Two Sigma Investments LP Sells 12,704 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Two Sigma Investments LP trimmed its holdings in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 23.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,187 shares of the industrial products company's stock after selling 12,704 shares during the period. Two Sigma Investments LP owned 0.19% of Apogee Enterprises worth $2,941,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APOG. New Age Alpha Advisors LLC bought a new stake in Apogee Enterprises during the fourth quarter worth $40,000. Meeder Asset Management Inc. bought a new stake in Apogee Enterprises during the fourth quarter worth $57,000. KBC Group NV lifted 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 purchasing an additional 408 shares during the last quarter. Vestcor Inc bought a new stake in Apogee Enterprises during the fourth quarter worth $106,000. Finally, Caprock Group LLC bought a new stake in Apogee Enterprises during the fourth quarter worth $225,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Apogee Enterprises Price Performance

Shares of NASDAQ:APOG traded up $0.23 during trading on Wednesday, hitting $38.97. 146,383 shares of the company were exchanged, compared to its average volume of 194,052. The business's 50 day moving average is $42.20 and its 200-day moving average is $54.29. The company has a market capitalization of $840.70 million, a P/E ratio of 8.70 and a beta of 0.99. The company has a quick ratio of 1.27, a current ratio of 1.63 and a debt-to-equity ratio of 0.52. Apogee Enterprises, Inc. has a 1-year low of $37.70 and a 1-year high of $87.93.

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 (EPS) for the quarter, missing the consensus estimate 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 firm's quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter last year, the company posted $1.14 earnings per share. Equities analysts forecast that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Tuesday, May 13th were issued a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.67%. Apogee Enterprises's payout ratio is 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).