Man Group plc Invests $872,000 in Apogee Enterprises, Inc. (NASDAQ:APOG)

Man Group plc purchased a new position in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,205 shares of the industrial products company's stock, valued at approximately $872,000. Man Group plc owned 0.06% of Apogee Enterprises at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. New Age Alpha Advisors LLC bought a new stake in Apogee Enterprises in the fourth quarter worth $40,000. Meeder Asset Management Inc. purchased a new position in Apogee Enterprises in the fourth quarter valued at about $57,000. KBC Group NV grew its stake in Apogee Enterprises by 46.7% in 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 during the last quarter. Vestcor Inc purchased a new stake in shares of Apogee Enterprises during the fourth quarter worth about $106,000. Finally, Caprock Group LLC purchased a new stake in shares of Apogee Enterprises during the fourth quarter worth about $225,000. 94.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Apogee Enterprises Trading Down 2.8%

Shares of NASDAQ:APOG traded down $1.11 during midday trading on Wednesday, reaching $38.68. 86,436 shares of the company's stock were exchanged, compared to its average volume of 246,747. The firm's 50 day simple moving average is $43.28 and its two-hundred day simple moving average is $55.99. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.63 and a quick ratio of 1.27. The stock has a market cap of $834.38 million, a price-to-earnings ratio of 8.64 and a beta of 0.99. Apogee Enterprises, Inc. has a fifty-two week low of $38.06 and a fifty-two week high of $87.93.

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 company had revenue of $345.69 million for the quarter, compared to analyst estimates of $331.82 million. Apogee Enterprises had a return on equity of 23.14% and a net margin of 7.14%. The business's quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.14 earnings per share. As a group, sell-side analysts forecast that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

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

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).