Skandinaviska Enskilda Banken AB publ Boosts Stock Holdings in Apogee Enterprises, Inc. (NASDAQ:APOG)

Skandinaviska Enskilda Banken AB publ lifted its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 179.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,700 shares of the industrial products company's stock after acquiring an additional 35,100 shares during the period. Skandinaviska Enskilda Banken AB publ owned 0.25% of Apogee Enterprises worth $3,898,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in APOG. Kingsview Wealth Management LLC bought a new stake in shares of Apogee Enterprises in the 3rd quarter valued at approximately $2,134,000. Geode Capital Management LLC lifted its stake in shares of Apogee Enterprises by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 530,226 shares of the industrial products company's stock valued at $37,131,000 after purchasing an additional 7,382 shares during the last quarter. Inspire Investing LLC purchased a new stake in shares of Apogee Enterprises in the fourth quarter worth approximately $824,000. Foundry Partners LLC purchased a new stake in shares of Apogee Enterprises in the third quarter worth approximately $4,182,000. Finally, Royce & Associates LP raised its holdings in shares of Apogee Enterprises by 63.1% in the third quarter. Royce & Associates LP now owns 22,197 shares of the industrial products company's stock worth $1,554,000 after buying an additional 8,589 shares during the period. 94.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Sidoti raised Apogee Enterprises from a "neutral" rating to a "buy" rating in a research report on Friday, January 10th. Singular Research raised Apogee Enterprises to a "moderate buy" rating in a research report on Tuesday, January 14th. StockNews.com cut Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a research report on Thursday, January 9th. Finally, DA Davidson lowered their price objective on Apogee Enterprises from $75.00 to $62.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th.

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Apogee Enterprises Stock Down 0.8 %

Shares of Apogee Enterprises stock traded down $0.37 during trading on Thursday, reaching $47.09. The company's stock had a trading volume of 180,264 shares, compared to its average volume of 168,500. The company has a quick ratio of 1.27, a current ratio of 1.63 and a debt-to-equity ratio of 0.52. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 10.51 and a beta of 1.04. Apogee Enterprises, Inc. has a 1-year low of $45.33 and a 1-year high of $87.93. The company has a 50-day simple moving average of $50.36 and a two-hundred day simple moving average of $66.31.

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, topping analysts' consensus estimates of $1.11 by $0.08. The company had revenue of $341.30 million during the quarter, compared to analysts' expectations of $332.27 million. Apogee Enterprises had a return on equity of 23.14% and a net margin of 7.14%. The firm's revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.23 EPS. As a group, equities analysts forecast that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Tuesday, January 28th were paid a dividend of $0.26 per share. This is a positive change from Apogee Enterprises's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 2.21%. The ex-dividend date was Tuesday, January 28th. Apogee Enterprises's payout ratio is 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).