Janney Montgomery Scott LLC Has $1.80 Million Stock Position in Apogee Enterprises, Inc. (NASDAQ:APOG)

Janney Montgomery Scott LLC lessened its position in Apogee Enterprises, Inc. (NASDAQ:APOG) by 1.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 25,234 shares of the industrial products company’s stock after selling 468 shares during the period. Janney Montgomery Scott LLC owned approximately 0.11% of Apogee Enterprises worth $1,802,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sei Investments Co. acquired a new position in shares of Apogee Enterprises during the second quarter valued at about $1,738,000. Marshall Wace LLP bought a new position in Apogee Enterprises in the 2nd quarter valued at about $217,000. Squarepoint Ops LLC bought a new stake in Apogee Enterprises during the 2nd quarter worth approximately $308,000. The Manufacturers Life Insurance Company raised its stake in shares of Apogee Enterprises by 4.1% in the second quarter. The Manufacturers Life Insurance Company now owns 11,310 shares of the industrial products company’s stock worth $711,000 after purchasing an additional 442 shares during the last quarter. Finally, Algert Global LLC bought a new position in shares of Apogee Enterprises in the second quarter valued at approximately $223,000. Institutional investors own 94.05% of the company’s stock.

Apogee Enterprises Trading Down 2.8 %

NASDAQ APOG opened at $51.02 on Monday. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 11.39 and a beta of 1.04. The business’s fifty day moving average is $68.39 and its 200-day moving average is $70.02. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.63 and a quick ratio of 1.27. Apogee Enterprises, Inc. has a one year low of $49.58 and a one year high of $87.93.

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

Apogee Enterprises Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Tuesday, January 28th will be paid a dividend of $0.26 per share. This is a boost from Apogee Enterprises’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Tuesday, January 28th. Apogee Enterprises’s dividend payout ratio is presently 23.21%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on APOG shares. StockNews.com downgraded Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 9th. Singular Research raised shares of Apogee Enterprises to a “moderate buy” rating in a research report on Tuesday, January 14th. DA Davidson reduced their price objective on shares of Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Finally, Sidoti raised shares of Apogee Enterprises from a “neutral” rating to a “buy” rating in a research report on Friday, January 10th.

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).