Jane Street Group LLC Buys 12,846 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Jane Street Group LLC lifted its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 55.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,984 shares of the industrial products company's stock after acquiring an additional 12,846 shares during the quarter. Jane Street Group LLC owned approximately 0.16% of Apogee Enterprises worth $2,570,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of APOG. JPMorgan Chase & Co. boosted its stake in shares of Apogee Enterprises by 87.9% in the 4th quarter. JPMorgan Chase & Co. now owns 186,744 shares of the industrial products company's stock valued at $13,335,000 after purchasing an additional 87,356 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Apogee Enterprises by 196.2% in the fourth quarter. Renaissance Technologies LLC now owns 122,883 shares of the industrial products company's stock valued at $8,775,000 after purchasing an additional 81,400 shares during the last quarter. Norges Bank acquired a new position in shares of Apogee Enterprises during the 4th quarter worth about $5,698,000. American Century Companies Inc. boosted its stake in Apogee Enterprises by 12.9% during the 4th quarter. American Century Companies Inc. now owns 692,139 shares of the industrial products company's stock worth $49,426,000 after acquiring an additional 79,009 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in Apogee Enterprises by 7.0% in the fourth quarter. Victory Capital Management Inc. now owns 1,155,967 shares of the industrial products company's stock valued at $82,548,000 after purchasing an additional 75,438 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Apogee Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, April 25th.

Apogee Enterprises Stock Down 0.3%

Shares of APOG traded down $0.11 during midday trading on Tuesday, hitting $41.05. The stock had a trading volume of 7,651 shares, compared to its average volume of 250,324. The firm has a market cap of $885.46 million, a price-to-earnings ratio of 9.16 and a beta of 0.99. The company has a 50 day simple moving average of $44.23 and a two-hundred day simple moving average of $57.60. Apogee Enterprises, Inc. has a twelve month low of $38.45 and a twelve month 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 - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The industrial products company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $0.90 by ($0.01). Apogee Enterprises had a return on equity of 23.14% and a net margin of 7.14%. The firm had revenue of $345.69 million for the quarter, compared to analyst estimates of $331.82 million. During the same period last year, the company earned $1.14 EPS. The company's revenue was down 4.4% compared to the same quarter last year. On average, analysts anticipate that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Tuesday, May 13th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.53%. Apogee Enterprises's dividend payout ratio is presently 26.80%.

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).