Nisa Investment Advisors LLC increased its stake in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 455.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,152 shares of the industrial products company's stock after purchasing an additional 8,325 shares during the quarter. Nisa Investment Advisors LLC's holdings in Apogee Enterprises were worth $470,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. New Age Alpha Advisors LLC bought a new position in Apogee Enterprises in the 4th quarter worth $40,000. Public Employees Retirement System of Ohio purchased a new stake in Apogee Enterprises in the 4th quarter worth $42,000. Meeder Asset Management Inc. purchased a new stake in Apogee Enterprises in the 4th quarter worth $57,000. Vestcor Inc purchased a new stake in Apogee Enterprises in the 4th quarter worth $106,000. Finally, Envestnet Asset Management Inc. purchased a new stake in Apogee Enterprises in the 4th quarter worth $228,000. 94.05% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on APOG shares. Wall Street Zen lowered Apogee Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, April 25th. DA Davidson cut their price objective on Apogee Enterprises from $47.00 to $45.00 and set a "neutral" rating for the company in a research report on Tuesday, July 1st.
Get Our Latest Stock Report on APOG
Apogee Enterprises Trading Down 2.6%
Shares of Apogee Enterprises stock opened at $41.09 on Thursday. The firm has a market cap of $884.67 million, a price-to-earnings ratio of 17.56 and a beta of 0.96. The business has a 50-day moving average price of $40.37 and a 200-day moving average price of $46.35. The company has a quick ratio of 1.36, a current ratio of 1.77 and a debt-to-equity ratio of 0.65. Apogee Enterprises, Inc. has a twelve month low of $37.53 and a twelve month high of $87.93.
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. The firm had revenue of $346.62 million during 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% compared to the same quarter last year. During the same quarter last year, the business posted $1.44 earnings per share. Equities research analysts anticipate that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.
Apogee Enterprises Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Wednesday, July 16th will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, July 16th. This represents a $1.04 annualized dividend and a yield of 2.53%. Apogee Enterprises's dividend payout ratio is currently 44.44%.
About Apogee Enterprises
(
Free Report)
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).
See Also
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