Apogee Enterprises, Inc. (NASDAQ:APOG) Shares Acquired by Gotham Asset Management LLC

Gotham Asset Management LLC increased its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 11.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,630 shares of the industrial products company’s stock after acquiring an additional 1,434 shares during the period. Gotham Asset Management LLC’s holdings in Apogee Enterprises were worth $973,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Endeavor Private Wealth Inc. acquired a new stake in shares of Apogee Enterprises in the 4th quarter worth approximately $32,000. New Age Alpha Advisors LLC acquired a new stake in Apogee Enterprises during the 4th quarter valued at $40,000. Meeder Asset Management Inc. acquired a new stake in Apogee Enterprises during the 4th quarter valued at $57,000. KBC Group NV grew its holdings in 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 buying an additional 408 shares during the last quarter. Finally, Vestcor Inc acquired a new stake in Apogee Enterprises during the 4th quarter valued at $106,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Apogee Enterprises Price Performance

Shares of NASDAQ:APOG opened at $41.38 on Friday. The business’s fifty day moving average price is $44.36 and its two-hundred day moving average price is $57.96. The stock has a market cap of $892.69 million, a PE ratio of 9.24 and a beta of 0.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.27 and a current ratio of 1.63. Apogee Enterprises, Inc. has a one year low of $38.45 and a one year high of $87.93.

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

Apogee Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Tuesday, May 13th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Tuesday, May 13th. Apogee Enterprises’s dividend payout ratio (DPR) is 26.80%.

Analysts Set New Price Targets

Separately, StockNews.com cut Apogee Enterprises from a “buy” rating to a “hold” rating in a report on Friday, April 25th.

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).