Ameriprise Financial Inc. Sells 15,988 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Ameriprise Financial Inc. reduced its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 11.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 127,854 shares of the industrial products company's stock after selling 15,988 shares during the period. Ameriprise Financial Inc. owned approximately 0.58% of Apogee Enterprises worth $9,130,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Endeavor Private Wealth Inc. bought a new stake in shares of Apogee Enterprises in the 4th quarter valued at about $32,000. New Age Alpha Advisors LLC purchased a new stake in shares of Apogee Enterprises during the fourth quarter worth $40,000. Meeder Asset Management Inc. purchased a new stake in shares of Apogee Enterprises in the fourth quarter worth $57,000. KBC Group NV raised its position 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 valued at $92,000 after purchasing an additional 408 shares in the last quarter. Finally, Vestcor Inc bought a new position in shares of Apogee Enterprises during the fourth quarter valued at about $106,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Apogee Enterprises Trading Down 1.3%

Shares of APOG stock opened at $40.61 on Wednesday. The stock has a fifty day simple moving average of $44.11 and a two-hundred day simple moving average of $57.49. Apogee Enterprises, Inc. has a 52-week low of $38.45 and a 52-week high of $87.93. The firm has a market capitalization of $876.08 million, a PE ratio of 9.06 and a beta of 0.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.27 and a current ratio of 1.63.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last issued its earnings results on Thursday, April 24th. The industrial products company reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $0.90 by ($0.01). The company had revenue of $345.69 million for the quarter, compared to analysts' expectations of $331.82 million. Apogee Enterprises had a return on equity of 23.14% and a net margin of 7.14%. The business's revenue was down 4.4% compared to the same quarter last year. During the same period last year, the business posted $1.14 earnings per share. On average, analysts predict that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Tuesday, May 13th will be paid a dividend of $0.26 per share. The ex-dividend date is Tuesday, May 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.56%. Apogee Enterprises's payout ratio is currently 26.80%.

Analyst Ratings Changes

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

About Apogee Enterprises

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).

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