Apogee Enterprises, Inc. (NASDAQ:APOG) Shares Bought by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL raised its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 51.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,616 shares of the industrial products company's stock after acquiring an additional 37,434 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.50% of Apogee Enterprises worth $7,899,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in APOG. Endeavor Private Wealth Inc. purchased a new position in Apogee Enterprises in the 4th quarter valued at $32,000. New Age Alpha Advisors LLC purchased a new stake in Apogee Enterprises during the 4th quarter valued at about $40,000. Meeder Asset Management Inc. acquired a new stake in Apogee Enterprises in the 4th quarter valued at about $57,000. KBC Group NV lifted its stake in Apogee Enterprises by 46.7% in the 4th quarter. KBC Group NV now owns 1,282 shares of the industrial products company's stock worth $92,000 after purchasing an additional 408 shares in the last quarter. Finally, Vestcor Inc acquired a new position in shares of Apogee Enterprises during the 4th quarter worth approximately $106,000. Hedge funds and other institutional investors own 94.05% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on APOG. Singular Research upgraded Apogee Enterprises to a "moderate buy" rating in a research report on Tuesday, January 14th. DA Davidson lowered their price target on shares of Apogee Enterprises from $75.00 to $62.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Sidoti upgraded shares of Apogee Enterprises from a "neutral" rating to a "buy" rating in a research report on Friday, January 10th. Finally, StockNews.com cut shares of Apogee Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, April 25th.

Apogee Enterprises Trading Down 0.2 %

Shares of NASDAQ:APOG traded down $0.09 during midday trading on Monday, reaching $40.87. 10,782 shares of the company's stock were exchanged, compared to its average volume of 190,704. The firm's 50 day simple moving average is $45.70 and its two-hundred day simple moving average is $60.32. The stock has a market cap of $875.39 million, a price-to-earnings ratio of 9.12 and a beta of 0.85. Apogee Enterprises, Inc. has a fifty-two week low of $38.67 and a fifty-two week high of $87.93. 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 posted its earnings results on Thursday, April 24th. The industrial products company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.01). Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The company had revenue of $345.69 million during the quarter, compared to analyst estimates of $331.82 million. During the same quarter last year, the business posted $1.14 EPS. The firm's revenue for the quarter was down 4.4% on a year-over-year basis. As a group, sell-side analysts forecast that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Tuesday, May 13th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.54%. The ex-dividend date 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).