Vanguard Group Inc. Buys 2,137 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Vanguard Group Inc. boosted its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 0.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,112,763 shares of the industrial products company’s stock after acquiring an additional 2,137 shares during the period. Vanguard Group Inc. owned 0.14% of Apogee Enterprises worth $222,282,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. increased its stake in shares of Apogee Enterprises by 7.0% in the fourth quarter. Victory Capital Management Inc. now owns 1,155,967 shares of the industrial products company’s stock worth $82,548,000 after purchasing an additional 75,438 shares in the last quarter. American Century Companies Inc. boosted its holdings in Apogee Enterprises by 12.9% in the 4th quarter. American Century Companies Inc. now owns 692,139 shares of the industrial products company’s stock worth $49,426,000 after buying an additional 79,009 shares during the period. Geode Capital Management LLC increased its stake in Apogee Enterprises by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 530,226 shares of the industrial products company’s stock worth $37,131,000 after buying an additional 7,382 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Apogee Enterprises by 3.9% during the fourth quarter. Principal Financial Group Inc. now owns 117,770 shares of the industrial products company’s stock valued at $8,410,000 after acquiring an additional 4,373 shares during the period. Finally, FMR LLC lifted its position in shares of Apogee Enterprises by 12.5% in the third quarter. FMR LLC now owns 104,690 shares of the industrial products company’s stock valued at $7,330,000 after acquiring an additional 11,627 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Stock Performance

NASDAQ APOG opened at $45.13 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.63 and a quick ratio of 1.27. Apogee Enterprises, Inc. has a 1-year low of $42.33 and a 1-year high of $87.93. The business has a 50 day simple moving average of $48.54 and a two-hundred day simple moving average of $64.86. The stock has a market capitalization of $990.74 million, a PE ratio of 10.07 and a beta of 1.04.

Apogee Enterprises (NASDAQ:APOG) last posted its 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 firm had revenue of $341.30 million during the quarter, compared to analyst estimates of $332.27 million. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. Apogee Enterprises’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the firm posted $1.23 earnings per share. On average, research analysts predict that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal 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. The ex-dividend date was Tuesday, January 28th. This is an increase 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 2.30%. Apogee Enterprises’s payout ratio is 23.21%.

Wall Street Analysts Forecast Growth

APOG has been the subject of several research analyst reports. DA Davidson cut their target price 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. StockNews.com cut shares of 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 research report on Tuesday, January 14th. 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).