American Century Companies Inc. Boosts Stock Position in Apogee Enterprises, Inc. $APOG

American Century Companies Inc. boosted its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 4.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 794,232 shares of the industrial products company’s stock after buying an additional 33,411 shares during the period. American Century Companies Inc. owned approximately 3.69% of Apogee Enterprises worth $32,246,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Millennium Management LLC grew its stake in shares of Apogee Enterprises by 1,074.3% in the first quarter. Millennium Management LLC now owns 320,220 shares of the industrial products company’s stock worth $14,836,000 after acquiring an additional 292,952 shares during the last quarter. Segall Bryant & Hamill LLC lifted its stake in shares of Apogee Enterprises by 27.9% in the second quarter. Segall Bryant & Hamill LLC now owns 925,641 shares of the industrial products company’s stock worth $37,581,000 after buying an additional 201,653 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Apogee Enterprises by 103.2% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 193,150 shares of the industrial products company’s stock valued at $8,949,000 after buying an additional 98,080 shares during the last quarter. CX Institutional raised its holdings in Apogee Enterprises by 120.7% in the 2nd quarter. CX Institutional now owns 119,022 shares of the industrial products company’s stock worth $4,832,000 after acquiring an additional 65,096 shares during the last quarter. Finally, Nuveen LLC bought a new position in Apogee Enterprises in the 1st quarter valued at approximately $2,567,000. 94.05% of the stock is owned by institutional investors.

Apogee Enterprises Stock Performance

APOG opened at $36.42 on Friday. The company has a 50 day simple moving average of $38.49 and a two-hundred day simple moving average of $40.46. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.76 and a quick ratio of 1.37. The firm has a market cap of $783.39 million, a P/E ratio of 17.85 and a beta of 1.10. Apogee Enterprises, Inc. has a 1-year low of $32.77 and a 1-year high of $85.29.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Friday, October 10th. The industrial products company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.14. The company had revenue of $358.19 million for the quarter, compared to analysts’ expectations of $350.91 million. Apogee Enterprises had a net margin of 3.19% and a return on equity of 15.76%. Apogee Enterprises’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.44 EPS. Equities analysts forecast that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Wednesday, October 29th were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, October 29th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.9%. Apogee Enterprises’s dividend payout ratio is currently 50.98%.

Wall Street Analysts Forecast Growth

APOG has been the subject of several recent analyst reports. DA Davidson upgraded Apogee Enterprises from a “neutral” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Monday, November 17th. Weiss Ratings restated a “hold (c)” rating on shares of Apogee Enterprises in a research note on Thursday, October 30th. Finally, Wall Street Zen upgraded shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $47.00.

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).