Headlands Technologies LLC Buys 5,576 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Headlands Technologies LLC raised its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 178.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 8,702 shares of the industrial products company’s stock after purchasing an additional 5,576 shares during the period. Headlands Technologies LLC’s holdings in Apogee Enterprises were worth $621,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Apogee Enterprises during the 3rd quarter valued at approximately $6,845,000. JPMorgan Chase & Co. boosted its position in shares of Apogee Enterprises by 87.9% in the fourth quarter. JPMorgan Chase & Co. now owns 186,744 shares of the industrial products company’s stock worth $13,335,000 after purchasing an additional 87,356 shares during the period. Norges Bank purchased a new stake in shares of 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% during the 4th 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, Victory Capital Management Inc. boosted its holdings in Apogee Enterprises by 7.0% in the 4th quarter. Victory Capital Management Inc. now owns 1,155,967 shares of the industrial products company’s stock worth $82,548,000 after buying an additional 75,438 shares during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Stock Up 2.8 %

Shares of APOG opened at $48.00 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.63 and a quick ratio of 1.27. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 10.71 and a beta of 1.04. Apogee Enterprises, Inc. has a 1 year low of $45.28 and a 1 year high of $87.93. The business’s 50 day simple moving average is $48.94 and its 200-day simple moving average is $65.17.

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

Apogee Enterprises Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Tuesday, January 28th were given a $0.26 dividend. The ex-dividend date was Tuesday, January 28th. This represents a $1.04 annualized dividend and a yield of 2.17%. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.25. Apogee Enterprises’s dividend payout ratio (DPR) is currently 23.21%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. StockNews.com cut Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 9th. Singular Research raised Apogee Enterprises to a “moderate buy” rating in a report on Tuesday, January 14th. Sidoti upgraded Apogee Enterprises from a “neutral” rating to a “buy” rating in a research note on Friday, January 10th. Finally, DA Davidson reduced their price objective on shares of Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th.

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).