Bank of America Corp DE Purchases 6,529 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Bank of America Corp DE boosted its stake in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,804 shares of the industrial products company's stock after purchasing an additional 6,529 shares during the period. Bank of America Corp DE owned about 0.47% of Apogee Enterprises worth $7,413,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of APOG. New Age Alpha Advisors LLC bought a new position in shares of Apogee Enterprises in the fourth quarter worth $40,000. Meeder Asset Management Inc. bought a new position in Apogee Enterprises in the fourth quarter worth about $57,000. KBC Group NV increased its stake in shares of Apogee Enterprises by 46.7% during the fourth quarter. KBC Group NV now owns 1,282 shares of the industrial products company's stock valued at $92,000 after purchasing an additional 408 shares in the last quarter. Vestcor Inc purchased a new stake in shares of Apogee Enterprises during the fourth quarter valued at approximately $106,000. Finally, Caprock Group LLC purchased a new stake in Apogee Enterprises in the fourth quarter worth approximately $225,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Apogee Enterprises Trading Down 0.8%

APOG stock traded down $0.32 during trading on Friday, reaching $38.54. 7,981 shares of the stock were exchanged, compared to its average volume of 193,196. The business has a 50 day moving average price of $42.93 and a 200-day moving average price of $55.54. The firm has a market capitalization of $831.32 million, a price-to-earnings ratio of 8.60 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 current ratio of 1.63, a quick ratio of 1.27 and a debt-to-equity ratio of 0.52.

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

Apogee Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Tuesday, May 13th were given a $0.26 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.70%. Apogee Enterprises's dividend payout ratio is presently 26.80%.

Analysts Set New Price Targets

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