Two Sigma Advisers LP Lowers Stake in Apogee Enterprises, Inc. (NASDAQ:APOG)

Two Sigma Advisers LP lowered its stake in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 37.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,000 shares of the industrial products company's stock after selling 18,300 shares during the period. Two Sigma Advisers LP owned 0.14% of Apogee Enterprises worth $2,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. New Age Alpha Advisors LLC bought a new stake in shares of Apogee Enterprises during the fourth quarter valued at approximately $40,000. Meeder Asset Management Inc. bought a new stake in shares of Apogee Enterprises during the fourth quarter valued at approximately $57,000. KBC Group NV raised its position in shares of Apogee Enterprises by 46.7% during the fourth quarter. KBC Group NV now owns 1,282 shares of the industrial products company's stock valued at $92,000 after buying an additional 408 shares during the last quarter. Vestcor Inc bought a new stake in shares of Apogee Enterprises during the fourth quarter valued at approximately $106,000. Finally, Caprock Group LLC bought a new stake in shares of Apogee Enterprises during the fourth quarter valued at approximately $225,000. Institutional investors own 94.05% of the company's stock.

Analysts Set New Price Targets

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

Apogee Enterprises Price Performance

APOG traded down $0.34 during trading hours on Friday, hitting $38.51. The company's stock had a trading volume of 207,036 shares, compared to its average volume of 194,415. The business's 50-day moving average price is $42.74 and its 200-day moving average price is $55.01. Apogee Enterprises, Inc. has a 12 month low of $38.06 and a 12 month high of $87.93. The stock has a market cap of $830.78 million, a price-to-earnings ratio of 8.60 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 (NASDAQ:APOG - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The industrial products company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.01). Apogee Enterprises had a return on equity of 23.14% and a net margin of 7.14%. The business had revenue of $345.69 million during the quarter, compared to the consensus estimate of $331.82 million. During the same quarter in the prior year, the firm posted $1.14 EPS. The company's revenue for the quarter was down 4.4% on a year-over-year basis. Sell-side analysts expect that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Tuesday, May 13th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Tuesday, May 13th. Apogee Enterprises's dividend payout ratio is presently 26.80%.

About Apogee Enterprises

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).