Apogee Enterprises, Inc. (NASDAQ:APOG) Stock Holdings Lifted by First Trust Advisors LP

First Trust Advisors LP increased its stake in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 39.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,631 shares of the industrial products company's stock after purchasing an additional 15,224 shares during the quarter. First Trust Advisors LP owned about 0.24% of Apogee Enterprises worth $3,830,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in APOG. Inspire Investing LLC acquired a new stake in Apogee Enterprises in the fourth quarter worth approximately $824,000. Franklin Resources Inc. boosted its stake in Apogee Enterprises by 35.3% during the fourth quarter. Franklin Resources Inc. now owns 44,247 shares of the industrial products company's stock valued at $3,160,000 after buying an additional 11,552 shares in the last quarter. Ritholtz Wealth Management grew its holdings in Apogee Enterprises by 69.0% during the fourth quarter. Ritholtz Wealth Management now owns 22,095 shares of the industrial products company's stock worth $1,578,000 after acquiring an additional 9,019 shares during the period. Raymond James Financial Inc. bought a new stake in Apogee Enterprises in the fourth quarter worth about $706,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Apogee Enterprises in the 4th quarter valued at about $636,000. 94.05% of the stock is currently owned by institutional investors.

Apogee Enterprises Trading Up 2.3 %

Shares of APOG traded up $0.88 during midday trading on Thursday, hitting $39.60. The stock had a trading volume of 19,272 shares, compared to its average volume of 191,274. The business has a 50-day simple moving average of $45.21 and a two-hundred day simple moving average of $59.76. The firm has a market cap of $848.19 million, a P/E ratio of 8.84 and a beta of 0.99. The company has a current ratio of 1.63, a quick ratio of 1.27 and a debt-to-equity ratio of 0.52. Apogee Enterprises, Inc. has a fifty-two week low of $38.40 and a fifty-two week high of $87.93.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The industrial products company reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $0.90 by ($0.01). Apogee Enterprises had a return on equity of 23.14% and a net margin of 7.14%. The firm had revenue of $345.69 million during the quarter, compared to analyst estimates of $331.82 million. During the same period in the prior year, the business posted $1.14 EPS. The company's revenue for the quarter was down 4.4% on a year-over-year basis. As a group, equities analysts forecast that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Tuesday, May 13th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.63%. The ex-dividend date is Tuesday, May 13th. Apogee Enterprises's payout ratio is 26.80%.

Analyst Ratings Changes

Several brokerages have recently issued reports on APOG. Sidoti raised shares of Apogee Enterprises from a "neutral" rating to a "buy" rating in a research note on Friday, January 10th. Singular Research raised Apogee Enterprises to a "moderate buy" rating in a report on Tuesday, January 14th. DA Davidson cut their price objective on Apogee Enterprises from $75.00 to $62.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Finally, StockNews.com cut Apogee Enterprises from a "buy" rating to a "hold" rating in a report on Friday, April 25th.

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).