State of Alaska Department of Revenue Has $563,000 Position in Apogee Enterprises, Inc. (NASDAQ:APOG)

State of Alaska Department of Revenue reduced its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,164 shares of the industrial products company’s stock after selling 278 shares during the period. State of Alaska Department of Revenue owned approximately 0.06% of Apogee Enterprises worth $563,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Apogee Enterprises by 87.9% during the 4th quarter. JPMorgan Chase & Co. now owns 186,744 shares of the industrial products company’s stock worth $13,335,000 after acquiring an additional 87,356 shares during the period. Renaissance Technologies LLC increased its stake in Apogee Enterprises by 196.2% during the 4th quarter. Renaissance Technologies LLC now owns 122,883 shares of the industrial products company’s stock worth $8,775,000 after acquiring an additional 81,400 shares during the period. Norges Bank bought a new position in Apogee Enterprises during the 4th quarter worth $5,698,000. American Century Companies Inc. increased its stake in Apogee Enterprises by 12.9% during the 4th quarter. American Century Companies Inc. now owns 692,139 shares of the industrial products company’s stock worth $49,426,000 after acquiring an additional 79,009 shares during the period. Finally, Bridgeway Capital Management LLC bought a new position in Apogee Enterprises during the 4th quarter worth $5,535,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Apogee Enterprises Trading Up 5.8%

Shares of APOG opened at $41.99 on Friday. Apogee Enterprises, Inc. has a 52-week low of $37.53 and a 52-week high of $87.93. The business’s fifty day moving average is $39.97 and its 200-day moving average is $48.95. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.23 and a current ratio of 1.55. The firm has a market cap of $905.72 million, a price-to-earnings ratio of 17.94 and a beta of 0.97.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Friday, June 27th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.11. Apogee Enterprises had a return on equity of 21.81% and a net margin of 6.25%. The company had revenue of $346.62 million for the quarter, compared to analyst estimates of $326.08 million. During the same quarter last year, the company posted $1.44 EPS. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. Equities analysts anticipate that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Wednesday, July 16th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, July 16th. This represents a $1.04 dividend on an annualized basis and a yield of 2.48%. Apogee Enterprises’s dividend payout ratio is currently 26.80%.

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).