Principal Financial Group Inc. Has $5.59 Million Stock Holdings in Apogee Enterprises, Inc. (NASDAQ:APOG)

Principal Financial Group Inc. lifted its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 2.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 120,751 shares of the industrial products company’s stock after purchasing an additional 2,981 shares during the period. Principal Financial Group Inc. owned approximately 0.55% of Apogee Enterprises worth $5,594,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in Apogee Enterprises by 87.9% in the fourth quarter. JPMorgan Chase & Co. now owns 186,744 shares of the industrial products company’s stock valued at $13,335,000 after purchasing an additional 87,356 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Apogee Enterprises by 196.2% in the fourth quarter. Renaissance Technologies LLC now owns 122,883 shares of the industrial products company’s stock valued at $8,775,000 after acquiring an additional 81,400 shares during the last quarter. Norges Bank acquired a new stake in Apogee Enterprises in the fourth quarter worth $5,698,000. American Century Companies Inc. lifted its stake in shares of Apogee Enterprises by 12.9% in the fourth quarter. American Century Companies Inc. now owns 692,139 shares of the industrial products company’s stock valued at $49,426,000 after buying an additional 79,009 shares in the last quarter. Finally, Bridgeway Capital Management LLC purchased a new stake in Apogee Enterprises in the 4th quarter valued at about $5,535,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Apogee Enterprises Stock Down 2.6%

Shares of APOG stock opened at $41.09 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.36 and a current ratio of 1.77. The stock’s 50-day simple moving average is $40.37 and its 200-day simple moving average is $46.35. Apogee Enterprises, Inc. has a fifty-two week low of $37.53 and a fifty-two week high of $87.93. The firm has a market capitalization of $884.67 million, a PE ratio of 17.56 and a beta of 0.96.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings data on Friday, June 27th. The industrial products company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.11. The business had revenue of $346.62 million during the quarter, compared to analysts’ expectations of $326.08 million. Apogee Enterprises had a return on equity of 17.79% and a net margin of 3.73%. The company’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.44 earnings per share. Equities analysts expect that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Dividend Announcement

The firm 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 $0.26 dividend. The ex-dividend date is Wednesday, July 16th. This represents a $1.04 annualized dividend and a dividend yield of 2.53%. Apogee Enterprises’s dividend payout ratio is presently 44.44%.

Analysts Set New Price Targets

APOG has been the subject of a number of research analyst reports. Wall Street Zen downgraded Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, April 25th. DA Davidson reduced their target price on shares of Apogee Enterprises from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday, July 1st.

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).