Apogee Enterprises, Inc. (NASDAQ:APOG) Holdings Raised by Jane Street Group LLC

Jane Street Group LLC lifted its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 55.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,984 shares of the industrial products company’s stock after purchasing an additional 12,846 shares during the quarter. Jane Street Group LLC owned approximately 0.16% of Apogee Enterprises worth $2,570,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Inspire Investing LLC acquired a new position in shares of Apogee Enterprises during the 4th quarter worth $824,000. Franklin Resources Inc. increased its stake in shares of Apogee Enterprises by 35.3% during the 4th quarter. Franklin Resources Inc. now owns 44,247 shares of the industrial products company’s stock worth $3,160,000 after purchasing an additional 11,552 shares during the last quarter. Ritholtz Wealth Management increased its stake in shares of Apogee Enterprises by 69.0% during the 4th quarter. Ritholtz Wealth Management now owns 22,095 shares of the industrial products company’s stock worth $1,578,000 after purchasing an additional 9,019 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Apogee Enterprises during the 4th quarter worth $706,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Apogee Enterprises during the 4th quarter worth $636,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Apogee Enterprises Stock Performance

NASDAQ:APOG opened at $40.82 on Thursday. Apogee Enterprises, Inc. has a 1 year low of $38.45 and a 1 year high of $87.93. The firm’s fifty day simple moving average is $44.62 and its 200 day simple moving average is $58.57. 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 firm has a market capitalization of $874.32 million, a PE ratio of 9.11 and a beta of 0.99.

Apogee Enterprises (NASDAQ:APOG) last posted its earnings results on Thursday, April 24th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.01). Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The firm had revenue of $345.69 million during the quarter, compared to analyst estimates of $331.82 million. During the same quarter in the previous year, the business posted $1.14 earnings per share. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Tuesday, May 13th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.55%. Apogee Enterprises’s payout ratio is presently 26.80%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, April 25th.

About Apogee Enterprises

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).