Two Sigma Advisers LP Has $2.21 Million Position in Apogee Enterprises, Inc. (NASDAQ:APOG)

Two Sigma Advisers LP trimmed its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 37.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,000 shares of the industrial products company's stock after selling 18,300 shares during the quarter. Two Sigma Advisers LP owned about 0.14% of Apogee Enterprises worth $2,214,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. New Age Alpha Advisors LLC bought a new position in Apogee Enterprises during the fourth quarter worth about $40,000. Meeder Asset Management Inc. acquired a new stake in Apogee Enterprises during the fourth quarter worth about $57,000. KBC Group NV grew its stake in Apogee Enterprises by 46.7% during the fourth quarter. KBC Group NV now owns 1,282 shares of the industrial products company's stock worth $92,000 after buying an additional 408 shares in the last quarter. Vestcor Inc acquired a new stake in Apogee Enterprises during the fourth quarter worth about $106,000. Finally, Caprock Group LLC acquired a new stake in Apogee Enterprises during the fourth quarter worth about $225,000. 94.05% of the stock is owned by institutional investors.

Apogee Enterprises Price Performance

Apogee Enterprises stock traded down $0.71 during trading hours on Monday, reaching $37.94. 177,906 shares of the stock were exchanged, compared to its average volume of 194,346. The company has a market cap of $818.48 million, a P/E ratio of 8.47 and a beta of 0.99. The company has a current ratio of 1.63, a quick ratio of 1.27 and a debt-to-equity ratio of 0.52. Apogee Enterprises, Inc. has a twelve month low of $37.67 and a twelve month high of $87.93. The stock has a 50 day moving average of $42.53 and a two-hundred day moving average of $54.51.

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 analysts' consensus estimates of $0.90 by ($0.01). Apogee Enterprises had a return on equity of 23.14% and a net margin of 7.14%. The firm had revenue of $345.69 million for the quarter, compared to analyst estimates of $331.82 million. During the same quarter in the previous year, the company earned $1.14 earnings per share. The company's quarterly revenue was down 4.4% on a year-over-year basis. Equities analysts expect 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 was paid on Wednesday, May 28th. Stockholders of record on Tuesday, May 13th were paid a $0.26 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.74%. Apogee Enterprises's payout ratio is currently 26.80%.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Apogee Enterprises from a "buy" rating to a "hold" rating in a research note 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).