First Trust Advisors LP Has $3.83 Million Position in Apogee Enterprises, Inc. (NASDAQ:APOG)

First Trust Advisors LP boosted its position in Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 39.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,631 shares of the industrial products company's stock after buying an additional 15,224 shares during the quarter. First Trust Advisors LP owned approximately 0.24% of Apogee Enterprises worth $3,830,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co raised its holdings in shares of Apogee Enterprises by 3.3% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 21,741 shares of the industrial products company's stock valued at $1,549,000 after purchasing an additional 704 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Apogee Enterprises in the fourth quarter valued at $507,000. Marshall Wace LLP acquired a new stake in Apogee Enterprises in the 4th quarter valued at $299,000. Zacks Investment Management bought a new stake in Apogee Enterprises during the 4th quarter worth about $2,195,000. Finally, PEAK6 LLC acquired a new position in shares of Apogee Enterprises during the 4th quarter worth about $461,000. Institutional investors own 94.05% of the company's stock.

Wall Street Analysts Forecast Growth

APOG has been the topic of several analyst reports. Singular Research upgraded Apogee Enterprises to a "moderate buy" rating in a report on Tuesday, January 14th. Sidoti upgraded Apogee Enterprises from a "neutral" rating to a "buy" rating in a research note on Friday, January 10th. DA Davidson decreased their target price on shares of Apogee Enterprises from $75.00 to $62.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Finally, StockNews.com lowered shares of Apogee Enterprises from a "buy" rating to a "hold" rating in a research report on Friday, April 25th.

Apogee Enterprises Trading Up 2.2 %

Apogee Enterprises stock opened at $40.96 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.27 and a current ratio of 1.63. The stock has a 50-day simple moving average of $45.70 and a 200 day simple moving average of $60.58. The stock has a market capitalization of $877.32 million, a P/E ratio of 9.14 and a beta of 0.85. Apogee Enterprises, Inc. has a 52 week low of $38.67 and a 52 week high of $87.93.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last posted its earnings results on Thursday, April 24th. The industrial products company reported $0.89 earnings per share 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 business had revenue of $345.69 million for the quarter, compared to analyst estimates of $331.82 million. During the same period in the previous year, the firm posted $1.14 earnings per share. The firm's revenue was down 4.4% compared to the same quarter last year. Analysts expect that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Tuesday, May 13th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Tuesday, May 13th. Apogee Enterprises's payout ratio is 26.80%.

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).

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