Victory Capital Management Inc. Increases Holdings in Apogee Enterprises, Inc. (NASDAQ:APOG)

Victory Capital Management Inc. grew its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 7.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,155,967 shares of the industrial products company's stock after buying an additional 75,438 shares during the period. Victory Capital Management Inc. owned 5.27% of Apogee Enterprises worth $82,548,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in APOG. Hotchkis & Wiley Capital Management LLC bought a new stake in Apogee Enterprises in the 3rd quarter valued at about $6,845,000. Foundry Partners LLC bought a new stake in shares of Apogee Enterprises in the third quarter valued at approximately $4,182,000. Kingsview Wealth Management LLC purchased a new stake in shares of Apogee Enterprises during the 3rd quarter valued at approximately $2,134,000. Barclays PLC boosted its holdings in Apogee Enterprises by 77.8% in the 3rd quarter. Barclays PLC now owns 63,769 shares of the industrial products company's stock worth $4,466,000 after buying an additional 27,904 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in Apogee Enterprises in the 3rd quarter worth approximately $1,800,000. Hedge funds and other institutional investors own 94.05% of the company's stock.

Apogee Enterprises Price Performance

Shares of APOG traded up $0.35 during mid-day trading on Monday, reaching $48.24. 193,965 shares of the stock traded hands, compared to its average volume of 291,955. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 10.77 and a beta of 1.04. Apogee Enterprises, Inc. has a 1 year low of $45.33 and a 1 year high of $87.93. The firm has a fifty day moving average price of $53.54 and a 200 day moving average price of $67.37. The company has a current ratio of 1.63, a quick ratio of 1.27 and a debt-to-equity ratio of 0.52.

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Apogee Enterprises (NASDAQ:APOG - Get Free Report) last posted its earnings results on Tuesday, January 7th. The industrial products company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. Apogee Enterprises had a return on equity of 23.14% and a net margin of 7.14%. The business had revenue of $341.30 million during the quarter, compared to analysts' expectations of $332.27 million. During the same period in the previous year, the business earned $1.23 earnings per share. The firm's revenue was up .5% on a year-over-year basis. As a group, equities research 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 announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Tuesday, January 28th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, January 28th. This is a positive change from Apogee Enterprises's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 2.16%. Apogee Enterprises's payout ratio is presently 23.21%.

Wall Street Analyst Weigh In

APOG has been the topic of several recent research reports. DA Davidson dropped 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. StockNews.com cut Apogee Enterprises from a "strong-buy" rating to a "buy" rating in a report on Thursday, January 9th. Sidoti raised Apogee Enterprises from a "neutral" rating to a "buy" rating in a report on Friday, January 10th. Finally, Singular Research upgraded Apogee Enterprises to a "moderate buy" rating in a research report on Tuesday, January 14th.

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).