Apogee Enterprises, Inc. (NASDAQ:APOG) Position Raised by Intech Investment Management LLC

Intech Investment Management LLC raised its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 170.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 87,537 shares of the industrial products company’s stock after purchasing an additional 55,122 shares during the quarter. Intech Investment Management LLC owned about 0.40% of Apogee Enterprises worth $6,251,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Apogee Enterprises in the third quarter valued at $6,845,000. Victory Capital Management Inc. boosted its position in shares of Apogee Enterprises by 7.0% during the 4th quarter. Victory Capital Management Inc. now owns 1,155,967 shares of the industrial products company’s stock valued at $82,548,000 after purchasing an additional 75,438 shares in the last quarter. Foundry Partners LLC bought a new position in shares of Apogee Enterprises during the 3rd quarter valued at about $4,182,000. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Apogee Enterprises by 179.1% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 54,700 shares of the industrial products company’s stock worth $3,898,000 after purchasing an additional 35,100 shares during the last quarter. Finally, Kingsview Wealth Management LLC bought a new stake in shares of Apogee Enterprises in the 3rd quarter worth approximately $2,134,000. 94.05% of the stock is owned by institutional investors.

Apogee Enterprises Trading Down 0.1 %

Apogee Enterprises stock opened at $46.95 on Wednesday. Apogee Enterprises, Inc. has a 52 week low of $45.33 and a 52 week high of $87.93. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.27 and a current ratio of 1.63. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 10.48 and a beta of 1.04. The company has a 50 day moving average price of $50.46 and a 200 day moving average price of $66.44.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The business had revenue of $341.30 million for the quarter, compared to the consensus estimate of $332.27 million. Apogee Enterprises had a return on equity of 23.14% and a net margin of 7.14%. Apogee Enterprises’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.23 earnings per share. Research analysts forecast that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Tuesday, January 28th were issued a $0.26 dividend. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, January 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.22%. Apogee Enterprises’s dividend payout ratio is currently 23.21%.

Wall Street Analysts Forecast Growth

APOG has been the topic of several recent research reports. StockNews.com lowered shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 9th. Sidoti raised Apogee Enterprises from a “neutral” rating to a “buy” rating in a research report on Friday, January 10th. DA Davidson decreased their price target on Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Finally, Singular Research raised Apogee Enterprises to a “moderate buy” rating in a research note on Tuesday, January 14th.

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).