Wedge Capital Management L L P NC Acquires 10,426 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Wedge Capital Management L L P NC lifted its position in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 65.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,372 shares of the industrial products company's stock after buying an additional 10,426 shares during the quarter. Wedge Capital Management L L P NC owned about 0.12% of Apogee Enterprises worth $1,222,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC bought a new position in shares of Apogee Enterprises during the 4th quarter worth approximately $40,000. Public Employees Retirement System of Ohio acquired a new stake in Apogee Enterprises during the 4th quarter valued at $42,000. Meeder Asset Management Inc. bought a new stake in shares of Apogee Enterprises during the 4th quarter worth about $57,000. Vestcor Inc acquired a new stake in Apogee Enterprises in the 4th quarter worth about $106,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of Apogee Enterprises in the fourth quarter worth about $228,000. Institutional investors and hedge funds own 94.05% of the company's stock.

Analyst Ratings Changes

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

Apogee Enterprises Trading Down 0.7%

Apogee Enterprises stock traded down $0.30 during mid-day trading on Thursday, hitting $39.71. 31,024 shares of the stock were exchanged, compared to its average volume of 193,990. Apogee Enterprises, Inc. has a 12 month low of $37.70 and a 12 month high of $87.93. The stock has a market capitalization of $856.66 million, a price-to-earnings ratio of 8.86 and a beta of 0.97. The firm's fifty day simple moving average is $41.55 and its two-hundred day simple moving average is $52.84. 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 (NASDAQ:APOG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.90 by ($0.01). Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The firm had revenue of $345.69 million during the quarter, compared to analysts' expectations of $331.82 million. During the same quarter in the previous year, the firm posted $1.14 EPS. Apogee Enterprises's revenue was down 4.4% compared to the same quarter last year. Analysts forecast that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders 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 yield of 2.62%. Apogee Enterprises's dividend payout ratio (DPR) is presently 26.80%.

Apogee Enterprises 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).