Cubist Systematic Strategies LLC Raises Holdings in Apogee Enterprises, Inc. (NASDAQ:APOG)

Cubist Systematic Strategies LLC increased its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG) by 4.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,239 shares of the industrial products company’s stock after buying an additional 617 shares during the period. Cubist Systematic Strategies LLC owned about 0.07% of Apogee Enterprises worth $1,088,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Endeavor Private Wealth Inc. purchased a new position in shares of Apogee Enterprises in the 4th quarter valued at $32,000. New Age Alpha Advisors LLC purchased a new position in shares of Apogee Enterprises in the 4th quarter valued at $40,000. Meeder Asset Management Inc. purchased a new position in shares of Apogee Enterprises in the 4th quarter valued at $57,000. KBC Group NV increased its holdings in shares of 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. Finally, Vestcor Inc purchased a new position in shares of Apogee Enterprises in the 4th quarter valued at $106,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Stock Down 0.4%

Shares of APOG stock opened at $42.20 on Wednesday. Apogee Enterprises, Inc. has a 1-year low of $38.45 and a 1-year high of $87.93. The stock’s fifty day moving average price is $44.76 and its 200 day moving average price is $58.70. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.63 and a quick ratio of 1.27. The company has a market cap of $903.88 million, a price-to-earnings ratio of 9.42 and a beta of 0.99.

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

Apogee Enterprises Announces Dividend

The firm 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 dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $1.04 annualized dividend and a yield of 2.46%. Apogee Enterprises’s dividend payout ratio (DPR) is 26.80%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on APOG. StockNews.com downgraded Apogee Enterprises from a “buy” rating to a “hold” rating in a report on Friday, April 25th. Singular Research upgraded Apogee Enterprises to a “moderate buy” rating in a report on Tuesday, January 14th.

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).