Bridgeway Capital Management LLC Purchases New Stake in Apogee Enterprises, Inc. (NASDAQ:APOG)

Bridgeway Capital Management LLC bought a new position in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 77,506 shares of the industrial products company's stock, valued at approximately $5,535,000. Bridgeway Capital Management LLC owned approximately 0.35% of Apogee Enterprises as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of APOG. Inspire Investing LLC acquired a new position in shares of Apogee Enterprises in the 4th quarter worth approximately $824,000. Franklin Resources Inc. lifted its holdings in Apogee Enterprises by 35.3% in the fourth quarter. Franklin Resources Inc. now owns 44,247 shares of the industrial products company's stock valued at $3,160,000 after buying an additional 11,552 shares during the period. Ritholtz Wealth Management boosted its position in Apogee Enterprises by 69.0% during the fourth quarter. Ritholtz Wealth Management now owns 22,095 shares of the industrial products company's stock valued at $1,578,000 after acquiring an additional 9,019 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Apogee Enterprises during the 4th quarter worth about $706,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Apogee Enterprises in the 4th quarter worth about $636,000. 94.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

APOG has been the topic of several research analyst reports. StockNews.com lowered Apogee Enterprises from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. Singular Research raised shares of Apogee Enterprises to a "moderate buy" rating in a research report on Tuesday, January 14th.

Apogee Enterprises Stock Down 0.1%

Shares of APOG traded down $0.05 during trading hours on Tuesday, hitting $42.08. The stock had a trading volume of 32,315 shares, compared to its average volume of 192,026. Apogee Enterprises, Inc. has a 1-year low of $38.45 and a 1-year high of $87.93. The firm has a market capitalization of $901.31 million, a P/E ratio of 9.39 and a beta of 0.99. The firm has a 50 day simple moving average of $44.88 and a 200-day simple moving average of $58.81. 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 issued its earnings results on Thursday, April 24th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.90 by ($0.01). The firm had revenue of $345.69 million during the quarter, compared to the consensus estimate of $331.82 million. Apogee Enterprises had a return on equity of 23.14% and a net margin of 7.14%. Apogee Enterprises's revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.14 earnings per share. Sell-side analysts predict that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders 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 2.47%. Apogee Enterprises's payout ratio is 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).