EntryPoint Capital LLC Buys New Position in Apogee Enterprises, Inc. (NASDAQ:APOG)

EntryPoint Capital LLC acquired a new position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,517 shares of the industrial products company's stock, valued at approximately $537,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in APOG. Victory Capital Management Inc. lifted its position in shares of Apogee Enterprises by 7.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,155,967 shares of the industrial products company's stock worth $82,548,000 after purchasing an additional 75,438 shares in the last quarter. 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 in the last quarter. Geode Capital Management LLC boosted its position in 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 buying an additional 7,382 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Apogee Enterprises by 3.9% in the 4th quarter. Principal Financial Group Inc. now owns 117,770 shares of the industrial products company's stock valued at $8,410,000 after buying an additional 4,373 shares during the period. Finally, Prudential Financial Inc. raised its position in shares of Apogee Enterprises by 70.7% during the fourth quarter. Prudential Financial Inc. now owns 117,548 shares of the industrial products company's stock worth $8,394,000 after acquiring an additional 48,680 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.

Remove Ads

Apogee Enterprises Trading Down 1.8 %

Shares of Apogee Enterprises stock traded down $0.87 during trading on Friday, hitting $46.67. 181,574 shares of the company were exchanged, compared to its average volume of 186,492. 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's fifty day moving average price is $49.52 and its 200 day moving average price is $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, Inc. has a 1-year low of $45.33 and a 1-year high of $87.93.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last announced its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.08. The company had revenue of $341.30 million for the quarter, compared to analysts' expectations of $332.27 million. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The business's quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the firm posted $1.23 earnings per share. As a group, sell-side analysts expect that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Tuesday, January 28th were issued a dividend of $0.26 per share. This is an increase from Apogee Enterprises's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Tuesday, January 28th. Apogee Enterprises's dividend payout ratio (DPR) is 23.21%.

Analysts Set New Price Targets

APOG has been the topic of several recent research reports. Sidoti upgraded Apogee Enterprises from a "neutral" rating to a "buy" rating in a report on Friday, January 10th. StockNews.com lowered shares of Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a research note on Thursday, January 9th. DA Davidson dropped their price target on shares of Apogee Enterprises from $75.00 to $62.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Finally, Singular Research raised shares of Apogee Enterprises to a "moderate buy" rating in a research note on Tuesday, January 14th.

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).