Apogee Enterprises, Inc. (NASDAQ:APOG) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its stake in Apogee Enterprises, Inc. (NASDAQ:APOG) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,348 shares of the industrial products company’s stock after selling 229 shares during the quarter. Yousif Capital Management LLC’s holdings in Apogee Enterprises were worth $596,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of APOG. Hotchkis & Wiley Capital Management LLC bought a new position in Apogee Enterprises during the 3rd quarter worth approximately $6,845,000. Assenagon Asset Management S.A. lifted its holdings in Apogee Enterprises by 70.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 162,379 shares of the industrial products company’s stock worth $11,369,000 after buying an additional 67,295 shares during the last quarter. Foundry Partners LLC bought a new position in Apogee Enterprises during the 3rd quarter worth approximately $4,182,000. International Assets Investment Management LLC bought a new position in Apogee Enterprises during the 3rd quarter worth approximately $38,740,000. Finally, Kingsview Wealth Management LLC bought a new position in Apogee Enterprises during the 3rd quarter worth approximately $2,134,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Apogee Enterprises Stock Up 0.5 %

Shares of Apogee Enterprises stock opened at $49.56 on Monday. The business’s fifty day moving average price is $61.60 and its two-hundred day moving average price is $68.93. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.63 and a quick ratio of 1.27. The company has a market capitalization of $1.09 billion, a P/E ratio of 11.06 and a beta of 1.01. Apogee Enterprises, Inc. has a 1-year low of $48.86 and a 1-year high of $87.93.

Apogee Enterprises (NASDAQ:APOG) last issued its quarterly 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. Apogee Enterprises had a return on equity of 23.14% and a net margin of 7.14%. The company had revenue of $341.30 million for the quarter, compared to analysts’ expectations of $332.27 million. During the same period last year, the firm earned $1.23 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. As a group, research analysts forecast that Apogee Enterprises, Inc. will post 4.97 EPS for the current year.

Apogee Enterprises Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Tuesday, January 28th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.10%. This is a boost from Apogee Enterprises’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, January 28th. Apogee Enterprises’s payout ratio is presently 23.21%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on APOG shares. Sidoti raised Apogee Enterprises from a “neutral” rating to a “buy” rating in a report on Friday, January 10th. DA Davidson cut 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. StockNews.com downgraded Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 9th. Finally, Singular Research raised Apogee Enterprises to a “moderate buy” rating in a report on Tuesday, January 14th.

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).