Voya Investment Management LLC Reduces Stake in Apogee Enterprises, Inc. (NASDAQ:APOG)

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

A number of other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of Apogee Enterprises by 87.9% in the 4th quarter. JPMorgan Chase & Co. now owns 186,744 shares of the industrial products company's stock valued at $13,335,000 after acquiring 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 worth $8,775,000 after buying an additional 81,400 shares during the period. Norges Bank bought a new position in Apogee Enterprises in the 4th quarter valued at about $5,698,000. American Century Companies Inc. boosted its holdings 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 worth $49,426,000 after acquiring an additional 79,009 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of Apogee Enterprises by 7.0% in 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 during the last quarter. 94.05% of the stock is currently owned by institutional investors.

Apogee Enterprises Stock Down 0.6 %

NASDAQ APOG traded down $0.23 during trading hours on Tuesday, hitting $39.76. The company's stock had a trading volume of 10,175 shares, compared to its average volume of 190,540. The company's 50-day simple moving average is $45.55 and its two-hundred day simple moving average is $60.05. Apogee Enterprises, Inc. has a 52 week low of $38.67 and a 52 week high of $87.93. The company has a market capitalization of $851.51 million, a PE ratio of 8.86 and a beta of 0.99. The company has a current ratio of 1.63, a quick ratio of 1.27 and a debt-to-equity ratio of 0.52.

Apogee Enterprises (NASDAQ:APOG - Get Free Report) last announced its earnings results on Thursday, April 24th. The industrial products company reported $0.89 EPS 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 firm had revenue of $345.69 million during the quarter, compared to analysts' expectations of $331.82 million. During the same quarter in the prior year, the company earned $1.14 EPS. The business's revenue for the quarter was down 4.4% on a year-over-year basis. Research analysts anticipate that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 2.62%. The ex-dividend date is Tuesday, May 13th. Apogee Enterprises's dividend payout ratio is 26.80%.

Analyst Ratings Changes

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

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).