NWQ Investment Management Company LLC lowered its holdings in Apogee Enterprises Inc (NASDAQ:APOG) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 506,770 shares of the industrial products company’s stock after selling 7,102 shares during the quarter. NWQ Investment Management Company LLC owned approximately 1.78% of Apogee Enterprises worth $23,175,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Stone Ridge Asset Management LLC bought a new stake in shares of Apogee Enterprises in the 4th quarter valued at about $292,000. Deutsche Bank AG grew its position in shares of Apogee Enterprises by 13.4% in the 4th quarter. Deutsche Bank AG now owns 64,600 shares of the industrial products company’s stock worth $2,952,000 after buying an additional 7,612 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Apogee Enterprises in the 4th quarter worth approximately $2,110,000. Geode Capital Management LLC grew its position in shares of Apogee Enterprises by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 255,378 shares of the industrial products company’s stock worth $11,678,000 after buying an additional 3,016 shares during the last quarter. Finally, Tieton Capital Management LLC purchased a new position in shares of Apogee Enterprises in the 4th quarter worth approximately $3,815,000. Institutional investors and hedge funds own 99.70% of the company’s stock.
A number of research analysts have recently issued reports on the stock. BidaskClub raised shares of Apogee Enterprises from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. Zacks Investment Research raised shares of Apogee Enterprises from a “sell” rating to a “hold” rating in a research report on Tuesday, November 21st. Finally, ValuEngine downgraded shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Apogee Enterprises has a consensus rating of “Buy” and a consensus target price of $61.00.
Shares of Apogee Enterprises Inc (NASDAQ APOG) opened at $46.24 on Wednesday. The firm has a market cap of $1,321.98, a P/E ratio of 16.63, a price-to-earnings-growth ratio of 1.14 and a beta of 1.57. Apogee Enterprises Inc has a 12-month low of $40.03 and a 12-month high of $59.98. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.32 and a current ratio of 1.79.
Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Thursday, December 21st. The industrial products company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.14). The company had revenue of $356.50 million for the quarter, compared to analysts’ expectations of $373.35 million. Apogee Enterprises had a return on equity of 17.99% and a net margin of 6.24%. The firm’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.78 EPS. equities analysts expect that Apogee Enterprises Inc will post 3.05 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Tuesday, January 30th were given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.36%. The ex-dividend date was Monday, January 29th. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.14. Apogee Enterprises’s payout ratio is currently 22.66%.
Apogee Enterprises announced that its board has authorized a stock repurchase program on Tuesday, January 9th that authorizes the company to buyback 1,000,000 outstanding shares. This buyback authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
Apogee Enterprises Company Profile
Apogee Enterprises, Inc is engaged in the design and development of glass solutions for enclosing commercial buildings and framing art. The Company operates through four segments: Architectural Glass, Architectural Services, Architectural Framing Systems and Large-Scale Optical Technologies (LSO). The Architectural Glass segment fabricates coated glass used in customized window and wall systems.
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