Dimensional Fund Advisors LP lifted its holdings in shares of Apogee Enterprises Inc (NASDAQ:APOG) by 1.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,338,196 shares of the industrial products company’s stock after purchasing an additional 22,442 shares during the period. Dimensional Fund Advisors LP owned 4.67% of Apogee Enterprises worth $64,581,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in APOG. Schwab Charles Investment Management Inc. grew its holdings in shares of Apogee Enterprises by 3.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 167,639 shares of the industrial products company’s stock worth $9,529,000 after purchasing an additional 5,391 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Apogee Enterprises by 0.7% during the second quarter. Arizona State Retirement System now owns 14,987 shares of the industrial products company’s stock worth $852,000 after purchasing an additional 100 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Apogee Enterprises by 60.0% during the second quarter. First Trust Advisors LP now owns 48,787 shares of the industrial products company’s stock worth $2,773,000 after purchasing an additional 18,299 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Apogee Enterprises by 6.6% during the second quarter. Advisors Asset Management Inc. now owns 6,103 shares of the industrial products company’s stock worth $347,000 after purchasing an additional 379 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Apogee Enterprises by 9.2% during the second quarter. Legal & General Group Plc now owns 54,549 shares of the industrial products company’s stock worth $3,099,000 after purchasing an additional 4,615 shares during the last quarter. Institutional investors own 99.02% of the company’s stock.
Apogee Enterprises Inc (NASDAQ:APOG) opened at $46.73 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.34 and a current ratio of 1.79. Apogee Enterprises Inc has a one year low of $40.03 and a one year high of $61.00. The stock has a market capitalization of $1,309.47, a price-to-earnings ratio of 16.81, a PEG ratio of 1.51 and a beta of 1.62.
Apogee Enterprises (NASDAQ:APOG) last issued its quarterly earnings results on Thursday, December 21st. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.14). Apogee Enterprises had a net margin of 6.24% and a return on equity of 17.99%. The firm had revenue of $356.50 million for the quarter, compared to analyst estimates of $373.35 million. During the same period last year, the company earned $0.78 EPS. The company’s revenue was up 30.1% compared to the same quarter last year. analysts forecast that Apogee Enterprises Inc will post 3.05 EPS for the current fiscal year.
Apogee Enterprises declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, January 9th that permits the company to buyback 1,000,000 outstanding shares. This buyback authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Tuesday, January 30th will be paid a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Monday, January 29th. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.14. Apogee Enterprises’s dividend payout ratio is 20.14%.
APOG has been the topic of several research analyst reports. Zacks Investment Research upgraded Apogee Enterprises from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. BidaskClub raised Apogee Enterprises from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Apogee Enterprises presently has an average rating of “Buy” and a consensus target price of $63.33.
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Apogee Enterprises 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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