Baird Financial Group Inc. Purchases 2,231 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Baird Financial Group Inc. increased its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 13.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,593 shares of the industrial products company’s stock after buying an additional 2,231 shares during the period. Baird Financial Group Inc.’s holdings in Apogee Enterprises were worth $1,328,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Barclays PLC grew its holdings in Apogee Enterprises by 77.8% in the third quarter. Barclays PLC now owns 63,769 shares of the industrial products company’s stock worth $4,466,000 after purchasing an additional 27,904 shares during the period. Ritholtz Wealth Management grew its holdings in Apogee Enterprises by 69.0% in the fourth quarter. Ritholtz Wealth Management now owns 22,095 shares of the industrial products company’s stock worth $1,578,000 after purchasing an additional 9,019 shares during the period. Endeavor Private Wealth Inc. acquired a new stake in Apogee Enterprises in the fourth quarter worth $32,000. Inspire Investing LLC acquired a new stake in Apogee Enterprises in the fourth quarter worth $824,000. Finally, KBC Group NV grew its holdings in 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 purchasing an additional 408 shares during the period. Institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Stock Down 0.4%

Shares of NASDAQ APOG opened at $42.20 on Wednesday. The stock has a market capitalization of $903.88 million, a P/E ratio of 9.42 and a beta of 0.99. The company has a 50-day moving average price of $44.76 and a 200-day moving average price of $58.70. Apogee Enterprises, Inc. has a 1 year low of $38.45 and a 1 year high of $87.93. 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 (NASDAQ:APOG) last issued its quarterly earnings data on Thursday, April 24th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.01). The business had revenue of $345.69 million for the quarter, compared to analyst estimates of $331.82 million. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.14 earnings per share. On average, equities research analysts forecast that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Tuesday, May 13th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Tuesday, May 13th. Apogee Enterprises’s payout ratio is currently 26.80%.

Analysts Set New Price Targets

APOG has been the subject of a number of research reports. Singular Research upgraded shares of Apogee Enterprises to a “moderate buy” rating in a report on Tuesday, January 14th. StockNews.com cut shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a report on Friday, April 25th.

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).