Hillsdale Investment Management Inc. decreased its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 10.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 85,136 shares of the industrial products company's stock after selling 10,000 shares during the period. Hillsdale Investment Management Inc. owned about 0.39% of Apogee Enterprises worth $6,080,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of the company. Endeavor Private Wealth Inc. bought a new position in Apogee Enterprises during the 4th quarter worth approximately $32,000. Harvest Fund Management Co. Ltd acquired a new position in Apogee Enterprises in the third quarter worth $58,000. Point72 Asia Singapore Pte. Ltd. increased its stake in Apogee Enterprises by 44.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,293 shares of the industrial products company's stock valued at $91,000 after purchasing an additional 396 shares during the last quarter. KBC Group NV raised 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 worth $92,000 after purchasing an additional 408 shares during the period. Finally, Vestcor Inc acquired a new position in shares of Apogee Enterprises in the 4th quarter valued at about $106,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages have commented on APOG. DA Davidson decreased 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. Sidoti upgraded Apogee Enterprises from a "neutral" rating to a "buy" rating in a research note on Friday, January 10th. StockNews.com downgraded shares of Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a report on Thursday, January 9th. Finally, Singular Research upgraded shares of Apogee Enterprises to a "moderate buy" rating in a research note on Tuesday, January 14th.
Get Our Latest Stock Analysis on Apogee Enterprises
Apogee Enterprises Price Performance
Apogee Enterprises stock traded up $0.10 during mid-day trading on Wednesday, hitting $48.21. The company's stock had a trading volume of 130,537 shares, compared to its average volume of 171,960. The stock has a market capitalization of $1.06 billion, a P/E ratio of 10.76 and a beta of 1.04. The company has a quick ratio of 1.27, a current ratio of 1.63 and a debt-to-equity ratio of 0.52. The stock's fifty day moving average price is $49.84 and its two-hundred day moving average price is $65.74. Apogee Enterprises, Inc. has a twelve month low of $45.33 and a twelve month high of $87.93.
Apogee Enterprises (NASDAQ:APOG - Get Free Report) last posted its quarterly earnings data on Tuesday, January 7th. The industrial products company reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.11 by $0.08. The company had revenue of $341.30 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.23 earnings per share. Research analysts forecast that Apogee Enterprises, Inc. will post 4.97 earnings per share 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 paid 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 2.16%. The ex-dividend date of this dividend was Tuesday, January 28th. Apogee Enterprises's payout ratio is 23.21%.
Apogee Enterprises Profile
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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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