EMC Capital Management Has $415,000 Stake in Apogee Enterprises, Inc. (NASDAQ:APOG)

EMC Capital Management trimmed its position in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 75.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,817 shares of the industrial products company's stock after selling 18,184 shares during the period. EMC Capital Management's holdings in Apogee Enterprises were worth $415,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Sei Investments Co. purchased a new stake in Apogee Enterprises in the second quarter valued at approximately $1,738,000. Marshall Wace LLP acquired a new stake in shares of Apogee Enterprises during the 2nd quarter worth $217,000. Squarepoint Ops LLC purchased a new position in shares of Apogee Enterprises in the 2nd quarter worth $308,000. The Manufacturers Life Insurance Company boosted its holdings in Apogee Enterprises by 4.1% in the second quarter. The Manufacturers Life Insurance Company now owns 11,310 shares of the industrial products company's stock valued at $711,000 after acquiring an additional 442 shares during the last quarter. Finally, Algert Global LLC purchased a new stake in Apogee Enterprises during the second quarter valued at about $223,000. Institutional investors and hedge funds own 94.05% of the company's stock.

Apogee Enterprises Trading Down 2.9 %

APOG stock traded down $1.50 during mid-day trading on Monday, reaching $49.52. 199,659 shares of the stock traded hands, compared to its average volume of 338,146. Apogee Enterprises, Inc. has a 52-week low of $49.01 and a 52-week high of $87.93. The stock's fifty day moving average is $68.39 and its 200-day moving average is $70.02. The company has a market cap of $1.09 billion, a P/E ratio of 11.10 and a beta of 1.01. The company has a current ratio of 1.63, a quick ratio of 1.27 and a debt-to-equity ratio of 0.52.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last announced its quarterly earnings data on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, topping 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 business had revenue of $341.30 million during the quarter, compared to analyst estimates of $332.27 million. During the same period last year, the company earned $1.23 earnings per share. Apogee Enterprises's quarterly revenue was up .5% compared to the same quarter last year. As a group, sell-side analysts expect that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Tuesday, January 28th will be paid a $0.26 dividend. This is a boost from Apogee Enterprises's previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, January 28th. This represents a $1.04 annualized dividend and a dividend yield of 2.10%. Apogee Enterprises's payout ratio is presently 23.21%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on APOG. StockNews.com cut Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a report on Thursday, January 9th. Singular Research upgraded Apogee Enterprises to a "moderate buy" rating in a research note on Tuesday, January 14th. Sidoti raised Apogee Enterprises from a "neutral" rating to a "buy" rating in a research report on Friday, January 10th. 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 note on Wednesday, January 8th.

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).