Bank of America Corp DE Raises Stock Position in Apogee Enterprises, Inc. (NASDAQ:APOG)

Bank of America Corp DE boosted its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 6.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 103,804 shares of the industrial products company’s stock after purchasing an additional 6,529 shares during the period. Bank of America Corp DE owned approximately 0.47% of Apogee Enterprises worth $7,413,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in APOG. Barclays PLC increased its holdings in shares of Apogee Enterprises by 77.8% during the 3rd quarter. Barclays PLC now owns 63,769 shares of the industrial products company’s stock valued at $4,466,000 after purchasing an additional 27,904 shares in the last quarter. KBC Group NV boosted its position in shares of Apogee Enterprises by 46.7% during the 4th quarter. KBC Group NV now owns 1,282 shares of the industrial products company’s stock valued at $92,000 after acquiring an additional 408 shares during the last quarter. Caprock Group LLC acquired a new stake in shares of Apogee Enterprises during the 4th quarter worth approximately $225,000. Principal Financial Group Inc. grew its holdings in shares of Apogee Enterprises by 3.9% during the 4th quarter. Principal Financial Group Inc. now owns 117,770 shares of the industrial products company’s stock worth $8,410,000 after purchasing an additional 4,373 shares during the period. Finally, Y Intercept Hong Kong Ltd raised its stake in shares of Apogee Enterprises by 82.7% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 7,165 shares of the industrial products company’s stock valued at $512,000 after acquiring an additional 3,243 shares during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, April 25th.

Apogee Enterprises Stock Down 0.6%

Apogee Enterprises stock opened at $38.66 on Monday. The company has a current ratio of 1.63, a quick ratio of 1.27 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $834.01 million, a price-to-earnings ratio of 8.63 and a beta of 0.99. Apogee Enterprises, Inc. has a twelve month low of $38.06 and a twelve month high of $87.93. The stock has a 50 day moving average of $43.60 and a two-hundred day moving average of $56.44.

Apogee Enterprises (NASDAQ:APOG) last posted its earnings results on Thursday, April 24th. The industrial products company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.01). The firm had revenue of $345.69 million during the quarter, compared to analyst estimates of $331.82 million. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same period last year, the company posted $1.14 EPS. As a group, research analysts expect that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Tuesday, May 13th will be issued a $0.26 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.69%. Apogee Enterprises’s dividend payout ratio (DPR) is 26.80%.

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).