Headlands Technologies LLC grew its stake in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 178.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,702 shares of the industrial products company's stock after purchasing an additional 5,576 shares during the period. Headlands Technologies LLC's holdings in Apogee Enterprises were worth $621,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Endeavor Private Wealth Inc. purchased a new stake in Apogee Enterprises during the fourth quarter worth $32,000. New Age Alpha Advisors LLC acquired a new position in shares of Apogee Enterprises in the fourth quarter worth about $40,000. Meeder Asset Management Inc. acquired a new position in shares of Apogee Enterprises in the fourth quarter worth about $57,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of 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 worth $91,000 after acquiring an additional 396 shares in the last quarter. Finally, KBC Group NV grew its position in shares of Apogee Enterprises by 46.7% during the 4th 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 during the period. 94.05% of the stock is owned by hedge funds and other institutional investors.
Apogee Enterprises Price Performance
APOG stock traded down $1.32 during trading on Monday, hitting $43.81. The stock had a trading volume of 74,326 shares, compared to its average volume of 188,168. The company's 50-day moving average price is $48.54 and its two-hundred day moving average price is $64.84. Apogee Enterprises, Inc. has a twelve month low of $41.71 and a twelve month high of $87.93. The stock has a market capitalization of $961.78 million, a P/E ratio of 9.66 and a beta of 0.85. 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 issued its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.11 by $0.08. The firm had revenue of $341.30 million for the quarter, compared to analyst estimates 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 was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $1.23 earnings per share. As a group, research analysts predict that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.
Apogee Enterprises Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Tuesday, January 28th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend was Tuesday, January 28th. This is a boost from Apogee Enterprises's previous quarterly dividend of $0.25. Apogee Enterprises's dividend payout ratio is currently 23.21%.
Wall Street Analyst Weigh In
APOG has been the subject of a number of analyst reports. Sidoti raised Apogee Enterprises from a "neutral" rating to a "buy" rating in a report on Friday, January 10th. DA Davidson reduced their target price 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. StockNews.com lowered Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a research report on Thursday, January 9th. Finally, Singular Research raised shares of Apogee Enterprises to a "moderate buy" rating in a report on Tuesday, January 14th.
View Our Latest Stock Report on Apogee Enterprises
About Apogee Enterprises
(
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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