LSV Asset Management Acquires 25,326 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

LSV Asset Management grew its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 5.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new stake in Apogee Enterprises in the fourth quarter valued at $42,000. Financial Gravity Asset Management Inc. bought a new stake in Apogee Enterprises during the 1st quarter valued at approximately $44,000. Johnson Investment Counsel Inc. boosted its stake in Apogee Enterprises by 16.7% during the first quarter. Johnson Investment Counsel Inc. now owns 4,633 shares of the industrial products company's stock worth $215,000 after acquiring an additional 663 shares in the last quarter. Envestnet Asset Management Inc. purchased a new position in Apogee Enterprises during the fourth quarter valued at $228,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Apogee Enterprises by 60.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,672 shares of the industrial products company's stock worth $262,000 after acquiring an additional 1,385 shares in the last quarter. Institutional investors own 94.05% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Wall Street Zen cut shares of Apogee Enterprises from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. DA Davidson dropped their target price on shares of Apogee Enterprises from $47.00 to $45.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 1st.

Apogee Enterprises Stock Performance

Shares of Apogee Enterprises stock traded down $0.33 during trading on Wednesday, hitting $41.38. 115,854 shares of the company's stock traded hands, compared to its average volume of 250,408. Apogee Enterprises, Inc. has a 1 year low of $37.53 and a 1 year high of $87.93. The business has a 50-day simple moving average of $40.82 and a 200-day simple moving average of $44.41. 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 stock has a market capitalization of $890.91 million, a P/E ratio of 17.68 and a beta of 1.00.

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

Apogee Enterprises Dividend Announcement

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

Apogee Enterprises Company 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).