Grace & White Inc. NY Acquires 47,256 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Grace & White Inc. NY grew its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 155.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 77,656 shares of the industrial products company's stock after buying an additional 47,256 shares during the period. Grace & White Inc. NY owned 0.35% of Apogee Enterprises worth $3,598,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. SummerHaven Investment Management LLC boosted its position in shares of Apogee Enterprises by 2.2% during the first quarter. SummerHaven Investment Management LLC now owns 13,185 shares of the industrial products company's stock valued at $611,000 after purchasing an additional 282 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Apogee Enterprises by 4.0% during the fourth 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Apogee Enterprises by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,436 shares of the industrial products company's stock valued at $888,000 after purchasing an additional 412 shares in the last quarter. Sterling Capital Management LLC boosted its position in shares of Apogee Enterprises by 6.5% during the fourth quarter. Sterling Capital Management LLC now owns 6,986 shares of the industrial products company's stock valued at $499,000 after purchasing an additional 427 shares in the last quarter. Finally, Brevan Howard Capital Management LP boosted its position in shares of Apogee Enterprises by 16.2% during the fourth quarter. Brevan Howard Capital Management LP now owns 3,683 shares of the industrial products company's stock valued at $263,000 after purchasing an additional 514 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Apogee Enterprises Stock Up 1.9%

Apogee Enterprises stock traded up $0.74 during mid-day trading on Thursday, hitting $39.67. The company had a trading volume of 307,961 shares, compared to its average volume of 197,997. The company has a current ratio of 1.55, a quick ratio of 1.23 and a debt-to-equity ratio of 0.58. The stock's 50 day moving average price is $40.04 and its two-hundred day moving average price is $49.42. Apogee Enterprises, Inc. has a 12 month low of $37.53 and a 12 month high of $87.93. The company has a market capitalization of $855.68 million, a PE ratio of 10.22 and a beta of 0.97.

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

Apogee Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Wednesday, July 16th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.62%. Apogee Enterprises's dividend payout ratio (DPR) is 26.80%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Apogee Enterprises from a "buy" rating to a "hold" rating in a research 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).