Apogee Enterprises, Inc. (NASDAQ:APOG) Holdings Raised by Prudential Financial Inc.

Prudential Financial Inc. raised its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 70.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 117,548 shares of the industrial products company's stock after acquiring an additional 48,680 shares during the quarter. Prudential Financial Inc. owned approximately 0.54% of Apogee Enterprises worth $8,394,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in APOG. LPL Financial LLC lifted its position in shares of Apogee Enterprises by 14.6% during the fourth quarter. LPL Financial LLC now owns 4,253 shares of the industrial products company's stock worth $304,000 after purchasing an additional 541 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Apogee Enterprises during the fourth quarter valued at approximately $636,000. American Century Companies Inc. lifted its holdings in Apogee Enterprises by 12.9% during the 4th quarter. American Century Companies Inc. now owns 692,139 shares of the industrial products company's stock worth $49,426,000 after buying an additional 79,009 shares during the last quarter. Summit Global Investments acquired a new position in shares of Apogee Enterprises in the 4th quarter worth approximately $633,000. Finally, Intech Investment Management LLC increased its holdings in shares of Apogee Enterprises by 170.1% in the 4th quarter. Intech Investment Management LLC now owns 87,537 shares of the industrial products company's stock valued at $6,251,000 after acquiring an additional 55,122 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

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Apogee Enterprises Stock Performance

APOG traded down $2.56 during trading on Thursday, reaching $45.44. 228,978 shares of the company were exchanged, compared to its average volume of 187,632. 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 stock has a market cap of $997.54 million, a P/E ratio of 10.14 and a beta of 1.04. Apogee Enterprises, Inc. has a 52 week low of $44.77 and a 52 week high of $87.93. The firm has a 50 day moving average of $48.74 and a 200 day moving average of $65.04.

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

Apogee Enterprises Increases Dividend

The firm also recently disclosed 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 is an increase from Apogee Enterprises's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 2.29%. Apogee Enterprises's payout ratio is currently 23.21%.

Analysts Set New Price Targets

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

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).