Peak6 LLC Invests $461,000 in Apogee Enterprises, Inc. (NASDAQ:APOG)

PEAK6 LLC bought a new position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,462 shares of the industrial products company's stock, valued at approximately $461,000.

Several other hedge funds have also added to or reduced their stakes in the company. Endeavor Private Wealth Inc. acquired a new position in Apogee Enterprises during the 4th quarter valued at about $32,000. New Age Alpha Advisors LLC bought a new stake in shares of Apogee Enterprises during the fourth quarter worth approximately $40,000. Meeder Asset Management Inc. acquired a new position in Apogee Enterprises in the fourth quarter valued at approximately $57,000. KBC Group NV lifted its holdings in Apogee Enterprises by 46.7% in the fourth quarter. KBC Group NV now owns 1,282 shares of the industrial products company's stock valued at $92,000 after buying an additional 408 shares during the period. Finally, Vestcor Inc bought a new position in Apogee Enterprises in the fourth quarter valued at approximately $106,000. Institutional investors own 94.05% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Singular Research upgraded shares of Apogee Enterprises to a "moderate buy" rating in a research report on Tuesday, January 14th. StockNews.com downgraded Apogee Enterprises from a "buy" rating to a "hold" rating in a report on Friday. DA Davidson reduced their target price on Apogee Enterprises from $75.00 to $62.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Finally, Sidoti raised Apogee Enterprises from a "neutral" rating to a "buy" rating in a research note on Friday, January 10th.

Apogee Enterprises Trading Down 1.7 %

Shares of NASDAQ APOG traded down $0.70 during midday trading on Friday, reaching $39.38. 275,887 shares of the stock were exchanged, compared to its average volume of 192,356. The company has a market capitalization of $864.51 million, a price-to-earnings ratio of 8.79 and a beta of 0.85. Apogee Enterprises, Inc. has a 12 month low of $38.67 and a 12 month high of $87.93. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.63 and a quick ratio of 1.27. The business has a 50-day simple moving average of $46.55 and a two-hundred day simple moving average of $61.89.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last posted its earnings results on Thursday, April 24th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.90 by ($0.01). Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The business had revenue of $345.69 million during the quarter, compared to analyst estimates of $331.82 million. As a group, equities research analysts expect that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Tuesday, May 13th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.64%. Apogee Enterprises's payout ratio is 23.21%.

About Apogee Enterprises

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).