Apogee Enterprises, Inc. (NASDAQ:APOG) Shares Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lifted its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 179.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,700 shares of the industrial products company’s stock after purchasing an additional 35,100 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.25% of Apogee Enterprises worth $3,898,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in APOG. Moran Wealth Management LLC increased its position in Apogee Enterprises by 0.3% in the 3rd quarter. Moran Wealth Management LLC now owns 98,367 shares of the industrial products company’s stock valued at $6,887,000 after acquiring an additional 304 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its position in Apogee Enterprises by 44.1% in the 3rd 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. KBC Group NV increased its position in Apogee Enterprises by 46.7% in the 4th 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. Endeavor Private Wealth Inc. acquired a new position in Apogee Enterprises in the 4th quarter valued at about $32,000. Finally, Gladius Capital Management LP acquired a new position in Apogee Enterprises in the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Apogee Enterprises Price Performance

Shares of NASDAQ:APOG opened at $48.41 on Monday. The business’s 50 day simple moving average is $51.15 and its 200-day simple moving average is $66.72. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 10.81 and a beta of 1.04. 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 12 month low of $45.33 and a 12 month high of $87.93.

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

Apogee Enterprises Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Tuesday, January 28th were given a dividend of $0.26 per share. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Tuesday, January 28th. Apogee Enterprises’s payout ratio is currently 23.21%.

Analyst Upgrades and Downgrades

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

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).