Two Sigma Investments LP Reduces Stock Holdings in Apogee Enterprises, Inc. (NASDAQ:APOG)

Two Sigma Investments LP reduced its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 23.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,187 shares of the industrial products company's stock after selling 12,704 shares during the period. Two Sigma Investments LP owned about 0.19% of Apogee Enterprises worth $2,941,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in APOG. Bank of Montreal Can boosted its position in shares of Apogee Enterprises by 4.0% during the fourth quarter. Bank of Montreal Can now owns 7,734 shares of the industrial products company's stock valued at $552,000 after purchasing an additional 298 shares in the last quarter. KBC Group NV increased its holdings in shares of Apogee Enterprises by 46.7% in the 4th 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Apogee Enterprises by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,436 shares of the industrial products company's stock worth $888,000 after purchasing an additional 412 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Apogee Enterprises by 6.5% during the fourth quarter. Sterling Capital Management LLC now owns 6,986 shares of the industrial products company's stock valued at $499,000 after purchasing an additional 427 shares in the last quarter. Finally, Brevan Howard Capital Management LP increased its holdings in Apogee Enterprises by 16.2% in the 4th quarter. Brevan Howard Capital Management LP now owns 3,683 shares of the industrial products company's stock worth $263,000 after buying an additional 514 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Apogee Enterprises Stock Performance

NASDAQ APOG traded up $0.01 during trading hours on Wednesday, hitting $38.75. 55,400 shares of the company's stock traded hands, compared to its average volume of 193,925. The company has a current ratio of 1.63, a quick ratio of 1.27 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $835.85 million, a P/E ratio of 8.65 and a beta of 0.99. Apogee Enterprises, Inc. has a 52 week low of $37.70 and a 52 week high of $87.93. The business's fifty day moving average price is $42.36 and its two-hundred day moving average price is $54.40.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last released its earnings results on Thursday, April 24th. The industrial products company reported $0.89 EPS 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 company had revenue of $345.69 million during the quarter, compared to analysts' expectations of $331.82 million. During the same period last year, the firm posted $1.14 EPS. Apogee Enterprises's quarterly revenue was down 4.4% compared to the same quarter last year. Equities research analysts predict that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Dividend Announcement

The company 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 annualized dividend and a dividend yield of 2.68%. Apogee Enterprises's payout ratio is currently 26.80%.

Wall Street Analysts Forecast Growth

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

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).