8,900 Shares in Apogee Enterprises, Inc. (NASDAQ:APOG) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,900 shares of the industrial products company’s stock, valued at approximately $636,000.

Other institutional investors have also modified their holdings of the company. FMR LLC raised its holdings in Apogee Enterprises by 12.5% in the 3rd quarter. FMR LLC now owns 104,690 shares of the industrial products company’s stock valued at $7,330,000 after acquiring an additional 11,627 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in shares of Apogee Enterprises by 44.1% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,293 shares of the industrial products company’s stock valued at $91,000 after purchasing an additional 396 shares in the last quarter. Centiva Capital LP acquired a new stake in shares of Apogee Enterprises in the third quarter valued at approximately $245,000. Hotchkis & Wiley Capital Management LLC purchased a new position in Apogee Enterprises during the third quarter worth approximately $6,845,000. Finally, Millburn Ridgefield Corp acquired a new position in Apogee Enterprises during the third quarter worth $131,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on APOG. DA Davidson cut their price objective on shares of Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Singular Research raised shares of Apogee Enterprises to a “moderate buy” rating in a research report on Tuesday, January 14th. StockNews.com cut Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 9th. Finally, Sidoti raised Apogee Enterprises from a “neutral” rating to a “buy” rating in a research note on Friday, January 10th.

Apogee Enterprises Stock Performance

Shares of APOG stock opened at $48.00 on Thursday. The stock’s 50-day moving average is $48.94 and its two-hundred day moving average is $65.17. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.27 and a current ratio of 1.63. Apogee Enterprises, Inc. has a 1 year low of $45.28 and a 1 year high of $87.93. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 10.71 and a beta of 1.04.

Apogee Enterprises (NASDAQ:APOG) last released 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 firm had revenue of $341.30 million for the quarter, compared to analyst estimates of $332.27 million. During the same quarter last year, the company posted $1.23 earnings per share. The business’s revenue was up .5% on a year-over-year basis. Analysts predict that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Tuesday, January 28th were given a $0.26 dividend. The ex-dividend date 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 dividend yield of 2.17%. Apogee Enterprises’s payout ratio is currently 23.21%.

Apogee Enterprises Company 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).