Segall Bryant & Hamill LLC Sells 10,295 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Segall Bryant & Hamill LLC decreased its stake in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 662,558 shares of the industrial products company's stock after selling 10,295 shares during the period. Apogee Enterprises accounts for about 0.7% of Segall Bryant & Hamill LLC's holdings, making the stock its 26th biggest holding. Segall Bryant & Hamill LLC owned 3.02% of Apogee Enterprises worth $47,313,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. increased its position in Apogee Enterprises by 44.1% during the 3rd 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 lifted its position in shares of Apogee Enterprises by 46.7% in the 4th 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 period. Endeavor Private Wealth Inc. bought a new stake in shares of Apogee Enterprises in the 4th quarter valued at $32,000. LPL Financial LLC increased 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 buying an additional 541 shares during the period. Finally, Diversified Trust Co raised its stake in 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 during the last quarter. 94.05% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

APOG has been the topic of a number of research analyst reports. DA Davidson cut 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. Singular Research raised Apogee Enterprises to a "moderate buy" rating in a research note on Tuesday, January 14th. StockNews.com downgraded Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a report on Thursday, January 9th. Finally, Sidoti upgraded Apogee Enterprises from a "neutral" rating to a "buy" rating in a report on Friday, January 10th.

Apogee Enterprises Stock Down 1.8 %

Shares of APOG traded down $0.87 during trading hours on Friday, hitting $46.67. The stock had a trading volume of 181,574 shares, compared to its average volume of 186,492. Apogee Enterprises, Inc. has a 1-year low of $45.33 and a 1-year high of $87.93. The firm has a market capitalization of $1.02 billion, a P/E ratio of 10.42 and a beta of 1.04. The firm has a 50 day simple moving average of $49.52 and a 200-day simple moving average of $65.52. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.63 and a quick ratio of 1.27.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last released 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 the consensus estimate of $332.27 million. During the same quarter in the previous year, the company posted $1.23 earnings per share. The company's quarterly revenue was up .5% on a year-over-year basis. Sell-side analysts predict that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Increases Dividend

The business also recently declared 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. The ex-dividend date was Tuesday, January 28th. This represents a $1.04 dividend on an annualized basis and a yield of 2.23%. This is an increase from Apogee Enterprises's previous quarterly dividend of $0.25. Apogee Enterprises's payout ratio is 23.21%.

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).