1,480 Shares in Apogee Enterprises, Inc. (NASDAQ:APOG) Bought by Vestcor Inc

Vestcor Inc acquired a new position in Apogee Enterprises, Inc. (NASDAQ:APOG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,480 shares of the industrial products company’s stock, valued at approximately $106,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Endeavor Private Wealth Inc. purchased a new stake in shares of Apogee Enterprises in the fourth quarter worth $32,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Apogee Enterprises in the third quarter worth $58,000. Point72 Asia Singapore Pte. Ltd. raised its position in shares of 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 worth $91,000 after buying an additional 396 shares in the last quarter. KBC Group NV raised its position in shares of Apogee Enterprises by 46.7% in 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 in the last quarter. Finally, Millburn Ridgefield Corp bought a new position in Apogee Enterprises in the third quarter valued at $131,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Analyst Ratings Changes

APOG has been the topic of a number of research analyst reports. StockNews.com cut Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 9th. Singular Research raised Apogee Enterprises to a “moderate buy” rating in a research note on Tuesday, January 14th. Sidoti raised Apogee Enterprises from a “neutral” rating to a “buy” rating in a research note on Friday, January 10th. Finally, DA Davidson reduced their target price on Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th.

Apogee Enterprises Stock Down 0.1 %

Shares of NASDAQ:APOG opened at $46.95 on Wednesday. The stock’s 50-day moving average price is $50.46 and its 200-day moving average price is $66.44. Apogee Enterprises, Inc. has a 12-month low of $45.33 and a 12-month high of $87.93. The stock has a market capitalization of $1.03 billion, a P/E ratio of 10.48 and a beta of 1.04. The company has a current ratio of 1.63, a quick ratio of 1.27 and a debt-to-equity ratio of 0.52.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings data on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $332.27 million. During the same period last year, the firm earned $1.23 earnings per share. The company’s revenue for the quarter was up .5% compared to the same quarter last year. On average, equities analysts anticipate that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Tuesday, January 28th. Apogee Enterprises’s dividend payout ratio (DPR) is 23.21%.

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).