Integrated Quantitative Investments LLC Makes New Investment in Apogee Enterprises, Inc. (NASDAQ:APOG)

Integrated Quantitative Investments LLC purchased a new stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 14,700 shares of the industrial products company’s stock, valued at approximately $1,050,000.

Several other hedge funds also recently bought and sold shares of the company. Endeavor Private Wealth Inc. purchased a new stake in Apogee Enterprises during the fourth quarter valued at approximately $32,000. New Age Alpha Advisors LLC purchased a new position in shares of Apogee Enterprises during the fourth quarter valued at $40,000. Meeder Asset Management Inc. purchased a new position in Apogee Enterprises during the fourth quarter valued at approximately $57,000. Point72 Asia Singapore Pte. Ltd. boosted its position in Apogee Enterprises by 44.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,293 shares of the industrial products company’s stock valued at $91,000 after acquiring an additional 396 shares in the last quarter. Finally, 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. Institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Stock Down 5.3 %

Shares of NASDAQ APOG opened at $45.44 on Friday. The stock has a market cap of $997.54 million, a P/E ratio of 10.14 and a beta of 1.04. The business’s fifty day simple moving average is $48.74 and its 200-day simple moving average is $65.04. Apogee Enterprises, Inc. has a 12-month low of $44.77 and a 12-month high of $87.93. 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 the consensus estimate of $1.11 by $0.08. The business 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% compared to the same quarter last year. During the same quarter last year, the business posted $1.23 EPS. As a group, equities analysts predict that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Tuesday, January 28th were paid a dividend of $0.26 per share. The ex-dividend date was Tuesday, January 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.29%. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.25. Apogee Enterprises’s payout ratio is presently 23.21%.

Analysts Set New Price Targets

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

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).