Universal Beteiligungs und Servicegesellschaft mbH Makes New $3.39 Million Investment in Apogee Enterprises, Inc. (NASDAQ:APOG)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 47,499 shares of the industrial products company's stock, valued at approximately $3,392,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.22% of Apogee Enterprises as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of APOG. Victory Capital Management Inc. raised its holdings in Apogee Enterprises by 7.0% in the 4th quarter. Victory Capital Management Inc. now owns 1,155,967 shares of the industrial products company's stock valued at $82,548,000 after acquiring an additional 75,438 shares during the last quarter. American Century Companies Inc. grew its holdings in Apogee Enterprises by 12.9% in the 4th quarter. American Century Companies Inc. now owns 692,139 shares of the industrial products company's stock valued at $49,426,000 after buying an additional 79,009 shares during the period. Northern Trust Corp grew its holdings in Apogee Enterprises by 19.9% in the 4th quarter. Northern Trust Corp now owns 277,942 shares of the industrial products company's stock valued at $19,848,000 after buying an additional 46,220 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Apogee Enterprises by 87.9% during the 4th quarter. JPMorgan Chase & Co. now owns 186,744 shares of the industrial products company's stock valued at $13,335,000 after acquiring an additional 87,356 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Apogee Enterprises by 196.2% during the 4th quarter. Renaissance Technologies LLC now owns 122,883 shares of the industrial products company's stock worth $8,775,000 after acquiring an additional 81,400 shares during the period. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

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 Stock Performance

Shares of APOG traded down $0.02 during midday trading on Thursday, hitting $38.95. 56,803 shares of the stock traded hands, compared to its average volume of 193,540. Apogee Enterprises, Inc. has a 1-year low of $37.70 and a 1-year high of $87.93. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.27 and a current ratio of 1.63. The firm has a market capitalization of $840.27 million, a PE ratio of 8.69 and a beta of 0.99. The business's 50 day moving average price is $42.20 and its two-hundred day moving average price is $54.29.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last issued 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 firm had revenue of $345.69 million for the quarter, compared to analyst estimates of $331.82 million. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The firm's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.14 earnings per share. Equities research analysts predict that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Tuesday, May 13th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend was Tuesday, May 13th. Apogee Enterprises's dividend payout ratio (DPR) is presently 26.80%.

Apogee Enterprises Company 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).