New York State Teachers Retirement System Sells 1,319 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG)

New York State Teachers Retirement System trimmed its holdings in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,898 shares of the industrial products company’s stock after selling 1,319 shares during the quarter. New York State Teachers Retirement System owned about 0.20% of Apogee Enterprises worth $3,063,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. CWM LLC increased its holdings in Apogee Enterprises by 19.9% in the 3rd quarter. CWM LLC now owns 1,147 shares of the industrial products company’s stock valued at $80,000 after buying an additional 190 shares during the period. Moran Wealth Management LLC increased its holdings in Apogee Enterprises by 0.3% in the 3rd quarter. Moran Wealth Management LLC now owns 98,367 shares of the industrial products company’s stock valued at $6,887,000 after buying an additional 304 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its holdings in Apogee Enterprises by 44.1% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,293 shares of the industrial products company’s stock valued at $91,000 after buying an additional 396 shares during the period. KBC Group NV increased its holdings in Apogee Enterprises by 46.7% in the 4th quarter. KBC Group NV now owns 1,282 shares of the industrial products company’s stock valued at $92,000 after buying an additional 408 shares during the period. Finally, Los Angeles Capital Management LLC increased its holdings in Apogee Enterprises by 1.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 32,078 shares of the industrial products company’s stock valued at $2,246,000 after buying an additional 439 shares during the period. 94.05% of the stock is owned by institutional investors.

Apogee Enterprises Trading Down 1.6 %

APOG opened at $48.19 on Friday. The company’s 50 day moving average is $58.58 and its 200-day moving average is $68.34. The company has a current ratio of 1.63, a quick ratio of 1.27 and a debt-to-equity ratio of 0.52. Apogee Enterprises, Inc. has a 1-year low of $47.63 and a 1-year high of $87.93. The company has a market cap of $1.06 billion, a P/E ratio of 10.76 and a beta of 1.01.

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

Apogee Enterprises Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Tuesday, January 28th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, January 28th. This is an increase from Apogee Enterprises’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 2.16%. Apogee Enterprises’s dividend payout ratio (DPR) is currently 23.21%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on APOG shares. Singular Research upgraded 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. DA Davidson reduced their price target on shares of Apogee Enterprises from $75.00 to $62.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Finally, StockNews.com downgraded shares of Apogee Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 9th.

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).