Corebridge Financial Inc. Has $832,000 Position in Apogee Enterprises, Inc. (NASDAQ:APOG)

Corebridge Financial Inc. cut its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 7.2% in the 4th quarter, Holdings Channel reports. The firm owned 11,646 shares of the industrial products company’s stock after selling 909 shares during the period. Corebridge Financial Inc.’s holdings in Apogee Enterprises were worth $832,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Endeavor Private Wealth Inc. bought a new position in shares of Apogee Enterprises in the fourth quarter worth about $32,000. Point72 Asia Singapore Pte. Ltd. boosted its position in Apogee Enterprises by 44.1% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,293 shares of the industrial products company’s stock valued at $91,000 after buying an additional 396 shares in the last quarter. KBC Group NV grew its stake in shares of Apogee Enterprises by 46.7% during the fourth quarter. KBC Group NV now owns 1,282 shares of the industrial products company’s stock worth $92,000 after buying an additional 408 shares during the last quarter. Vestcor Inc bought a new position in shares of Apogee Enterprises in the 4th quarter valued at $106,000. Finally, Caprock Group LLC acquired a new stake in shares of Apogee Enterprises during the 4th quarter valued at $225,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on APOG. Sidoti raised Apogee Enterprises from a “neutral” rating to a “buy” rating in a report on Friday, January 10th. StockNews.com lowered shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 9th. Singular Research raised shares of Apogee Enterprises to a “moderate buy” rating in a research note on Tuesday, January 14th. Finally, DA Davidson lowered their target price 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.

Apogee Enterprises Stock Performance

Shares of APOG stock opened at $45.13 on Friday. The firm has a 50 day moving average of $48.54 and a 200-day moving average of $64.86. The company has a market cap of $990.74 million, a price-to-earnings ratio of 10.07 and a beta of 1.04. The company has a quick ratio of 1.27, a current ratio of 1.63 and a debt-to-equity ratio of 0.52. Apogee Enterprises, Inc. has a 52 week low of $42.33 and a 52 week 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 EPS for the quarter, topping 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 business had revenue of $341.30 million during the quarter, compared to analysts’ expectations of $332.27 million. During the same period last year, the company posted $1.23 earnings per share. The business’s quarterly revenue was up .5% on a year-over-year basis. On average, equities analysts forecast that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Tuesday, January 28th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.30%. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, January 28th. Apogee Enterprises’s payout ratio is presently 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).