Grace & White Inc. NY Sells 5,100 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Grace & White Inc. NY cut its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 14.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,400 shares of the industrial products company's stock after selling 5,100 shares during the quarter. Grace & White Inc. NY owned about 0.14% of Apogee Enterprises worth $2,171,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Caprock Group LLC bought a new position in shares of Apogee Enterprises during the fourth quarter valued at $225,000. KBC Group NV increased its holdings in shares of Apogee Enterprises by 46.7% during the fourth quarter. KBC Group NV now owns 1,282 shares of the industrial products company's stock valued at $92,000 after acquiring an additional 408 shares in the last quarter. Inspire Investing LLC bought a new position in shares of Apogee Enterprises during the fourth quarter valued at $824,000. Endeavor Private Wealth Inc. bought a new position in shares of Apogee Enterprises during the fourth quarter valued at $32,000. Finally, Ritholtz Wealth Management increased its holdings in shares of Apogee Enterprises by 69.0% during the fourth quarter. Ritholtz Wealth Management now owns 22,095 shares of the industrial products company's stock valued at $1,578,000 after acquiring an additional 9,019 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on APOG shares. StockNews.com downgraded Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a report on Thursday, January 9th. Sidoti raised Apogee Enterprises from a "neutral" rating to a "buy" rating in a research report on Friday, January 10th. DA Davidson dropped their price objective on Apogee Enterprises from $75.00 to $62.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Finally, Singular Research raised Apogee Enterprises to a "moderate buy" rating in a research report on Tuesday, January 14th.

Apogee Enterprises Stock Performance

Shares of Apogee Enterprises stock traded up $0.26 during trading on Friday, hitting $49.56. 191,429 shares of the company's stock traded hands, compared to its average volume of 276,058. 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 $48.86 and a 1 year high of $87.93. The stock has a market capitalization of $1.09 billion, a P/E ratio of 11.06 and a beta of 1.01. The business has a 50-day simple moving average of $61.60 and a 200-day simple moving average of $68.93.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last announced its earnings results 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. The business had revenue of $341.30 million for 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 business's revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the firm posted $1.23 earnings per share. As a group, analysts forecast that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Tuesday, January 28th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.10%. This is a boost from Apogee Enterprises's previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, January 28th. Apogee Enterprises's dividend payout ratio (DPR) is presently 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).