Apogee Enterprises, Inc. $APOG Shares Acquired by Deprince Race & Zollo Inc.

Key Points

• Deprince Race & Zollo increased its stake in Apogee by 70.3% in Q4 to 852,351 shares, representing about 3.96% ownership worth roughly $31.0 million.
• Other institutions also shifted positions — notably Millennium Management added 292,952 shares to hold 320,220 — and institutional ownership stands at 94.05%.
• Analysts are mixed with an average rating of Hold and a $70.50 target; APOG trades near $36.22, has a market cap of about $779M, and recently raised its quarterly dividend to $0.27 (≈3.0% yield).

Deprince Race & Zollo Inc. lifted its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 70.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 852,351 shares of the industrial products company's stock after purchasing an additional 351,923 shares during the quarter. Deprince Race & Zollo Inc. owned about 3.96% of Apogee Enterprises worth $31,034,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in APOG. Royal Bank of Canada grew its holdings in Apogee Enterprises by 40.3% in the 1st quarter. Royal Bank of Canada now owns 8,515 shares of the industrial products company's stock worth $395,000 after buying an additional 2,447 shares in the last quarter. AQR Capital Management LLC grew its holdings in Apogee Enterprises by 24.0% in the 1st quarter. AQR Capital Management LLC now owns 59,999 shares of the industrial products company's stock worth $2,780,000 after buying an additional 11,608 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Apogee Enterprises by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,992 shares of the industrial products company's stock worth $602,000 after buying an additional 556 shares in the last quarter. Millennium Management LLC grew its holdings in Apogee Enterprises by 1,074.3% in the 1st quarter. Millennium Management LLC now owns 320,220 shares of the industrial products company's stock worth $14,836,000 after buying an additional 292,952 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in Apogee Enterprises by 120.3% in the 1st quarter. Jane Street Group LLC now owns 79,281 shares of the industrial products company's stock worth $3,673,000 after buying an additional 43,297 shares in the last quarter. 94.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Stephens assumed coverage on Apogee Enterprises in a report on Tuesday, December 16th. They issued an "overweight" rating and a $95.00 price objective for the company. Zacks Research raised Apogee Enterprises from a "strong sell" rating to a "hold" rating in a report on Monday, March 16th. DA Davidson set a $46.00 price objective on Apogee Enterprises in a report on Friday, January 9th. Finally, Weiss Ratings lowered Apogee Enterprises from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $70.50.

Apogee Enterprises Stock Performance

Shares of NASDAQ APOG opened at $36.22 on Monday. The stock has a fifty day moving average price of $36.78 and a two-hundred day moving average price of $37.46. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.45 and a current ratio of 1.90. The firm has a market cap of $779.09 million, a P/E ratio of 19.58 and a beta of 1.12. Apogee Enterprises, Inc. has a 1 year low of $30.75 and a 1 year high of $49.99.

Apogee Enterprises Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Tuesday, February 3rd were given a dividend of $0.27 per share. This is a boost from Apogee Enterprises's previous quarterly dividend of $0.26. The ex-dividend date was Tuesday, February 3rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.0%. Apogee Enterprises's payout ratio is currently 58.38%.

Apogee Enterprises Profile

Apogee Enterprises, Inc is a diversified manufacturer and distributor of value-added architectural products and services. The company specializes in the design, fabrication and installation of high-performance glass, framing systems, curtain walls, skylights and other building envelope solutions. Its operations span three primary platforms—Architectural Framing Systems, Architectural Glass and Architectural Services—enabling Apogee to deliver complete, integrated façade systems for new construction, renovation and retrofit projects.

Headquartered in Minneapolis, Minnesota, Apogee traces its roots to the mid-20th century and today serves commercial, institutional and residential markets across North America and Europe.

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