Apogee Enterprises, Inc. (NASDAQ:APOG) Shares Sold by Keybank National Association OH

Keybank National Association OH decreased its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,798 shares of the industrial products company’s stock after selling 273 shares during the quarter. Keybank National Association OH’s holdings in Apogee Enterprises were worth $414,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of APOG. Endeavor Private Wealth Inc. acquired a new position in shares of Apogee Enterprises during the fourth quarter valued at $32,000. Gladius Capital Management LP acquired a new position in shares of Apogee Enterprises during the third quarter valued at $33,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Apogee Enterprises during the third quarter valued at $58,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Apogee Enterprises by 44.1% during 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 acquiring an additional 396 shares during the period. Finally, KBC Group NV boosted its holdings 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 valued at $92,000 after acquiring an additional 408 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Apogee Enterprises Price Performance

Shares of NASDAQ APOG opened at $47.89 on Monday. 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 firm’s 50-day simple moving average is $53.54 and its 200 day simple moving average is $67.37. Apogee Enterprises, Inc. has a fifty-two week low of $45.33 and a fifty-two week high of $87.93. The stock has a market cap of $1.05 billion, a P/E ratio of 10.69 and a beta of 1.04.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The firm had revenue of $341.30 million for the quarter, compared to analysts’ expectations of $332.27 million. During the same period in the previous year, the business earned $1.23 earnings per share. Apogee Enterprises’s revenue for the quarter was up .5% compared to the same quarter last year. Equities analysts expect that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Tuesday, January 28th were given a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, January 28th. 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 2.17%. Apogee Enterprises’s payout ratio is 23.21%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on APOG shares. Sidoti raised shares of Apogee Enterprises from a “neutral” rating to a “buy” rating in a report on Friday, January 10th. DA Davidson cut their price objective on shares of Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Singular Research upgraded shares of Apogee Enterprises to a “moderate buy” rating in a research note on Tuesday, January 14th. Finally, StockNews.com cut shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 9th.

Apogee Enterprises 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).