Northern Trust Corp Increases Holdings in Apogee Enterprises, Inc. (NASDAQ:APOG)

Northern Trust Corp raised its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 19.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 277,942 shares of the industrial products company's stock after purchasing an additional 46,220 shares during the period. Northern Trust Corp owned 1.27% of Apogee Enterprises worth $19,848,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Victory Capital Management Inc. increased its stake in shares of Apogee Enterprises by 7.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,155,967 shares of the industrial products company's stock valued at $82,548,000 after purchasing an additional 75,438 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Apogee Enterprises by 12.9% during the fourth quarter. American Century Companies Inc. now owns 692,139 shares of the industrial products company's stock valued at $49,426,000 after purchasing an additional 79,009 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Apogee Enterprises by 87.9% during the fourth quarter. JPMorgan Chase & Co. now owns 186,744 shares of the industrial products company's stock valued at $13,335,000 after purchasing an additional 87,356 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Apogee Enterprises by 196.2% during the fourth quarter. Renaissance Technologies LLC now owns 122,883 shares of the industrial products company's stock valued at $8,775,000 after purchasing an additional 81,400 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Apogee Enterprises by 3.9% during the fourth quarter. Principal Financial Group Inc. now owns 117,770 shares of the industrial products company's stock valued at $8,410,000 after purchasing an additional 4,373 shares in the last quarter. Institutional investors own 94.05% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Apogee Enterprises from a "buy" rating to a "hold" rating in a report on Friday, April 25th.

Apogee Enterprises Stock Down 0.6%

NASDAQ APOG traded down $0.23 during mid-day trading on Monday, reaching $41.15. The stock had a trading volume of 119,085 shares, compared to its average volume of 193,003. Apogee Enterprises, Inc. has a 1 year low of $38.45 and a 1 year high of $87.93. The stock has a market cap of $887.73 million, a PE ratio of 9.19 and a beta of 0.99. The company has a fifty day moving average price of $44.23 and a 200 day moving average price of $57.60. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.63 and a quick ratio of 1.27.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last announced its quarterly earnings data 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 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 earned $1.14 earnings per share. Apogee Enterprises's revenue was down 4.4% on a year-over-year basis. On average, research analysts expect that Apogee Enterprises, Inc. will post 4.97 earnings per share for the current year.

Apogee Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Tuesday, May 13th will be issued a $0.26 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.53%. Apogee Enterprises's payout ratio is currently 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).