Foundry Partners LLC cut its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 13.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,998 shares of the industrial products company's stock after selling 7,739 shares during the quarter. Foundry Partners LLC owned approximately 0.24% of Apogee Enterprises worth $3,713,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of APOG. Trexquant Investment LP lifted its stake in shares of Apogee Enterprises by 27.9% during the fourth quarter. Trexquant Investment LP now owns 7,798 shares of the industrial products company's stock valued at $557,000 after buying an additional 1,702 shares during the period. Headlands Technologies LLC boosted its holdings in shares of Apogee Enterprises by 178.4% during the fourth quarter. Headlands Technologies LLC now owns 8,702 shares of the industrial products company's stock worth $621,000 after purchasing an additional 5,576 shares during the last quarter. Franklin Resources Inc. increased its stake in Apogee Enterprises by 35.3% in the fourth quarter. Franklin Resources Inc. now owns 44,247 shares of the industrial products company's stock valued at $3,160,000 after purchasing an additional 11,552 shares during the last quarter. Alliancebernstein L.P. lifted its position in Apogee Enterprises by 104.4% during the fourth quarter. Alliancebernstein L.P. now owns 43,438 shares of the industrial products company's stock worth $3,102,000 after buying an additional 22,188 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in Apogee Enterprises in the 4th quarter worth about $57,000. 94.05% of the stock is owned by hedge funds and other institutional investors.
Apogee Enterprises Stock Down 2.5 %
Shares of APOG traded down $1.17 during midday trading on Thursday, reaching $45.64. 35,899 shares of the company were exchanged, compared to its average volume of 189,898. Apogee Enterprises, Inc. has a 1-year low of $42.33 and a 1-year high of $87.93. The stock has a 50-day moving average price of $47.80 and a 200-day moving average price of $64.08. 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 company has a market cap of $1.00 billion, a price-to-earnings ratio of 10.15 and a beta of 0.85.
Apogee Enterprises (NASDAQ:APOG - Get Free Report) last issued its quarterly earnings data on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. The company had revenue of $341.30 million during the quarter, compared to the consensus estimate of $332.27 million. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. Apogee Enterprises's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the company earned $1.23 earnings per share. Research analysts expect that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.
Analyst Ratings Changes
APOG has been the subject of several research reports. Singular Research upgraded Apogee Enterprises to a "moderate buy" rating in a report 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. Sidoti upgraded Apogee Enterprises from a "neutral" rating to a "buy" rating in a report on Friday, January 10th. Finally, DA Davidson reduced 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.
Get Our Latest Research Report on APOG
Apogee Enterprises Profile
(
Free Report)
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).
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