Ritholtz Wealth Management Has $1.58 Million Stake in Apogee Enterprises, Inc. (NASDAQ:APOG)

Ritholtz Wealth Management lifted its stake in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 69.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,095 shares of the industrial products company's stock after buying an additional 9,019 shares during the period. Ritholtz Wealth Management owned about 0.10% of Apogee Enterprises worth $1,578,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of APOG. Pacer Advisors Inc. boosted its stake in Apogee Enterprises by 15.5% in the 2nd quarter. Pacer Advisors Inc. now owns 917,000 shares of the industrial products company's stock valued at $57,620,000 after buying an additional 122,811 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Apogee Enterprises during the third quarter valued at $6,845,000. Assenagon Asset Management S.A. boosted its stake in shares of Apogee Enterprises by 70.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 162,379 shares of the industrial products company's stock valued at $11,369,000 after purchasing an additional 67,295 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Apogee Enterprises by 1,004.1% during the 2nd quarter. Renaissance Technologies LLC now owns 72,683 shares of the industrial products company's stock worth $4,567,000 after purchasing an additional 66,100 shares in the last quarter. Finally, Foundry Partners LLC bought a new position in Apogee Enterprises during the 3rd quarter valued at about $4,182,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Apogee Enterprises Stock Performance

Shares of APOG traded up $1.29 during mid-day trading on Friday, reaching $55.69. The company's stock had a trading volume of 315,497 shares, compared to its average volume of 241,769. Apogee Enterprises, Inc. has a 1-year low of $49.58 and a 1-year high of $87.93. The business has a 50-day simple moving average of $74.17 and a two-hundred day simple moving average of $70.46. The company has a current ratio of 1.63, a quick ratio of 1.32 and a debt-to-equity ratio of 0.52. The stock has a market cap of $1.22 billion, a P/E ratio of 12.43 and a beta of 1.04.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last announced its quarterly earnings data on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.08. The firm had revenue of $341.30 million during 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 company's quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.23 EPS. As a group, equities research analysts anticipate that Apogee Enterprises, Inc. will post 4.96 earnings per share for the current fiscal year.

Apogee Enterprises Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Tuesday, January 28th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.87%. This is a boost from Apogee Enterprises's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, January 28th. Apogee Enterprises's dividend payout ratio is currently 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).