New Age Alpha Advisors LLC Invests $40,000 in Apogee Enterprises, Inc. (NASDAQ:APOG)

New Age Alpha Advisors LLC bought a new stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 558 shares of the industrial products company’s stock, valued at approximately $40,000.

Other hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of Apogee Enterprises by 1.4% in 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 buying an additional 7,382 shares during the period. Inspire Investing LLC acquired a new position in Apogee Enterprises in the fourth quarter valued at approximately $824,000. Ritholtz Wealth Management boosted its position in Apogee Enterprises by 69.0% in 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. FMR LLC grew its stake in shares of Apogee Enterprises by 12.5% during the 3rd quarter. FMR LLC now owns 104,690 shares of the industrial products company’s stock worth $7,330,000 after purchasing an additional 11,627 shares during the period. Finally, Amundi lifted its stake in shares of Apogee Enterprises by 160.0% in the 4th quarter. Amundi now owns 12,250 shares of the industrial products company’s stock valued at $875,000 after purchasing an additional 7,538 shares during the period. 94.05% of the stock is owned by hedge funds and other institutional investors.

Apogee Enterprises Stock Performance

APOG opened at $45.44 on Friday. The company has a market cap of $997.54 million, a price-to-earnings ratio of 10.14 and a beta of 1.04. The firm’s fifty day simple moving average is $48.74 and its two-hundred day simple moving average is $65.04. 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, Inc. has a 52-week low of $44.77 and a 52-week high of $87.93.

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 analysts’ consensus estimates of $1.11 by $0.08. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The firm had revenue of $341.30 million for the quarter, compared to analyst estimates of $332.27 million. During the same period last year, the company posted $1.23 EPS. Apogee Enterprises’s quarterly revenue was up .5% compared to the same quarter last year. Equities analysts anticipate that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Increases Dividend

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

Wall Street Analysts Forecast Growth

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

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).