Canada Pension Plan Investment Board bought a new stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,100 shares of the industrial products company's stock, valued at approximately $507,000.
Other hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can boosted its position in shares of Apogee Enterprises by 4.0% during the 4th quarter. Bank of Montreal Can now owns 7,734 shares of the industrial products company's stock valued at $552,000 after purchasing an additional 298 shares in the last quarter. KBC Group NV boosted its holdings in Apogee Enterprises by 46.7% during the fourth 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 grew its position in Apogee Enterprises by 6.5% in the fourth quarter. Sterling Capital Management LLC now owns 6,986 shares of the industrial products company's stock worth $499,000 after buying an additional 427 shares during the last quarter. Endeavor Private Wealth Inc. bought a new position in shares of Apogee Enterprises in the fourth quarter valued at $32,000. Finally, LPL Financial LLC lifted its position in shares of Apogee Enterprises by 14.6% during the 4th quarter. LPL Financial LLC now owns 4,253 shares of the industrial products company's stock valued at $304,000 after acquiring an additional 541 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.
Apogee Enterprises Stock Down 1.8 %
Shares of APOG stock traded down $0.71 on Wednesday, reaching $39.67. 198,626 shares of the company's stock traded hands, compared to its average volume of 192,394. The company has a market capitalization of $870.88 million, a P/E ratio of 8.85 and a beta of 0.85. Apogee Enterprises, Inc. has a 12-month low of $38.67 and a 12-month high of $87.93. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.27 and a current ratio of 1.63. The business's 50 day moving average price is $46.02 and its two-hundred day moving average price is $61.11.
Apogee Enterprises (NASDAQ:APOG - Get Free Report) last released its earnings results 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 analysts' expectations of $331.82 million. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The company's revenue was down 4.4% compared to the same quarter last year. During the same period last year, the firm earned $1.14 EPS. On average, equities analysts forecast that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.
Apogee Enterprises Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Tuesday, May 13th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Tuesday, May 13th. Apogee Enterprises's dividend payout ratio (DPR) is currently 26.80%.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on APOG shares. Singular Research upgraded Apogee Enterprises to a "moderate buy" rating in a report on Tuesday, January 14th. DA Davidson cut their price objective on Apogee Enterprises from $75.00 to $62.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Sidoti upgraded shares of Apogee Enterprises from a "neutral" rating to a "buy" rating in a report on Friday, January 10th. Finally, StockNews.com downgraded shares of Apogee Enterprises from a "buy" rating to a "hold" rating in a research report on Friday, April 25th.
Get Our Latest Report on APOG
About Apogee Enterprises
(
Free Report)
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).
Read More
Before you consider Apogee Enterprises, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Apogee Enterprises wasn't on the list.
While Apogee Enterprises currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
