LSV Asset Management Increases Holdings in Apogee Enterprises, Inc. (NASDAQ:APOG)

LSV Asset Management grew its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 5.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 481,355 shares of the industrial products company's stock after purchasing an additional 25,326 shares during the quarter. LSV Asset Management owned approximately 2.25% of Apogee Enterprises worth $22,301,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. SummerHaven Investment Management LLC grew its holdings in Apogee Enterprises by 2.2% during the 1st quarter. SummerHaven Investment Management LLC now owns 13,185 shares of the industrial products company's stock worth $611,000 after acquiring an additional 282 shares during the period. Bank of Montreal Can increased its holdings in Apogee Enterprises by 4.0% in the fourth quarter. Bank of Montreal Can now owns 7,734 shares of the industrial products company's stock worth $552,000 after purchasing an additional 298 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Apogee Enterprises by 3.4% in 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 buying an additional 412 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of Apogee Enterprises by 6.5% during the 4th quarter. Sterling Capital Management LLC now owns 6,986 shares of the industrial products company's stock worth $499,000 after buying an additional 427 shares in the last quarter. Finally, Brevan Howard Capital Management LP grew its position in shares of Apogee Enterprises by 16.2% during the 4th quarter. Brevan Howard Capital Management LP now owns 3,683 shares of the industrial products company's stock worth $263,000 after buying an additional 514 shares during the period. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Apogee Enterprises Stock Performance

Shares of NASDAQ APOG traded up $0.43 during mid-day trading on Thursday, reaching $41.81. 43,280 shares of the company's stock were exchanged, compared to its average volume of 248,986. The firm has a 50-day moving average price of $40.88 and a two-hundred day moving average price of $44.39. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.77 and a quick ratio of 1.36. The firm has a market capitalization of $900.06 million, a price-to-earnings ratio of 17.89 and a beta of 1.00. Apogee Enterprises, Inc. has a 52 week low of $37.53 and a 52 week high of $87.93.

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

Apogee Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Wednesday, July 16th were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, July 16th. This represents a $1.04 annualized dividend and a yield of 2.5%. Apogee Enterprises's dividend payout ratio (DPR) is 44.44%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. DA Davidson reduced their price objective on Apogee Enterprises from $47.00 to $45.00 and set a "neutral" rating for the company in a research note on Tuesday, July 1st. Wall Street Zen cut Apogee Enterprises from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th.

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).