ProShare Advisors LLC Trims Stake in Apogee Enterprises, Inc. (NASDAQ:APOG)

ProShare Advisors LLC lessened its stake in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 14.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 99,269 shares of the industrial products company's stock after selling 16,985 shares during the quarter. ProShare Advisors LLC owned approximately 0.45% of Apogee Enterprises worth $7,089,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Endeavor Private Wealth Inc. purchased a new position in shares of Apogee Enterprises in the fourth quarter worth $32,000. New Age Alpha Advisors LLC purchased a new position in shares of Apogee Enterprises in the fourth quarter worth $40,000. Meeder Asset Management Inc. purchased a new position in shares of Apogee Enterprises in the fourth quarter worth $57,000. KBC Group NV lifted its holdings in shares of Apogee Enterprises by 46.7% in the fourth quarter. KBC Group NV now owns 1,282 shares of the industrial products company's stock worth $92,000 after buying an additional 408 shares in the last quarter. Finally, Vestcor Inc purchased a new position in shares of Apogee Enterprises in the fourth quarter worth $106,000. Hedge funds and other institutional investors own 94.05% of the company's stock.

Wall Street Analyst Weigh In

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

Apogee Enterprises Price Performance

Apogee Enterprises stock traded down $0.22 during mid-day trading on Friday, reaching $38.66. 254,841 shares of the company's stock traded hands, compared to its average volume of 193,628. The company has a market cap of $834.01 million, a price-to-earnings ratio of 8.63 and a beta of 0.99. The stock has a 50 day moving average of $43.60 and a two-hundred day moving average of $56.82. The company has a quick ratio of 1.27, a current ratio of 1.63 and a debt-to-equity ratio of 0.52. Apogee Enterprises, Inc. has a 12-month low of $38.06 and a 12-month high of $87.93.

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

Apogee Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Tuesday, May 13th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Tuesday, May 13th. Apogee Enterprises's payout ratio is 26.80%.

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).