Apogee Enterprises, Inc. (NASDAQ:APOG) Shares Acquired by Prudential Financial Inc.

Prudential Financial Inc. boosted its stake in Apogee Enterprises, Inc. (NASDAQ:APOG) by 70.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,548 shares of the industrial products company’s stock after buying an additional 48,680 shares during the period. Prudential Financial Inc. owned 0.54% of Apogee Enterprises worth $8,394,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its position in shares of Apogee Enterprises by 7.0% during the fourth 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 during the last quarter. American Century Companies Inc. grew its position in 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 purchasing an additional 79,009 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Apogee Enterprises by 1.4% in the third quarter. Geode Capital Management LLC now owns 530,226 shares of the industrial products company’s stock valued at $37,131,000 after purchasing an additional 7,382 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Apogee Enterprises by 3.9% during the fourth quarter. Principal Financial Group Inc. now owns 117,770 shares of the industrial products company’s stock valued at $8,410,000 after buying an additional 4,373 shares during the last quarter. Finally, FMR LLC boosted its position in shares of Apogee Enterprises by 12.5% during the third quarter. FMR LLC now owns 104,690 shares of the industrial products company’s stock worth $7,330,000 after buying an additional 11,627 shares during the period. 94.05% of the stock is owned by institutional investors and hedge funds.

Apogee Enterprises Stock Performance

Shares of NASDAQ APOG opened at $46.67 on Friday. Apogee Enterprises, Inc. has a 1 year low of $45.33 and a 1 year high of $87.93. The firm has a market cap of $1.02 billion, a P/E ratio of 10.42 and a beta of 1.04. The stock has a fifty day moving average price of $49.52 and a two-hundred day moving average price of $65.52. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.27 and a current ratio of 1.63.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. Apogee Enterprises had a return on equity of 23.14% and a net margin of 7.14%. The firm had revenue of $341.30 million for the quarter, compared to analyst estimates of $332.27 million. During the same period in the previous year, the company earned $1.23 earnings per share. Apogee Enterprises’s revenue was up .5% compared to the same quarter last year. Research analysts forecast that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Tuesday, January 28th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, January 28th. This is a positive change from Apogee Enterprises’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 2.23%. Apogee Enterprises’s dividend payout ratio is currently 23.21%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on APOG shares. StockNews.com downgraded Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 9th. DA Davidson lowered their price target on Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Singular Research raised shares of Apogee Enterprises to a “moderate buy” rating in a report on Tuesday, January 14th. Finally, Sidoti raised shares of Apogee Enterprises from a “neutral” rating to a “buy” rating in a research note on Friday, January 10th.

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).