Apogee Enterprises, Inc. (NASDAQ:APOG) Position Increased by Intech Investment Management LLC

Intech Investment Management LLC raised its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 170.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,537 shares of the industrial products company’s stock after purchasing an additional 55,122 shares during the quarter. Intech Investment Management LLC’s holdings in Apogee Enterprises were worth $6,251,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of APOG. Endeavor Private Wealth Inc. bought a new stake in shares of Apogee Enterprises in the 4th quarter valued at approximately $32,000. Harvest Fund Management Co. Ltd bought a new stake in Apogee Enterprises in the third quarter worth approximately $58,000. Point72 Asia Singapore Pte. Ltd. increased its stake 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 purchasing an additional 396 shares during the last quarter. KBC Group NV raised its holdings in shares of Apogee Enterprises by 46.7% during the 4th 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 in the last quarter. Finally, Vestcor Inc acquired a new stake in shares of Apogee Enterprises in the 4th quarter valued at $106,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Apogee Enterprises Stock Down 0.1 %

APOG stock opened at $46.95 on Wednesday. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 10.48 and a beta of 1.04. The company has a 50-day moving average of $50.46 and a two-hundred day moving average of $66.44. Apogee Enterprises, Inc. has a 52-week low of $45.33 and a 52-week high of $87.93. 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 (NASDAQ:APOG) last announced its 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 firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.23 EPS. As a group, equities research analysts anticipate that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Tuesday, January 28th were paid a dividend of $0.26 per share. 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 2.22%. The ex-dividend date of this dividend was Tuesday, January 28th. Apogee Enterprises’s dividend payout ratio is presently 23.21%.

Analysts Set New Price Targets

Several research firms have commented on APOG. StockNews.com downgraded shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 9th. Sidoti raised Apogee Enterprises from a “neutral” rating to a “buy” rating in a research note on Friday, January 10th. DA Davidson reduced their target price on Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Finally, Singular Research upgraded Apogee Enterprises to a “moderate buy” rating in a report on Tuesday, January 14th.

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).