Victory Capital Management Inc. Acquires 14,687 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Victory Capital Management Inc. lifted its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 1.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,170,654 shares of the industrial products company's stock after buying an additional 14,687 shares during the quarter. Victory Capital Management Inc. owned about 5.47% of Apogee Enterprises worth $54,236,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in shares of Apogee Enterprises by 87.9% in the fourth quarter. JPMorgan Chase & Co. now owns 186,744 shares of the industrial products company's stock valued at $13,335,000 after buying an additional 87,356 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Apogee Enterprises by 196.2% in the fourth quarter. Renaissance Technologies LLC now owns 122,883 shares of the industrial products company's stock valued at $8,775,000 after buying an additional 81,400 shares in the last quarter. Norges Bank bought a new position in shares of Apogee Enterprises in the fourth quarter valued at $5,698,000. American Century Companies Inc. lifted its position in shares of Apogee Enterprises by 12.9% during the fourth quarter. American Century Companies Inc. now owns 692,139 shares of the industrial products company's stock valued at $49,426,000 after purchasing an additional 79,009 shares in the last quarter. Finally, Bridgeway Capital Management LLC bought a new position in shares of Apogee Enterprises during the fourth quarter valued at about $5,535,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on APOG. Wall Street Zen raised shares of Apogee Enterprises from a "hold" rating to a "buy" rating in a research report on Friday. DA Davidson decreased their price objective on shares of Apogee Enterprises from $47.00 to $45.00 and set a "neutral" rating for the company in a report on Tuesday, July 1st.

Apogee Enterprises Stock Performance

Shares of APOG traded down $0.05 during trading hours on Friday, hitting $41.97. The company's stock had a trading volume of 177,517 shares, compared to its average volume of 207,720. The company has a market cap of $903.61 million, a price-to-earnings ratio of 17.94 and a beta of 0.96. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.77 and a quick ratio of 1.36. The business has a 50 day simple moving average of $40.43 and a two-hundred day simple moving average of $45.76. Apogee Enterprises, Inc. has a 52-week low of $37.53 and a 52-week high of $87.93.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last posted its earnings results on Friday, June 27th. The industrial products company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.11. The firm had revenue of $346.62 million during the quarter, compared to the consensus estimate of $326.08 million. Apogee Enterprises had a net margin of 3.73% and a return on equity of 17.79%. The company's revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $1.44 earnings per share. On average, equities analysts expect that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current fiscal year.

Apogee Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Wednesday, July 16th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, July 16th. This represents a $1.04 annualized dividend and a yield of 2.48%. Apogee Enterprises's dividend payout ratio is currently 44.44%.

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).