Tudor Investment Corp ET AL Purchases 37,434 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Tudor Investment Corp ET AL raised its position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 51.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 110,616 shares of the industrial products company's stock after buying an additional 37,434 shares during the period. Tudor Investment Corp ET AL owned about 0.50% of Apogee Enterprises worth $7,899,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of Apogee Enterprises by 87.9% during the 4th 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 boosted its holdings in shares of Apogee Enterprises by 196.2% during the 4th quarter. Renaissance Technologies LLC now owns 122,883 shares of the industrial products company's stock valued at $8,775,000 after buying an additional 81,400 shares in the last quarter. Norges Bank purchased a new stake in shares of Apogee Enterprises in the 4th quarter worth about $5,698,000. American Century Companies Inc. grew its position in shares of Apogee Enterprises by 12.9% in the 4th quarter. American Century Companies Inc. now owns 692,139 shares of the industrial products company's stock worth $49,426,000 after buying an additional 79,009 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Apogee Enterprises by 7.0% in the 4th quarter. Victory Capital Management Inc. now owns 1,155,967 shares of the industrial products company's stock worth $82,548,000 after acquiring an additional 75,438 shares in the last quarter. Institutional investors own 94.05% of the company's stock.

Wall Street Analyst Weigh In

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

Apogee Enterprises Stock Up 2.2 %

Apogee Enterprises stock traded up $0.88 during trading hours on Friday, hitting $40.96. The stock had a trading volume of 141,322 shares, compared to its average volume of 191,420. The stock's 50-day moving average price is $45.70 and its 200-day moving average price is $60.45. Apogee Enterprises, Inc. has a 12-month low of $38.67 and a 12-month high of $87.93. The company has a quick ratio of 1.27, a current ratio of 1.63 and a debt-to-equity ratio of 0.52. 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 (NASDAQ:APOG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.01). The business had revenue of $345.69 million during the quarter, compared to the consensus estimate of $331.82 million. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The business's revenue was down 4.4% compared to the same quarter last year. During the same period last year, the company posted $1.14 earnings per share. Equities research analysts anticipate that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Tuesday, May 13th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend is Tuesday, May 13th. Apogee Enterprises's dividend payout ratio (DPR) is 26.80%.

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).