Deutsche Bank AG Raises Stake in Apogee Enterprises, Inc. (NASDAQ:APOG)

Deutsche Bank AG grew its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 222.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,808 shares of the industrial products company's stock after acquiring an additional 27,473 shares during the period. Deutsche Bank AG owned about 0.18% of Apogee Enterprises worth $2,843,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of APOG. Barclays PLC increased its holdings in Apogee Enterprises by 77.8% during the 3rd quarter. Barclays PLC now owns 63,769 shares of the industrial products company's stock worth $4,466,000 after purchasing an additional 27,904 shares during the period. Endeavor Private Wealth Inc. acquired a new stake in Apogee Enterprises in the fourth quarter valued at approximately $32,000. Inspire Investing LLC acquired a new stake in Apogee Enterprises in the fourth quarter valued at approximately $824,000. KBC Group NV raised its holdings in Apogee Enterprises by 46.7% in the fourth quarter. KBC Group NV now owns 1,282 shares of the industrial products company's stock valued at $92,000 after acquiring an additional 408 shares in the last quarter. Finally, Caprock Group LLC acquired a new stake in Apogee Enterprises in the fourth quarter valued at approximately $225,000. Hedge funds and other institutional investors own 94.05% of the company's stock.

Apogee Enterprises Stock Down 0.6%

Shares of NASDAQ:APOG traded down $0.22 on Friday, hitting $38.66. 254,841 shares of the company's stock were exchanged, compared to its average volume of 194,046. The firm's 50-day moving average is $43.60 and its 200 day moving average is $56.63. The company has a market capitalization of $834.01 million, a PE ratio of 8.63 and a beta of 0.99. Apogee Enterprises, Inc. has a 1-year low of $38.06 and a 1-year 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.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last released 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). The business had revenue of $345.69 million for the quarter, compared to analyst estimates of $331.82 million. Apogee Enterprises had a return on equity of 23.14% and a net margin of 7.14%. The company's revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.14 earnings per share. Sell-side analysts predict that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders 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 yield of 2.69%. Apogee Enterprises's dividend payout ratio is currently 26.80%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Apogee Enterprises from a "buy" rating to a "hold" rating in a 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).