Voya Investment Management LLC Lowers Position in Apogee Enterprises, Inc. (NASDAQ:APOG)

Voya Investment Management LLC decreased its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG - Free Report) by 12.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,057 shares of the industrial products company's stock after selling 12,457 shares during the quarter. Voya Investment Management LLC owned 0.40% of Apogee Enterprises worth $6,288,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of Montreal Can grew its position in Apogee Enterprises by 4.0% in the fourth quarter. Bank of Montreal Can now owns 7,734 shares of the industrial products company's stock worth $552,000 after acquiring an additional 298 shares in the last quarter. KBC Group NV raised its holdings in shares of Apogee Enterprises by 46.7% during the 4th quarter. KBC Group NV now owns 1,282 shares of the industrial products company's stock valued at $92,000 after buying an additional 408 shares in the last quarter. Sterling Capital Management LLC lifted its position in Apogee Enterprises by 6.5% in the 4th quarter. Sterling Capital Management LLC now owns 6,986 shares of the industrial products company's stock worth $499,000 after buying an additional 427 shares during the last quarter. Endeavor Private Wealth Inc. purchased a new stake in Apogee Enterprises in the fourth quarter worth approximately $32,000. Finally, LPL Financial LLC grew its position in Apogee Enterprises by 14.6% during the fourth quarter. LPL Financial LLC now owns 4,253 shares of the industrial products company's stock valued at $304,000 after acquiring an additional 541 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company's stock.

Apogee Enterprises Trading Up 2.2 %

Apogee Enterprises stock traded up $0.88 during trading hours on Friday, reaching $40.96. The stock had a trading volume of 141,322 shares, compared to its average volume of 191,420. The company has a fifty day simple moving average of $45.70 and a 200-day simple moving average of $60.45. Apogee Enterprises, Inc. has a 52 week low of $38.67 and a 52 week high of $87.93. The stock has a market cap of $877.32 million, a PE ratio of 9.14 and a beta of 0.85. 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 results on Thursday, April 24th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.90 by ($0.01). Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The business had revenue of $345.69 million for the quarter, compared to analysts' expectations of $331.82 million. During the same quarter in the prior year, the firm earned $1.14 EPS. The firm's revenue for the quarter was down 4.4% on a year-over-year basis. Analysts forecast that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

The business also recently declared 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. This represents a $1.04 annualized dividend 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 currently 26.80%.

Analyst Ratings Changes

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

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).