Assenagon Asset Management S.A. Makes New Investment in Apogee Enterprises, Inc. (NASDAQ:APOG)

Assenagon Asset Management S.A. acquired a new position in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 14,913 shares of the industrial products company's stock, valued at approximately $691,000. Assenagon Asset Management S.A. owned 0.07% of Apogee Enterprises at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. New Age Alpha Advisors LLC purchased a new position in Apogee Enterprises in the fourth quarter valued at approximately $40,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Apogee Enterprises in the fourth quarter worth $42,000. Meeder Asset Management Inc. purchased a new position in shares of Apogee Enterprises in the 4th quarter valued at $57,000. Vestcor Inc purchased a new position in shares of Apogee Enterprises in the 4th quarter valued at $106,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Apogee Enterprises during the 4th quarter valued at $228,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Apogee Enterprises Stock Up 1.5%

Shares of NASDAQ:APOG traded up $0.56 during mid-day trading on Friday, hitting $38.14. 528,726 shares of the company traded hands, compared to its average volume of 196,598. The firm's 50 day simple moving average is $40.57 and its 200 day simple moving average is $50.39. The firm has a market cap of $822.68 million, a P/E ratio of 9.83 and a beta of 0.97. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.23 and a current ratio of 1.55. Apogee Enterprises, Inc. has a 52-week low of $37.53 and a 52-week high of $87.93.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.01). Apogee Enterprises had a net margin of 6.25% and a return on equity of 21.81%. The firm had revenue of $345.69 million during the quarter, compared to analyst estimates of $331.82 million. During the same period last year, the business earned $1.14 EPS. The firm's revenue was down 4.4% compared to the same quarter last year. On average, equities analysts anticipate that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Tuesday, May 13th were issued a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.73%. Apogee Enterprises's dividend payout ratio is currently 26.80%.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Apogee Enterprises from a "buy" rating to a "hold" rating in a report on Friday, April 25th.

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).