O Shaughnessy Asset Management LLC Increases Stock Holdings in Apogee Enterprises, Inc. (NASDAQ:APOG)

O Shaughnessy Asset Management LLC grew its stake in Apogee Enterprises, Inc. (NASDAQ:APOG) by 38.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,834 shares of the industrial products company’s stock after purchasing an additional 18,817 shares during the period. O Shaughnessy Asset Management LLC owned approximately 0.31% of Apogee Enterprises worth $4,844,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of APOG. Point72 Asia Singapore Pte. Ltd. raised its position in Apogee Enterprises by 44.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,293 shares of the industrial products company’s stock worth $91,000 after buying an additional 396 shares during the last quarter. KBC Group NV lifted its position in Apogee Enterprises by 46.7% in the fourth quarter. KBC Group NV now owns 1,282 shares of the industrial products company’s stock valued at $92,000 after purchasing an additional 408 shares during the period. Endeavor Private Wealth Inc. purchased a new stake in Apogee Enterprises in the 4th quarter valued at approximately $32,000. LPL Financial LLC increased its position in Apogee Enterprises by 14.6% during the 4th quarter. LPL Financial LLC now owns 4,253 shares of the industrial products company’s stock worth $304,000 after purchasing an additional 541 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Apogee Enterprises during the 4th quarter worth approximately $40,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Apogee Enterprises Stock Up 2.8 %

Apogee Enterprises stock opened at $48.00 on Thursday. Apogee Enterprises, Inc. has a fifty-two week low of $45.28 and a fifty-two week high of $87.93. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 10.71 and a beta of 1.04. The stock’s fifty day moving average is $48.94 and its two-hundred day moving average is $65.17. 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 issued its quarterly earnings data on Tuesday, January 7th. The industrial products company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The firm had revenue of $341.30 million for the quarter, compared to analysts’ expectations of $332.27 million. Apogee Enterprises had a net margin of 7.14% and a return on equity of 23.14%. The firm’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the company earned $1.23 EPS. Analysts predict that Apogee Enterprises, Inc. will post 4.97 EPS for the current fiscal year.

Apogee Enterprises Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Tuesday, January 28th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date was Tuesday, January 28th. This is a boost from Apogee Enterprises’s previous quarterly dividend of $0.25. Apogee Enterprises’s dividend payout ratio is 23.21%.

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).