Caprock Group LLC Makes New $225,000 Investment in Apogee Enterprises, Inc. (NASDAQ:APOG)

Caprock Group LLC purchased a new position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,154 shares of the industrial products company’s stock, valued at approximately $225,000.

A number of other large investors have also modified their holdings of APOG. Endeavor Private Wealth Inc. bought a new stake in shares of Apogee Enterprises in the 4th quarter worth about $32,000. Gladius Capital Management LP acquired a new position in Apogee Enterprises during the 3rd quarter valued at about $33,000. GAMMA Investing LLC grew its holdings in Apogee Enterprises by 43.2% in the 3rd quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock worth $38,000 after buying an additional 163 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Apogee Enterprises during the third quarter valued at $58,000. Finally, CWM LLC increased its stake in shares of Apogee Enterprises by 19.9% during the third quarter. CWM LLC now owns 1,147 shares of the industrial products company’s stock valued at $80,000 after acquiring an additional 190 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Apogee Enterprises Price Performance

Shares of APOG stock opened at $50.81 on Friday. The firm’s 50 day moving average price is $65.63 and its two-hundred day moving average price is $69.56. The stock has a market cap of $1.12 billion, a PE ratio of 11.34 and a beta of 1.01. 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, Inc. has a 52-week low of $49.01 and a 52-week high of $87.93.

Apogee Enterprises (NASDAQ:APOG) last posted its quarterly earnings data on Tuesday, January 7th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The company had revenue of $341.30 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the company earned $1.23 earnings per share. As a group, analysts forecast that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Tuesday, January 28th will be paid a $0.26 dividend. This is a boost from Apogee Enterprises’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, January 28th. This represents a $1.04 annualized dividend and a yield of 2.05%. Apogee Enterprises’s payout ratio is 23.21%.

Analysts Set New Price Targets

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

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).