Charles Schwab Investment Management Inc. Sells 2,623 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Charles Schwab Investment Management Inc. cut its stake in Apogee Enterprises, Inc. (NASDAQ:APOG) by 0.7% in the 4th quarter, Holdings Channel reports. The firm owned 378,934 shares of the industrial products company’s stock after selling 2,623 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Apogee Enterprises were worth $27,060,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Moran Wealth Management LLC raised its stake in Apogee Enterprises by 0.3% in the third quarter. Moran Wealth Management LLC now owns 98,367 shares of the industrial products company’s stock worth $6,887,000 after buying an additional 304 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Apogee Enterprises by 44.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,293 shares of the industrial products company’s stock worth $91,000 after acquiring an additional 396 shares during the period. KBC Group NV raised its position in shares of Apogee Enterprises by 46.7% in the 4th quarter. KBC Group NV now owns 1,282 shares of the industrial products company’s stock worth $92,000 after acquiring an additional 408 shares in the last quarter. Endeavor Private Wealth Inc. bought a new position in shares of Apogee Enterprises in the 4th quarter worth approximately $32,000. Finally, Diversified Trust Co lifted its stake in shares of Apogee Enterprises by 10.5% in the 4th quarter. Diversified Trust Co now owns 7,673 shares of the industrial products company’s stock valued at $548,000 after purchasing an additional 730 shares during the period. 94.05% of the stock is owned by hedge funds and other institutional investors.

Apogee Enterprises Stock Down 2.9 %

Shares of NASDAQ:APOG opened at $47.01 on Tuesday. The company has a current ratio of 1.63, a quick ratio of 1.27 and a debt-to-equity ratio of 0.52. The stock has a fifty day simple moving average of $50.67 and a two-hundred day simple moving average of $66.58. Apogee Enterprises, Inc. has a 12-month low of $45.33 and a 12-month high of $87.93. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 10.49 and a beta of 1.04.

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 the consensus estimate of $1.11 by $0.08. The firm had revenue of $341.30 million during 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%. The company’s revenue was up .5% on a year-over-year basis. During the same period last year, the company earned $1.23 earnings per share. On average, research analysts anticipate that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Tuesday, January 28th were issued a $0.26 dividend. The ex-dividend date was Tuesday, January 28th. This is a boost from Apogee Enterprises’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 2.21%. Apogee Enterprises’s payout ratio is 23.21%.

Wall Street Analysts Forecast Growth

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

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).