Dimensional Fund Advisors LP Has $80.57 Million Stake in Apogee Enterprises, Inc. (NASDAQ:APOG)

Dimensional Fund Advisors LP lessened its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,128,234 shares of the industrial products company's stock after selling 55,721 shares during the period. Dimensional Fund Advisors LP owned 5.14% of Apogee Enterprises worth $80,567,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Victory Capital Management Inc. raised its holdings in Apogee Enterprises by 7.0% in the 4th quarter. Victory Capital Management Inc. now owns 1,155,967 shares of the industrial products company's stock worth $82,548,000 after acquiring an additional 75,438 shares during the period. American Century Companies Inc. increased its stake in shares of Apogee Enterprises by 12.9% in the fourth quarter. American Century Companies Inc. now owns 692,139 shares of the industrial products company's stock worth $49,426,000 after purchasing an additional 79,009 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Apogee Enterprises by 87.9% during the 4th quarter. JPMorgan Chase & Co. now owns 186,744 shares of the industrial products company's stock worth $13,335,000 after purchasing an additional 87,356 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Apogee Enterprises by 196.2% during the 4th 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 period. Finally, Principal Financial Group Inc. grew its holdings in Apogee Enterprises by 3.9% in the 4th quarter. Principal Financial Group Inc. now owns 117,770 shares of the industrial products company's stock valued at $8,410,000 after buying an additional 4,373 shares during the last quarter. Institutional investors own 94.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on APOG shares. Singular Research raised Apogee Enterprises to a "moderate buy" rating in a research report on Tuesday, January 14th. Sidoti raised shares of Apogee Enterprises from a "neutral" rating to a "buy" rating in a research report on Friday, January 10th. StockNews.com cut Apogee Enterprises from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. Finally, DA Davidson reduced 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.

Apogee Enterprises Price Performance

APOG traded down $0.18 during midday trading on Monday, reaching $40.79. 5,535 shares of the company's stock were exchanged, compared to its average volume of 190,686. The company has a quick ratio of 1.27, a current ratio of 1.63 and a debt-to-equity ratio of 0.52. The business has a 50-day simple moving average of $45.70 and a two-hundred day simple moving average of $60.32. The firm has a market capitalization of $873.57 million, a price-to-earnings ratio of 9.10 and a beta of 0.85. Apogee Enterprises, Inc. has a one year low of $38.67 and a one year high of $87.93.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The industrial products company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.01). Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The company had revenue of $345.69 million during the quarter, compared to analyst estimates of $331.82 million. During the same period in the prior year, the firm earned $1.14 EPS. Apogee Enterprises's quarterly revenue was down 4.4% compared to the same quarter last year. As a group, research analysts predict that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Tuesday, May 13th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Tuesday, May 13th. Apogee Enterprises's dividend payout ratio is currently 26.80%.

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).