Algert Global LLC Invests $1.22 Million in Apogee Enterprises, Inc. (NASDAQ:APOG)

Algert Global LLC acquired a new position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 17,018 shares of the industrial products company's stock, valued at approximately $1,215,000. Algert Global LLC owned 0.08% of Apogee Enterprises as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bank of Montreal Can grew its position in Apogee Enterprises by 4.0% in the 4th quarter. Bank of Montreal Can now owns 7,734 shares of the industrial products company's stock worth $552,000 after purchasing an additional 298 shares during the last quarter. KBC Group NV grew its holdings in Apogee Enterprises by 46.7% in the 4th quarter. KBC Group NV now owns 1,282 shares of the industrial products company's stock worth $92,000 after buying an additional 408 shares in the last quarter. Sterling Capital Management LLC increased its position in Apogee Enterprises by 6.5% in the 4th quarter. Sterling Capital Management LLC now owns 6,986 shares of the industrial products company's stock valued at $499,000 after acquiring an additional 427 shares during the period. Endeavor Private Wealth Inc. bought a new stake in Apogee Enterprises during the 4th quarter valued at $32,000. Finally, LPL Financial LLC boosted its position in Apogee Enterprises by 14.6% during the 4th quarter. LPL Financial LLC now owns 4,253 shares of the industrial products company's stock worth $304,000 after acquiring an additional 541 shares during the period. Institutional investors and hedge funds own 94.05% of the company's stock.

Apogee Enterprises Trading Up 0.9 %

Shares of Apogee Enterprises stock opened at $40.76 on Friday. The business has a fifty day simple moving average of $44.98 and a 200-day simple moving average of $59.15. Apogee Enterprises, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $87.93. The firm has a market cap of $873.04 million, a price-to-earnings ratio of 9.10 and a beta of 0.99. 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 - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The industrial products company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.01). The business had revenue of $345.69 million for the quarter, compared to the consensus estimate of $331.82 million. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The business's revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter last year, the business posted $1.14 EPS. On average, equities analysts forecast that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.26 per share. The ex-dividend date is Tuesday, May 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.55%. Apogee Enterprises's dividend payout ratio (DPR) is presently 26.80%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on APOG shares. StockNews.com cut shares of Apogee Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, April 25th. Singular Research upgraded shares of Apogee Enterprises to a "moderate buy" rating in a research report on Tuesday, January 14th.

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).

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