Ritholtz Wealth Management Raises Stock Position in Apogee Enterprises, Inc. (NASDAQ:APOG)

Ritholtz Wealth Management boosted its stake in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 84.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 40,852 shares of the industrial products company's stock after acquiring an additional 18,757 shares during the quarter. Ritholtz Wealth Management owned 0.19% of Apogee Enterprises worth $1,893,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in APOG. Principal Financial Group Inc. lifted its holdings in Apogee Enterprises by 3.9% during the fourth quarter. Principal Financial Group Inc. now owns 117,770 shares of the industrial products company's stock valued at $8,410,000 after purchasing an additional 4,373 shares in the last quarter. Y Intercept Hong Kong Ltd raised its position in shares of Apogee Enterprises by 82.7% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 7,165 shares of the industrial products company's stock worth $512,000 after purchasing an additional 3,243 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Apogee Enterprises by 7.0% during the 4th quarter. Victory Capital Management Inc. now owns 1,155,967 shares of the industrial products company's stock worth $82,548,000 after purchasing an additional 75,438 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Apogee Enterprises in the 4th quarter valued at about $706,000. Finally, Jackson Creek Investment Advisors LLC acquired a new stake in Apogee Enterprises in the 4th quarter worth about $1,430,000. Institutional investors and hedge funds own 94.05% of the company's stock.

Apogee Enterprises Price Performance

Shares of Apogee Enterprises stock traded up $0.58 during trading hours on Friday, reaching $38.16. 155,685 shares of the company's stock were exchanged, compared to its average volume of 196,298. The business has a fifty day moving average of $40.73 and a two-hundred day moving average of $50.94. The company has a market capitalization of $823.11 million, a P/E ratio of 9.82 and a beta of 0.97. The company has a quick ratio of 1.23, a current ratio of 1.55 and a debt-to-equity ratio of 0.58. Apogee Enterprises, Inc. has a 1 year low of $37.53 and a 1 year 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.01). The business had revenue of $345.69 million for the quarter, compared to analysts' expectations of $331.82 million. Apogee Enterprises had a net margin of 6.25% and a return on equity of 21.81%. The firm's revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.14 EPS. As a group, research analysts predict that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Tuesday, May 13th were given a dividend of $0.26 per share. The ex-dividend date was Tuesday, May 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.73%. Apogee Enterprises's payout ratio is 26.80%.

Wall Street Analysts Forecast Growth

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

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).