O Shaughnessy Asset Management LLC Boosts Stock Holdings in Apogee Enterprises, Inc. (NASDAQ:APOG)

O Shaughnessy Asset Management LLC boosted its position in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 38.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 67,834 shares of the industrial products company's stock after acquiring an additional 18,817 shares during the period. O Shaughnessy Asset Management LLC owned 0.31% of Apogee Enterprises worth $4,844,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Apogee Enterprises in the 3rd quarter worth $6,845,000. JPMorgan Chase & Co. raised its holdings in Apogee Enterprises by 87.9% during the fourth quarter. JPMorgan Chase & Co. now owns 186,744 shares of the industrial products company's stock worth $13,335,000 after buying an additional 87,356 shares during the last quarter. Norges Bank bought a new position in shares of Apogee Enterprises in the fourth quarter valued at $5,698,000. American Century Companies Inc. grew its holdings in shares of Apogee Enterprises by 12.9% during the fourth quarter. American Century Companies Inc. now owns 692,139 shares of the industrial products company's stock valued at $49,426,000 after buying an additional 79,009 shares during the last quarter. Finally, Victory Capital Management Inc. increased 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 acquiring an additional 75,438 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on APOG shares. Sidoti raised shares of Apogee Enterprises from a "neutral" rating to a "buy" rating in a research report on Friday, January 10th. DA Davidson cut their target price 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. Singular Research raised Apogee Enterprises to a "moderate buy" rating in a research report on Tuesday, January 14th. Finally, StockNews.com cut Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a research note on Thursday, January 9th.

Apogee Enterprises Stock Down 2.8 %

NASDAQ:APOG traded down $1.27 on Monday, hitting $43.86. The stock had a trading volume of 298,471 shares, compared to its average volume of 189,042. Apogee Enterprises, Inc. has a 1 year low of $42.33 and a 1 year high of $87.93. The firm's fifty day simple moving average is $48.36 and its two-hundred day simple moving average is $64.66. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.27 and a current ratio of 1.63. The stock has a market cap of $962.86 million, a P/E ratio of 9.79 and a beta of 0.85.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last issued its quarterly earnings results 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. Apogee Enterprises had a return on equity of 23.14% and a net margin of 7.14%. The company had revenue of $341.30 million during the quarter, compared to the consensus estimate of $332.27 million. During the same period last year, the business posted $1.23 earnings per share. Apogee Enterprises's revenue was up .5% on a year-over-year basis. Analysts predict that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Tuesday, January 28th were given a dividend of $0.26 per share. The ex-dividend date was Tuesday, January 28th. This represents a $1.04 annualized dividend and a yield of 2.37%. This is a positive change from Apogee Enterprises's previous quarterly dividend of $0.25. Apogee Enterprises's dividend payout ratio 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).