Thrivent Financial for Lutherans Sells 263 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Thrivent Financial for Lutherans reduced its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 1.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,961 shares of the industrial products company’s stock after selling 263 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Apogee Enterprises were worth $1,211,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of APOG. Point72 Asia Singapore Pte. Ltd. grew its stake in Apogee Enterprises by 44.1% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,293 shares of the industrial products company’s stock worth $91,000 after buying an additional 396 shares in the last quarter. KBC Group NV lifted its position in Apogee Enterprises by 46.7% in the fourth quarter. KBC Group NV now owns 1,282 shares of the industrial products company’s stock valued at $92,000 after purchasing an additional 408 shares during the last quarter. Endeavor Private Wealth Inc. purchased a new stake in Apogee Enterprises during the 4th quarter valued at $32,000. Diversified Trust Co raised its position in Apogee Enterprises by 10.5% during 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 last quarter. Finally, Vestcor Inc purchased a new stake in Apogee Enterprises in the fourth quarter worth $106,000. 94.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Apogee Enterprises Stock Down 0.7 %

APOG stock opened at $46.33 on Tuesday. The business’s 50-day moving average price is $49.33 and its 200-day moving average price is $65.43. The company has a quick ratio of 1.27, a current ratio of 1.63 and a debt-to-equity ratio of 0.52. The stock has a market cap of $1.02 billion, a P/E ratio of 10.34 and a beta of 1.04. Apogee Enterprises, Inc. has a twelve month low of $45.28 and a twelve month high of $87.93.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.08. The business 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 firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.23 EPS. On average, equities 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. Investors of record on Tuesday, January 28th were issued a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, January 28th. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.24%. Apogee Enterprises’s dividend payout ratio (DPR) is 23.21%.

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).