Bailard Inc. Purchases Shares of 13,800 Apogee Enterprises, Inc. (NASDAQ:APOG)

Bailard Inc. purchased a new stake in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,800 shares of the industrial products company's stock, valued at approximately $639,000. Bailard Inc. owned 0.06% of Apogee Enterprises at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Apogee Enterprises by 87.9% during the 4th quarter. JPMorgan Chase & Co. now owns 186,744 shares of the industrial products company's stock worth $13,335,000 after buying an additional 87,356 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Apogee Enterprises by 196.2% in the fourth quarter. Renaissance Technologies LLC now owns 122,883 shares of the industrial products company's stock worth $8,775,000 after acquiring an additional 81,400 shares during the last quarter. Norges Bank purchased a new stake in shares of Apogee Enterprises during the fourth quarter worth approximately $5,698,000. American Century Companies Inc. increased its position in shares of Apogee Enterprises by 12.9% during the fourth quarter. American Century Companies Inc. now owns 692,139 shares of the industrial products company's stock worth $49,426,000 after purchasing an additional 79,009 shares in the last quarter. Finally, Bridgeway Capital Management LLC acquired a new position in Apogee Enterprises in the 4th quarter valued at $5,535,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. DA Davidson decreased their price objective on Apogee Enterprises from $47.00 to $45.00 and set a "neutral" rating on the stock in a report on Tuesday, July 1st. Wall Street Zen raised shares of Apogee Enterprises from a "hold" rating to a "buy" rating in a research report on Friday.

Apogee Enterprises Price Performance

Shares of APOG opened at $41.97 on Friday. The firm has a market capitalization of $903.61 million, a price-to-earnings ratio of 17.94 and a beta of 0.96. The firm's fifty day simple moving average is $40.43 and its 200-day simple moving average is $45.76. Apogee Enterprises, Inc. has a twelve month low of $37.53 and a twelve month high of $87.93. The company has a current ratio of 1.77, a quick ratio of 1.36 and a debt-to-equity ratio of 0.65.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last issued its earnings results on Friday, June 27th. The industrial products company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.11. The business had revenue of $346.62 million for the quarter, compared to analyst estimates of $326.08 million. Apogee Enterprises had a return on equity of 17.79% and a net margin of 3.73%. The business's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $1.44 EPS. Equities analysts forecast that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Wednesday, July 16th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, July 16th. This represents a $1.04 dividend on an annualized basis and a yield of 2.48%. Apogee Enterprises's dividend payout ratio is presently 44.44%.

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).

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