EntryPoint Capital LLC Invests $537,000 in Apogee Enterprises, Inc. (NASDAQ:APOG)

EntryPoint Capital LLC bought a new position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 7,517 shares of the industrial products company’s stock, valued at approximately $537,000.

A number of other institutional investors and hedge funds have also bought and sold shares of APOG. Kingsview Wealth Management LLC acquired a new position in shares of Apogee Enterprises in the third quarter valued at approximately $2,134,000. Geode Capital Management LLC lifted its position in shares of Apogee Enterprises by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 530,226 shares of the industrial products company’s stock valued at $37,131,000 after acquiring an additional 7,382 shares during the period. Inspire Investing LLC acquired a new stake in shares of Apogee Enterprises in the 4th quarter valued at approximately $824,000. Intech Investment Management LLC grew its holdings in shares of Apogee Enterprises by 255.5% during the 3rd quarter. Intech Investment Management LLC now owns 32,415 shares of the industrial products company’s stock valued at $2,270,000 after purchasing an additional 23,296 shares during the last quarter. Finally, Ritholtz Wealth Management increased its position in Apogee Enterprises by 69.0% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Apogee Enterprises Stock Performance

NASDAQ APOG opened at $48.31 on Tuesday. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 10.78 and a beta of 1.04. Apogee Enterprises, Inc. has a twelve month low of $45.33 and a twelve month high of $87.93. The stock has a fifty day simple moving average of $50.07 and a 200 day simple moving average of $65.97. The company has a quick ratio of 1.27, a current ratio of 1.63 and a debt-to-equity ratio of 0.52.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.08. The company had revenue of $341.30 million during the quarter, compared to analysts’ expectations of $332.27 million. Apogee Enterprises had a return on equity of 23.14% and a net margin of 7.14%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.23 earnings per share. Sell-side analysts expect that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Increases Dividend

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on APOG. StockNews.com cut shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 9th. Sidoti upgraded Apogee Enterprises from a “neutral” rating to a “buy” rating in a research report on Friday, January 10th. DA Davidson dropped their target price on Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Finally, Singular Research raised Apogee Enterprises to a “moderate buy” rating in a research note on Tuesday, January 14th.

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).