Apogee Enterprises, Inc. (NASDAQ:APOG) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 1.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,988 shares of the industrial products company’s stock after selling 1,069 shares during the quarter. Rhumbline Advisers owned approximately 0.30% of Apogee Enterprises worth $4,712,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Endeavor Private Wealth Inc. bought a new stake in Apogee Enterprises in the fourth quarter valued at $32,000. Gladius Capital Management LP bought a new stake in Apogee Enterprises in the 3rd quarter valued at about $33,000. Harvest Fund Management Co. Ltd acquired a new position in Apogee Enterprises during the 3rd quarter valued at about $58,000. Point72 Asia Singapore Pte. Ltd. grew its position in Apogee Enterprises by 44.1% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,293 shares of the industrial products company’s stock worth $91,000 after purchasing an additional 396 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of 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 purchasing an additional 408 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Apogee Enterprises Price Performance

NASDAQ APOG opened at $47.23 on Friday. The firm has a market capitalization of $1.04 billion, a PE ratio of 10.54 and a beta of 1.01. 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, Inc. has a 12 month low of $46.76 and a 12 month high of $87.93. The company’s 50 day simple moving average is $56.50 and its 200 day simple moving average is $67.96.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. The company had revenue of $341.30 million for 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 firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the firm earned $1.23 EPS. As a group, equities research analysts forecast that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Tuesday, January 28th were given a dividend of $0.26 per share. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, January 28th. This represents a $1.04 annualized dividend and a dividend yield of 2.20%. Apogee Enterprises’s dividend payout ratio (DPR) is 23.21%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on APOG. StockNews.com downgraded Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 9th. Sidoti upgraded Apogee Enterprises from a “neutral” rating to a “buy” rating in a research report on Friday, January 10th. DA Davidson lowered their price target 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, Singular Research raised shares of Apogee Enterprises to a “moderate buy” rating in a report on Tuesday, January 14th.

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).