Teacher Retirement System of Texas lessened its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 19.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,022 shares of the industrial products company's stock after selling 19,849 shares during the period. Teacher Retirement System of Texas owned about 0.38% of Apogee Enterprises worth $6,000,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Apogee Enterprises by 11.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 63,817 shares of the industrial products company's stock worth $4,468,000 after purchasing an additional 6,793 shares during the last quarter. Intech Investment Management LLC lifted its position in shares of Apogee Enterprises by 255.5% in the 3rd quarter. Intech Investment Management LLC now owns 32,415 shares of the industrial products company's stock worth $2,270,000 after buying an additional 23,296 shares during the last quarter. Kingsview Wealth Management LLC acquired a new position in shares of Apogee Enterprises in the 3rd quarter valued at about $2,134,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Apogee Enterprises in the 3rd quarter valued at about $58,000. Finally, FMR LLC grew its position in shares of Apogee Enterprises by 12.5% during the 3rd quarter. FMR LLC now owns 104,690 shares of the industrial products company's stock valued at $7,330,000 after buying an additional 11,627 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the company. Sidoti raised Apogee Enterprises from a "neutral" rating to a "buy" rating in a report on Friday, January 10th. StockNews.com downgraded Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a research note on Thursday, January 9th. 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 note on Wednesday, January 8th. Finally, Singular Research upgraded shares of Apogee Enterprises to a "moderate buy" rating in a research report on Tuesday, January 14th.
View Our Latest Stock Analysis on APOG
Apogee Enterprises Stock Performance
Shares of NASDAQ APOG traded down $0.67 during midday trading on Thursday, hitting $47.54. 182,325 shares of the company's stock were exchanged, compared to its average volume of 172,016. Apogee Enterprises, Inc. has a twelve month low of $45.33 and a twelve month high of $87.93. The firm has a market cap of $1.04 billion, a P/E ratio of 10.61 and a beta of 1.04. The stock's 50 day moving average price is $49.84 and its 200-day moving average price is $65.74. 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 announced 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. 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 analyst estimates of $332.27 million. During the same quarter in the previous year, the firm posted $1.23 EPS. The firm's quarterly revenue was up .5% on a year-over-year basis. Equities research analysts anticipate that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.
Apogee Enterprises Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Tuesday, January 28th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Tuesday, January 28th. This is a positive change from Apogee Enterprises's previous quarterly dividend of $0.25. Apogee Enterprises's dividend payout ratio is currently 23.21%.
Apogee Enterprises Company 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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