Apogee Enterprises, Inc. (NASDAQ:APOG) Shares Purchased by Victory Capital Management Inc.

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

A number of other hedge funds also recently made changes to their positions in the business. Financial Gravity Asset Management Inc. purchased a new stake in Apogee Enterprises in the 1st quarter worth about $44,000. Nisa Investment Advisors LLC lifted its position in Apogee Enterprises by 455.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 10,152 shares of the industrial products company's stock worth $470,000 after buying an additional 8,325 shares during the last quarter. Principal Financial Group Inc. lifted its position in Apogee Enterprises by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 120,751 shares of the industrial products company's stock worth $5,594,000 after buying an additional 2,981 shares during the last quarter. Grace & White Inc. NY lifted its position in Apogee Enterprises by 155.4% in the 1st quarter. Grace & White Inc. NY now owns 77,656 shares of the industrial products company's stock worth $3,598,000 after buying an additional 47,256 shares during the last quarter. Finally, Rappaport Reiches Capital Management LLC lifted its position in Apogee Enterprises by 109.2% in the first quarter. Rappaport Reiches Capital Management LLC now owns 6,489 shares of the industrial products company's stock valued at $301,000 after purchasing an additional 3,387 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors.

Apogee Enterprises Price Performance

NASDAQ APOG traded up $0.86 during trading on Tuesday, hitting $42.40. 160,929 shares of the stock traded hands, compared to its average volume of 207,691. The company has a market capitalization of $912.87 million, a P/E ratio of 18.12 and a beta of 0.96. The firm has a 50-day simple moving average of $40.43 and a 200-day simple moving average of $45.59. The company has a quick ratio of 1.36, a current ratio of 1.77 and a debt-to-equity ratio of 0.65. Apogee Enterprises, Inc. has a 12-month low of $37.53 and a 12-month high of $87.93.

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

Apogee Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Wednesday, July 16th will be issued 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 2.45%. Apogee Enterprises's payout ratio is currently 44.44%.

Wall Street Analyst Weigh In

APOG has been the topic of several recent research reports. Wall Street Zen raised Apogee Enterprises from a "hold" rating to a "buy" rating in a research note on Friday. DA Davidson cut their target price on Apogee Enterprises from $47.00 to $45.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 1st.

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).