Vanguard Group Inc. Purchases 53,484 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

Vanguard Group Inc. lifted its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 1.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,097,343 shares of the industrial products company’s stock after purchasing an additional 53,484 shares during the quarter. Vanguard Group Inc. owned 14.03% of Apogee Enterprises worth $165,429,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. GAMMA Investing LLC bought a new position in Apogee Enterprises during the fourth quarter valued at approximately $31,000. Mutual of America Capital Management LLC bought a new position in shares of Apogee Enterprises during the 4th quarter valued at $206,000. Handelsbanken Fonder AB purchased a new position in Apogee Enterprises in the 4th quarter worth $211,000. 360 Financial Inc. bought a new stake in Apogee Enterprises in the fourth quarter worth $312,000. Finally, Partnership Wealth Management LLC purchased a new stake in Apogee Enterprises during the fourth quarter valued at about $316,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Apogee Enterprises Stock Up 0.9 %

Shares of Apogee Enterprises stock opened at $62.14 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.29 and a current ratio of 1.64. Apogee Enterprises, Inc. has a 52-week low of $41.01 and a 52-week high of $67.92. The company’s 50 day moving average price is $63.53 and its 200-day moving average price is $58.40. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 12.76 and a beta of 1.00.

Apogee Enterprises (NASDAQ:APOG) last announced its quarterly earnings results on Thursday, June 27th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.28. The business had revenue of $331.50 million for the quarter, compared to analyst estimates of $333.22 million. Apogee Enterprises had a net margin of 7.72% and a return on equity of 24.74%. The company’s revenue was down 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.05 EPS. Equities research analysts forecast that Apogee Enterprises, Inc. will post 4.86 EPS for the current year.

Apogee Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Wednesday, July 10th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Wednesday, July 10th. Apogee Enterprises’s dividend payout ratio (DPR) is currently 20.53%.

Analyst Ratings Changes

Separately, DA Davidson lifted their price objective on Apogee Enterprises from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, June 28th.

Insiders Place Their Bets

In other news, CEO Ty R. Silberhorn sold 10,679 shares of Apogee Enterprises stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $63.10, for a total transaction of $673,844.90. Following the sale, the chief executive officer now owns 110,806 shares of the company’s stock, valued at approximately $6,991,858.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Apogee Enterprises news, Director Herbert K. Parker sold 15,728 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $60.35, for a total value of $949,184.80. Following the completion of the transaction, the director now owns 8,636 shares in the company, valued at $521,182.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ty R. Silberhorn sold 10,679 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $63.10, for a total value of $673,844.90. Following the transaction, the chief executive officer now directly owns 110,806 shares of the company’s stock, valued at approximately $6,991,858.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,252 shares of company stock worth $4,786,214. 2.00% of the stock is currently owned by corporate insiders.

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).