Y Intercept Hong Kong Ltd Has $776,000 Holdings in Apogee Enterprises, Inc. (NASDAQ:APOG)

Key Points

• Y Intercept Hong Kong Ltd increased its holdings in Apogee Enterprises by 133.8% in Q1, acquiring an additional 9,585 shares for a total of 16,750 shares valued at approximately $776,000.
• Apogee Enterprises reported $0.56 EPS for the last quarter, surpassing analysts' expectations of $0.45, with a 4.6% year-over-year revenue increase to $346.62 million.
• The company also declared a quarterly dividend of $0.26 per share, representing an annualized dividend of $1.04 and a yield of 2.42%.

Y Intercept Hong Kong Ltd boosted its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 133.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,750 shares of the industrial products company's stock after buying an additional 9,585 shares during the period. Y Intercept Hong Kong Ltd owned about 0.08% of Apogee Enterprises worth $776,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of APOG. Raymond James Financial Inc. acquired a new stake in Apogee Enterprises during the fourth quarter worth $706,000. KLP Kapitalforvaltning AS acquired a new stake in Apogee Enterprises during the fourth quarter worth $636,000. LPL Financial LLC boosted its stake in Apogee Enterprises by 14.6% during the fourth quarter. LPL Financial LLC now owns 4,253 shares of the industrial products company's stock worth $304,000 after buying an additional 541 shares in the last quarter. Prudential Financial Inc. boosted its stake in Apogee Enterprises by 70.7% during the fourth quarter. Prudential Financial Inc. now owns 117,548 shares of the industrial products company's stock worth $8,394,000 after buying an additional 48,680 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Apogee Enterprises by 87.9% during the fourth quarter. JPMorgan Chase & Co. now owns 186,744 shares of the industrial products company's stock worth $13,335,000 after buying an additional 87,356 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.

Apogee Enterprises Price Performance

NASDAQ APOG traded down $0.52 on Tuesday, hitting $42.26. 14,744 shares of the company were exchanged, compared to its average volume of 252,793. The firm has a 50 day moving average of $40.55 and a two-hundred day moving average of $44.88. The company has a market cap of $909.86 million, a P/E ratio of 18.08 and a beta of 0.96. The company has a current ratio of 1.77, a quick ratio of 1.36 and a debt-to-equity ratio of 0.65. Apogee Enterprises, Inc. has a 1-year low of $37.53 and a 1-year high of $87.93.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last issued its quarterly earnings results on Friday, June 27th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.11. The business had revenue of $346.62 million for 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 firm's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.44 EPS. On average, equities analysts predict that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Wednesday, July 16th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, July 16th. This represents a $1.04 dividend on an annualized basis and a yield of 2.46%. Apogee Enterprises's payout ratio is presently 44.44%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on APOG shares. Wall Street Zen downgraded shares of Apogee Enterprises from a "buy" rating to a "hold" rating in a research note on Saturday. DA Davidson reduced their target price on shares of Apogee Enterprises from $47.00 to $45.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 1st.

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).