Apogee Enterprises Stock Down 0.8 %
Shares of NASDAQ:APOG traded down $0.36 during trading on Friday, reaching $46.73. The stock had a trading volume of 898,759 shares, compared to its average volume of 171,709. Apogee Enterprises, Inc. has a one year low of $45.33 and a one year high of $87.93. The company has a market capitalization of $1.03 billion, a P/E ratio of 10.43 and a beta of 1.04. The company has a current ratio of 1.63, a quick ratio of 1.27 and a debt-to-equity ratio of 0.52. The firm's 50-day simple moving average is $50.17 and its 200 day simple moving average is $66.05.
Apogee Enterprises (NASDAQ:APOG - Get Free Report) last issued its quarterly earnings data on Tuesday, January 7th. The industrial products company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. Apogee Enterprises had a return on equity of 23.14% and a net margin of 7.14%. The firm had revenue of $341.30 million during the quarter, compared to analyst estimates of $332.27 million. During the same quarter in the prior year, the business posted $1.23 EPS. The business's revenue for the quarter was up .5% compared to the same quarter last year. As a group, research analysts expect that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.
Apogee Enterprises Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Tuesday, January 28th were given a $0.26 dividend. This is a positive change from Apogee Enterprises's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Tuesday, January 28th. Apogee Enterprises's dividend payout ratio (DPR) is presently 23.21%.
Analyst Ratings Changes
A number of equities analysts have commented on APOG shares. Singular Research upgraded shares of Apogee Enterprises to a "moderate buy" rating in a research note on Tuesday, January 14th. DA Davidson dropped their price objective on 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 downgraded Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a research report on Thursday, January 9th. Finally, Sidoti raised Apogee Enterprises from a "neutral" rating to a "buy" rating in a research report on Friday, January 10th.
Read Our Latest Stock Report on APOG
About Apogee Enterprises
(
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).
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