Deprince Race & Zollo Inc. Grows Stock Holdings in Apogee Enterprises, Inc. $APOG

Deprince Race & Zollo Inc. grew its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 97.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 500,428 shares of the industrial products company’s stock after acquiring an additional 246,529 shares during the period. Deprince Race & Zollo Inc. owned about 2.33% of Apogee Enterprises worth $21,804,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of APOG. Raymond James Financial Inc. purchased a new position in shares of Apogee Enterprises during the second quarter valued at $38,000. Financial Gravity Companies Inc. bought a new position in Apogee Enterprises in the second quarter worth approximately $38,000. Quarry LP lifted its holdings in Apogee Enterprises by 3,991.1% during the first quarter. Quarry LP now owns 1,841 shares of the industrial products company’s stock worth $85,000 after buying an additional 1,796 shares during the period. McElhenny Sheffield Capital Management LLC bought a new stake in Apogee Enterprises during the 2nd quarter valued at $86,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Apogee Enterprises by 45.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,174 shares of the industrial products company’s stock valued at $88,000 after acquiring an additional 684 shares during the period. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Apogee Enterprises Trading Up 0.9%

NASDAQ APOG opened at $37.96 on Friday. Apogee Enterprises, Inc. has a 1 year low of $32.77 and a 1 year high of $73.43. 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 company has a market capitalization of $816.52 million, a PE ratio of 18.61 and a beta of 1.12. The company has a fifty day moving average of $36.97 and a 200 day moving average of $40.32.

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

Apogee Enterprises Dividend Announcement

The company also recently declared 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. This represents a $1.04 annualized dividend and a yield of 2.7%. The ex-dividend date was Wednesday, October 29th. Apogee Enterprises’s dividend payout ratio (DPR) is currently 50.98%.

Wall Street Analysts Forecast Growth

APOG has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Apogee Enterprises in a research report on Thursday, October 30th. DA Davidson raised shares of Apogee Enterprises from a “neutral” rating to a “buy” rating and set a $47.00 target price for the company in a research report on Monday, November 17th. Stephens initiated coverage on Apogee Enterprises in a research note on Tuesday, December 16th. They set an “overweight” rating and a $95.00 price target on the stock. Finally, Wall Street Zen upgraded shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $71.00.

Apogee Enterprises Profile

Apogee Enterprises, Inc is a diversified manufacturer and distributor of value-added architectural products and services. The company specializes in the design, fabrication and installation of high-performance glass, framing systems, curtain walls, skylights and other building envelope solutions. Its operations span three primary platforms—Architectural Framing Systems, Architectural Glass and Architectural Services—enabling Apogee to deliver complete, integrated façade systems for new construction, renovation and retrofit projects.

Headquartered in Minneapolis, Minnesota, Apogee traces its roots to the mid-20th century and today serves commercial, institutional and residential markets across North America and Europe.