Victory Capital Management Inc. Has $60.98 Million Stock Position in Apogee Enterprises, Inc. (NASDAQ:APOG)

Victory Capital Management Inc. raised its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 11.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,141,762 shares of the industrial products company's stock after purchasing an additional 120,882 shares during the period. Victory Capital Management Inc. owned 5.17% of Apogee Enterprises worth $60,982,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. SummerHaven Investment Management LLC increased its position in shares of Apogee Enterprises by 1.4% during the fourth quarter. SummerHaven Investment Management LLC now owns 15,235 shares of the industrial products company's stock worth $814,000 after purchasing an additional 211 shares in the last quarter. GAMMA Investing LLC purchased a new stake in Apogee Enterprises in the fourth quarter valued at $31,000. Wedge Capital Management L L P NC boosted its holdings in Apogee Enterprises by 23.8% in the fourth quarter. Wedge Capital Management L L P NC now owns 10,099 shares of the industrial products company's stock valued at $539,000 after purchasing an additional 1,941 shares during the last quarter. Handelsbanken Fonder AB purchased a new stake in Apogee Enterprises in the fourth quarter valued at $211,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Apogee Enterprises by 58.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,473 shares of the industrial products company's stock valued at $346,000 after purchasing an additional 2,382 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Apogee Enterprises Price Performance

Shares of APOG stock traded down $0.05 during mid-day trading on Friday, hitting $63.54. 178,582 shares of the stock were exchanged, compared to its average volume of 183,449. The firm has a fifty day moving average of $58.59 and a 200 day moving average of $52.98. The company has a quick ratio of 1.18, a current ratio of 1.47 and a debt-to-equity ratio of 0.13. Apogee Enterprises, Inc. has a 52-week low of $36.62 and a 52-week high of $64.30. The company has a market cap of $1.41 billion, a PE ratio of 14.09 and a beta of 1.07.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last posted its earnings results on Thursday, April 18th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.17. Apogee Enterprises had a net margin of 7.03% and a return on equity of 23.84%. The business had revenue of $361.80 million for the quarter, compared to analyst estimates of $337.84 million. During the same period in the prior year, the company posted $0.86 EPS. The company's revenue for the quarter was up 5.1% on a year-over-year basis. Research analysts anticipate that Apogee Enterprises, Inc. will post 4.57 earnings per share for the current year.

Apogee Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 21st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Monday, May 20th. Apogee Enterprises's payout ratio is currently 22.17%.

Insider Transactions at Apogee Enterprises

In related news, insider Brent C. Jewell sold 7,500 shares of the company's stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $61.79, for a total transaction of $463,425.00. Following the completion of the transaction, the insider now owns 66 shares in the company, valued at approximately $4,078.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Apogee Enterprises news, EVP Curtis John Dobler sold 3,797 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $60.46, for a total value of $229,566.62. Following the completion of the sale, the executive vice president now owns 32,653 shares in the company, valued at approximately $1,974,200.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Brent C. Jewell sold 7,500 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $61.79, for a total transaction of $463,425.00. Following the completion of the sale, the insider now owns 66 shares of the company's stock, valued at approximately $4,078.14. The disclosure for this sale can be found here. Insiders have sold a total of 39,025 shares of company stock valued at $2,374,896 in the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

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).